Updated October 11, 2019

This Little-Known Account Pays 200x the Normal Interest Rate

Savings Accounts

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Years ago, people didn’t have much choice when it came to their bank; most everybody was stuck with the big banks with their low interest rates and exorbitant fees.

But if you’re like me and think that in 2019 you deserve a modern banking platform that gets you, it may be time to ditch the big Wall Street banks.

As an entrepreneur who’s always catching flights, I don’t have time to visit branches, nor can I afford all of the silly fees that big banks chuck at me.

I don’t need to be on the phone with a banker everyday. I really don’t even need to visit my bank’s branch at all.  I just want a no-frills account that has my best interest in mind.

That’s why I was stoked when I discovered CIT Bank.

With no hidden fees, no monthly minimum deposits, and no hoops to jump through, CIT Bank is accessible worldwide, 24/7, with just a tap on your phone. Plus, it offers a savings account in which you’ll actually be able to EARN and SAVE money!

With a mind-bending 2.30% APY (which is over 200x what the big banks are paying right now), CIT Bank is not only changing the way people bank but how we think about banking in general.

Of course, such high interest rates are typically reserved for those who have fat bank balances, but you can earn this rate with CIT Bank simply by depositing $100 into your account every month.

Why I Love This Account

Big banks try to force our hands by offering more branches, better hours, and free checks (how archaic, I don’t need those!)…but behind closed doors, they’re investing our money into causes that may go against everything we believe in.

CIT Bank reinvests money into causes that matter and projects that bring good into this world. Granting all of your wishes for banking made easy, this bank allows its customers to reach their financial goals in a stress-free, sustainable manner.

With just $100, no matter what your ambitions, dreams, goals, and intentions are, you can open an online account with CIT Bank.

And oh yeah, there are absolutely no opening or monthly servicing fees!

Get Started in Less Than Five Minutes

Ah, I know what you’re thinking. This all sounds great, but I don’t have time to set up a new bank account! I’ll surely need a bunch of information, documentation, and time to get started.

Not with CIT Bank!

For any U.S. Citizen over the age of 18 with a Social Security Number and a checking or savings account, signing up with CIT Bank couldn’t be easier.

Easy Account Setup

You’ll start by simply answering a few questions, including whether you want your account to be an individual or joint account.  An individual account simply means that you will be the only owner of the account; a joint account means that you and someone else (for example, your spouse) will both jointly own the account.

CIT Bank will then ask for your full name and date of birth.  From there, you’ll input your Social Security Number, which is protected through encryption, as well as your permanent address and phone number. All super simple!

Next, you’ll input the amount of your initial deposit (this is before you enter any banking information).  And remember, the more money you deposit, the more interest you’ll earn at that juicy 2.30% interest rate!

Finally, you’ll be asked a few more questions, check a few more boxes saying that you understand what you’re doing, and that’s it!

Putting Your Money Where Your Mouth Is

CIT Bank uses your green to focus on another type of green…the environment!  Along with making significant investments in clean energy projects, CIT Bank has partnered with the Carbon Fund to offset the carbon associated with air travel, and it also partners with the Surfrider Foundation to help clean up the world’s oceans and beaches.

And not only does CIT Bank invest in the environment, but it also invests in our nation’s children.  It has expanded its partnership with the Junior Achievement group to advance financial literacy by teaching hundreds of hours of financial curriculum to children.  It also supports various Boys & Girls Clubs to provide after-school programs and workforce development.

Should You Sign Up for CIT Bank Savings Builder?

By banking with CIT Bank, you’ll not only earn higher interest rates and pay less fees, but you’ll be choosing to be part of positive world change moving forward. Many people fail to think of what big banks are actually doing with the money they’re depositing each and every day– it’s finally time for that mindset to change!

Join the millions of others and start banking with CIT Bank today.

Logan Allec, CPA

Logan is a CPA, Certified Student Loan Professional, and founder of Money Done Right, which he launched in July 2017. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.

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