Replace 5/5/25: I efficiently obtained my $300 deposit bonus on prime of the traditional curiosity inside the 60 days of deposit (truly 56 calendar days). I held for 60 days for simplicity, however different readers have confirmed the bonus arrived after solely the said 30-day minimal maintain. This supply remains to be accessible for those who haven’t executed it but.
Authentic submit:
CIT Financial institution has a brand new limited-time $225/$300 Platinum Financial savings deposit bonus. The bonus is determined by deposit quantity, and it’s open to each new and present clients. The bonus is on prime of the rate of interest, at present 4.10% APY (as of three/20/25) with a stability of $5,000 or extra.
New deposit bonus particulars. For brand new clients, you need to first open a brand new account with at the very least $100 and promo code PS2025 at this particular supply hyperlink. You’ll get a number of confirmations that you’re enrolled within the promo through the utility course of.
Should you already had an CIT Financial institution present account as of two/26/25, you continue to must first formally enroll on this supply by way of the “Begin financial savings now” button after which logging into your CIT Checking account. In case you 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 present CIT Financial institution accounts is not going to 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 supply 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 clients who qualify for the $225 or $300 bonus supply 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’ll be able to fund or in a number of transfers, it simply must be executed inside the 30-day window.
Importantly, there is no such thing as a minimal holding interval. You simply must fund inside the 30-day interval after your opening/enrollment date. Though not explicitly required within the phrases, I select to be further cautious and ensure to time it such that the cash is thru the 30-day mark. After that, your account simply must be open on the time of the bonus fee, which is one other 60 days after the 30-day mark. You do not have to keep up the stability throughout these extra 60 days, though you would 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, for those who assume you retain the cash there for 30 days, listed below are the efficient rates of interest you would get as both a brand new or present buyer:
- For a brand new/present buyer incomes the $225 bonus on $25,000 in new deposits with a 30-day maintain interval, which additionally qualifies you for the present 4.10% APY tier, that works out to a complete 14.9% APY for 30 days (10.8 + 4.10).
- For a brand new/present buyer incomes the $300 bonus on $50,000 in new deposits with a 30-day maintain interval, which additionally qualifies you for the present 4.10% APY tier, that works out to a complete 11.3% APY for 30 days (7.2 + 4.10).
You’ll be able to see that the $25k tier works out to be a better share, 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 charge. Be sure you preserve $5,000 in there to qualify for the very best rate of interest tier.
Backside line. CIT Financial institution has actually good limited-time deposit bonuses now and again, and they’re additionally often accessible to present clients. Proper now could be a type of instances, with a brand new as much as $300 Platinum Financial savings deposit bonus and it’s certainly open to each new and present clients. The bonus is on prime of the rate of interest, at present 4.10% APY (as of three/20/25) with a stability of $5,000 or extra.
This supply is for a limited-time solely, and so they could finish it at any time if their targets are met.
I’m doing this supply, and as an present CIT account proprietor, enrolling and funding was very straightforward as my different financial institution accounts have been already linked and able to go. My fund have arrived and so they have confirmed my bonus by e-mail. They’re additionally fairly strong as a switch hub.