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CIT Bank is a leading online bank that offers a range of financial products, including the Savings Connect account. This account is designed for those who want to earn a high yield on their savings without the hassle of managing multiple accounts.
One of the standout features of the CIT Bank Savings Connect account is its high annual percentage yield (APY). At the time of writing, the APY on this account is up to 3.85% (as of Dec. 31st, 2022), which is significantly higher than the national average. This means that you can earn more on your savings without having to put in extra effort or take on additional risk.
In addition to the high APY, the Savings Connect account also offers convenience through online banking and the mobile app. This means that you can easily manage your account from anywhere, at any time. You can view your account balance, make deposits, and withdraw funds using your smartphone or computer.
Another benefit of the Savings Connect account is that it is insured by the Federal Deposit Insurance Corporation (FDIC). This means that your deposits are protected up to $250,000 in the event that CIT Bank experiences financial difficulties. This added security can give you peace of mind and help you feel more confident about your financial future.
Opening a Savings Connect account is easy and can be done in just a few minutes. All you need to do is visit the CIT Bank website and follow the prompts to open an account. You will need to provide some personal information, such as your name, address, and social security number, as well as your employment and financial information. Once your account is open, you can start earning competitive rates on your savings right away.
Overall, the CIT Bank Savings Connect account is a great choice for those who want to earn a high yield on their savings without the hassle of managing multiple accounts. With its competitive rates, convenient online and mobile banking, and FDIC insurance, it is a secure and convenient way to grow your savings. If you are looking to open an account, the process is quick and easy, and you can start earning competitive rates on your savings in just a few minutes.