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Is CIT Bank legitimate? 4.95% HYSA

Posted on 7/12/23 at 10:36 am
Posted by GrizzlyAlloy
Member since Aug 2020
2581 posts
Posted on 7/12/23 at 10:36 am
Is it safe to put my emergency fund in CIT Bank? They have a 4.95% high yield savings account.

www.cit.com/
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89303 posts
Posted on 7/12/23 at 10:51 am to
PUT YOUR MONEY IN CELSIUS!!

10% GUARANTEED RETURN! NO RISK!

Posted by tigersmanager
Member since Jun 2010
9309 posts
Posted on 7/12/23 at 11:05 am to
I would go with bigger companies that are close to that rate like cap one discover amex
Posted by MSTiger33
Member since Oct 2007
21465 posts
Posted on 7/12/23 at 12:16 pm to
Sure if it’s fdic insured. We use fierce at 5%. The difference is that the smaller companies take less of a cut in order to earn your business. Also, double check it’s not a teaser rate.
Posted by NOSHAU
Member since Feb 2012
13491 posts
Posted on 7/12/23 at 2:36 pm to
quote:

I would go with bigger companies that are close to that rate like cap one discover amex


They are a member of Citizen's Bank.
Posted by notsince98
KC, MO
Member since Oct 2012
21414 posts
Posted on 7/12/23 at 4:01 pm to
I have used CIT previously with no issues.
Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
46136 posts
Posted on 7/14/23 at 6:53 pm to
I got fed up with Citi not raising from 4.05% and opened a CIT account
Posted by Sho Nuff
Oahu
Member since Feb 2009
13431 posts
Posted on 7/15/23 at 10:08 pm to
I got the pilot invite a few weeks back to Vanguard with 4.5% and threw in $. 4.95% sounds pretty good, but I like having my money sit somewhere I will likely invest from.
Posted by lsu xman
Member since Oct 2006
16714 posts
Posted on 7/15/23 at 10:27 pm to
Threw in 10K and got 40.70 first month

Now 4.832%
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