What if you could have the ease of use of a great online checking account and get rewarded with a better savings account, at the same bank?
That’s what CIT Savings Connect is all about. When you open a Savings Connect account, you get CIT’s eChecking account and their Savings Account all in one place.
By linking the accounts, CIT Savings Connect offers you a great APY if you meet the qualifying criteria. It’s one of the highest on the market! In partnership with CIT Bank, let’s dive in and learn more about how CIT Savings Connect works.
How CIT Savings Connect Works
CIT Savings Connect is a savings account with a linked eChecking account. So you get to enjoy a top APY on your savings in addition to convenient access to your cash for spending.
The savings account pays up to 3.65% APY on your money. It has two tiers - a baseline 3.65% APY¹, and an upper tier of 3.65% APY. Everyone gets the baseline tier of 3.65% APY¹. Note: This account previously had two tiers, but has been at the same rates for all tiers for about a year now.
To get the 3.65% APY, you need to have a monthly direct deposit or external deposit of $100 or more into your linked eChecking account. When you do that, you get the higher APY. The cool thing is that CIT will remind you each month if you need a deposit - so you can make it happen if you don’t have a normal direct deposit setup.
Why We Like The Product
We love this product simply because of the convenience of it. Some savings accounts still have limits on the number of transactions you can do each month. As such, you can’t use them as your normal spending account.
That’s why, historically, you’ve had to have a checking account and savings account. But most checking accounts don’t pay interest (or if they do, it’s like 0.01% APY - which is basically nothing).
That’s what makes CIT Savings Connect so great - you get the benefits of a linked interest-bearing eChecking account², with the benefits of a great savings account. That’s a win-win in our book.
Any Important Fine Print?
As with most financial products, there’s always fine print. Luckily, it’s pretty straightforward with CIT Savings Connect.
You need a $100 minimum deposit to open the account. After that, there’s no minimum balance requirement.
A Great Account That Makes Banking Seamless
These accounts from CIT are a great addition to their existing products. CIT Bank has consistently been known for having great savings and money market accounts.
Now, with CIT Savings Connect, you get all the benefits of a high-yield savings account.
Final Thoughts
We love this new Savings Connect from CIT Bank. If you’re looking for a new savings account, this needs to be a top consideration.
Open a CIT Savings Connect account here >>
For complete list of account details and fees, see our Personal Account disclosures.
1APY — Annual Percentage Yield is accurate as of January 9, 2026. Interest Rates for the Savings Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account.
Editor: Clint Proctor Reviewed by: Ashley Barnett
Robert Farrington is the founder of The College Investor and is widely recognized as one of the nation’s leading voices on student loan debt and saving for college. He holds an MBA from UC San Diego Rady School of Management and has spent over 15 years researching, writing, and advising on student loans, 529 plans, financial aid programs, and saving and investing for young professionals.
Robert has been featured in the The New York Times, The Wall Street Journal, The Washington Post, NBC News, and Forbes, where he has been a regular personal finance contributor for over a decade. His work combines both professional expertise and personal experience – he successfully navigated his own student loan repayment journey and has helped thousands of readers do the same.
He is committed to making the intersection of personal finance and education transparent and accessible. You can learn more about Robert on the About Page or on his personal site RobertFarrington.com.