CIT Bank (up to) $400 for new account

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Not the best bonus structure, but if you have enough Chase†not earning interest then maybe worth it...

  • Funds used to qualify for bonus must be new funds, not already on deposit with CIT Bank or OneWest Bank
  • Account must be opened and funded by June 30, 2017
  • Maintain minimum $15,000 average monthly balance for 3 full monthly statement cycles

https://www.bankoncit.com/savenow-direct/†
The lowest average monthly balance from among the first three full monthly statement cycles will determine the bonus amount, based on the schedule below.†
Lowest Average Monthly Balance Bonus
$15,000 - $99,999 $100
$100,000 - $299,999 $250
$300,000 or more $400


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Working link: https://www.bankoncit.com/savenow-direct/
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Link is broken.

If I had 300,000, I would be opening my own bank

NM.

ach1199 said:   Repost

CIT and Citi are NOT the same bank.
††

here is a good link to the promo

https://www.bankoncit.com/savenow-direct/

OP, you might want to update your post. For now, I'll add it to the member summary.

Chyvan said:   
ach1199 said:   Repost

CIT and Citi are NOT the same bank.
††

† I stand corrected but still there are better checking promos out there.


Thank you, it is fixed now. My apologies...

ach1199 said:   
Chyvan said:   
ach1199 said:   Repost

CIT and Citi are NOT the same bank.
††

† I stand corrected but still there are better checking promos out there.


††
Well, this is a bonus on a Savings Account that also earns 1.05% APY. There are not many of those out there. This is a great $100 bonus if you've got $15,000 cash sitting in savings earning around 1% or less.

If you're going to open an account for this bonus, seems prudent to do so towards the end of the month. The 3-month clock doesn't start until the beginning of the calendar month AFTER the account is opened. See below excerpt from terms & conditions.

A full statement cycle is defined as beginning the first day of a month and ending the last day of that same month, e.g., 5/1/17 to 5/31/17. The average monthly balance for each full statement cycle is calculated as follows: at the end of each day, the High Yield Savings Account balance is recorded. When the statement cycle ends, these end-of-day balances are added together and then divided by the number of days in the statement cycle to determine the average monthly balance.

For example, if a customer funds an account on April 10, 2017, the first of the three full monthly statement cycles will begin on May 1, 2017. The additional two monthly statement cycles will be June 1-30, 2017 and July 1-31, 2017. If the customerís average monthly balance is $125,000 in May, $90,000 in June and $160,000 in July, the lowest of the three average monthly balances is $90,000, and the customer would qualify for a $100 bonus.

i opened a little while ago when it was $200 for $150k. I wonder if they will match the current offer for me.

bharatiya said:   If I had 300,000, I would be opening my own bank

††If I had 300,000, I would wonder who took all the rest

In for 2!

For those with existing High Yield Savings Accounts (HYSA), CIT has just stopped offering HYSA accounts and is now offering a new account called Spring Savings which is identical to the old HYSA accounts except it pays 1.15% interest instead of the 1.05% that existing HYSA account get. If you want the higher interest rate you have to open a new Spring Savings account online and transfer all the funds from your old HYSA to your new Spring Savings account. Existing HYSA accounts will not automatically be converted to Spring Savings or get the higher rate. https://www.depositaccounts.com/banks/cit-bank/offers/

sunspotzsz said:   i opened a little while ago when it was $200 for $150k. I wonder if they will match the current offer for me.
† I did the same. I put in a message through the online system and the bastards wouldn't match it.†


They seem to be sensitive to a lot of chexsystems inquiries, my application got rejected.†

Lowest tier is a $125 bonus and highest tier is at $425 via https://www.bankoncit.com/bonus17/

giantsfan2 said:   Lowest tier is a $125 bonus and highest tier is at $425 via https://www.bankoncit.com/bonus17/
††use code BONUS17



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