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CIT Bank is offering a cash bonus of up to $200 opening a new High Yield Savings account

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$15k tied up in there for $100 bonus. Is that good deal?

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moneybie said:   $15k tied up in there for $100 bonus. Is that good deal?

Per Ken at depositaccounts,

Assuming CIT Bank’s High Yield Savings account is opened with the required minimum deposit, and is kept opened for three months to ensure the bonus being awarded, effective APY can be calculated that combine the savings account APY (1.05%) with the bonus amount:

  • $15,000: $100 bonus adds 2.67% for an effective APY of approximately 3.72%

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nice job of putting $150k in thread's title.

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 Problem.  They are Turkeys.

 If you're lucky it may go smoothly.   It didn't for me.  Worst tech team in existence.

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Dow1000 said:    Problem.  They are Turkeys.

 If you're lucky it may go smoothly.   It didn't for me.  Worst tech team in existence.

  Details?

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moneybie said:   $15k tied up in there for $100 bonus. Is that good deal?
  1.05% is one of the best liquid account rates out there. $100 on top is just gravy

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lakefan said:   
Dow1000 said:    Problem.  They are Turkeys.

 If you're lucky it may go smoothly.   It didn't for me.  Worst tech team in existence.

  Details?

   Doesn't really matter.  But trust me, incompetence was on display.

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Not bad but half as good as $200 bonus for $15K (savings account) at Chase.

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