CIT Financial institution has a brand new limited-time $225/$300 Platinum Financial savings deposit bonus. The bonus relies on deposit quantity, and it’s open to each new and current prospects. The bonus is on high of the rate of interest, at the moment 4.30% APY (as of two/27/25) with a stability of $5,000 or extra.
New deposit bonus particulars. For brand new prospects, you will need to first open a brand new account with no less than $100 and promo code PS2025 at this particular provide hyperlink. You’ll get a number of confirmations that you’re enrolled within the promo in the course of the software course of.
In the event you already had an CIT Financial institution current account as of two/26/25, you continue to must first formally enroll on this provide through the “Begin financial savings now” button after which logging into your CIT Checking account. You probably have different CIT Financial institution accounts already, however must open a brand new Platinum Financial savings account, you are able to do that simply as nicely.
There are solely two tiers for the bonus, both $25,000 or $50,000. Qualifying funds should come from an account exterior of CIT Financial institution. (Transfers from current CIT Financial institution accounts won’t qualify for this promotion.)
- A brand new deposit of $25,000 to $49,999 inside 30 calendar days of your open/enrollment date will get you a $225 money bonus.
- A brand new deposit of $50,000+ inside 30 calendar days of your open/enrollment date will get you a $300 money bonus.
There’s a restrict of 1 Platinum Financial savings promotional provide per account and per Main buyer. If a number of Platinum Financial savings accounts are opened, just one account per major account proprietor is eligible.
All prospects who qualify for the $225 or $300 bonus provide will obtain the bonus within the enrolled Platinum Financial savings account inside 60 days after the 30-day funding interval. The enrolled Platinum Financial savings account have to be open on the time of the bonus fee to qualify. You possibly can fund abruptly or in a number of transfers, it simply needs to be accomplished inside the 30-day window.
Primarily based on the phrases of this promotion, there’s no specific minimal holding interval. You simply must fund a while inside the 30-day interval after your opening/enrollment date, and be sure that the cash continues to be there after they verify on the 30-day mark. Then, your account simply must be open on the time of the bonus fee, which is after one other 60 days after the 30-day mark. You don’t have to take care of the stability throughout these extra 60 days, though you possibly can select to maintain it there till the bonus arrives.
Efficient APY tough numbers. The shortage of minimal holding interval makes the potential efficient APY theoretically sky-high. For the sake of tough numbers, in the event you assume you retain the cash there for 30 days, listed here are the efficient rates of interest you possibly can get as both a brand new or current buyer:
- For a brand new/current buyer incomes the $225 bonus on $25,000 in new deposits with a 30-day maintain interval, which additionally qualifies you for the present 4.30% APY tier, that works out to a complete 15.1% APY for 30 days (10.8 + 4.30).
- For a brand new/current buyer incomes the $300 bonus on $50,000 in new deposits with a 30-day maintain interval, which additionally qualifies you for the present 4.30% APY tier, that works out to a complete 11.5% APY for 30 days (7.2 + 4.30).
This fashion, we see that the $25k tier works out to be the next proportion, however you get extra absolute cash you probably have sufficient fund for the $50k tier.
The Platinum Financial savings account has no minimal stability charges, no month-to-month service charges, no inactivity price.
Backside line. CIT Financial institution has actually good limited-time deposit bonuses every so often, and they’re additionally normally obtainable to current prospects. This time, there’s a new as much as $300 Platinum Financial savings deposit bonus and it’s certainly open to each new and current prospects. The bonus is on high of the rate of interest, at the moment 4.30% APY (as of two/27/25) with a stability of $5,000 or extra.
This provide is for a limited-time solely, and so they could finish it at any time if their targets are met.
As an current CIT account proprietor, enrolling and funding was simple as my different financial institution accounts had been already linked and able to go.
