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CIT Bank offers a range of savings products including high-yield savings accounts, a money market account, and certificates of deposit (CDs). The best high-yield savings account has competitive rates for balances starting at $5,000. Pros include compounding interest, no monthly fees, and no balance requirements. Cons include low APY for balances under $5,000 and no physical branches. CIT Bank offers alternatives with similar features, such as the Savings Connect and Savings Builder accounts, as well as CDs with varying term lengths. The overall financial stability of CIT Bank’s parent company, First Citizens Bank, is moderate with a Baa1 rating from S&P Global and Moody’s.



Read more: CIT Bank High-Yield Savings Accounts Review