Simple Ways to Save at CIT Bank
When you think about saving money with CIT Bank, it's not about clipping coupons for groceries. Instead, it's about making your money work harder for you. The easiest way to save is by opening a high-yield savings account. Here’s how it works:
- Open a Savings Connect Account: This account offers a competitive interest rate, which means your money grows faster than it would in a typical bank account. It's like getting a small bonus just for saving.
- Try a No-Penalty CD: A Certificate of Deposit (CD) locks in a great rate, but their "No-Penalty" version lets you take your money out early without a fee. It's perfect if you think you might need the cash but still want a great rate.
- Set up automatic transfers: The simplest trick is to "set it and forget it." Have a little money moved from your checking account to your CIT savings account every payday. You won't even miss it, and your savings will add up quickly.
Best Times to "Shop"
Since CIT Bank offers financial products, the "best time to shop" is all about interest rates. Banks change their rates based on the economy.