Key Points
- New CIT Bank Platinum Savings customers can earn a boosted 4.10% APY for six months using promo code “CITBoost”*
- The account requires just a $100 minimum to open, has no monthly service fees, and is FDIC-insured.
- After the six-month boost period ends, you continue earning CIT Bank’s best standard rate of 3.75% APY on balances of $5,000 or more.
CIT Bank is offering a limited-time APY boost for new Platinum Savings account holders.
Open an account with promo code CITBoost and you’ll earn 4.10% APY on balances of $5,000 or more for the first six months* — that’s 10x the national average savings rate.
What Is The CIT Bank Platinum Savings APY Boost?
CIT Bank’s Platinum Savings APY Boost promotion gives new customers an elevated interest rate for six months beyond the standard APY. Here’s how the rates break down:
During The 6-Month Boost Period:
Balance Tier | Boost APY |
|---|---|
$5,000 or More | 4.10%* |
Under $5,000 | 0.60%* |
After the Boost Period (Ongoing Standard Rates):
Balance Tier | Boost APY |
|---|---|
$5,000 or More | 3.75%¹ |
Under $5,000 | 0.25%¹ |
To qualify, you must use promo code CITBoost when opening your account. The boost lasts six months from account opening, after which you automatically roll into CIT Bank’s best standard rates — no action required.
Who Should Consider This Offer?
The CIT Platinum Savings Account is great for anyone sitting on $5,000 or more in a traditional savings account — particularly those still earning the national average of around 0.39% APY (looking at some of those big brick and mortar institutions).
Let’s put the math in perspective. On a $10,000 balance over six months:
- At the national average (0.38% APY): approximately $20 in interest
- At CIT’s boosted 4.10% APY: approximately $205 in interest
That’s a big difference for doing nothing more than moving your money and entering a promo code.
This is also a strong fit for savers who want to make sure their savings are safe in this time of uncertainty. If you need a place to park your emergency fund, this is a great choice.
What To Know About The Platinum Savings Account
CIT Platinum Savings is a tiered savings account, which means the interest rate you earn depends on your end-of-day balance. During the promotional period:
- Balances of $5,000 or more earn the boosted 4.10% APY
- Balances below $5,000 earn 0.60% APY
After the six-month boost, you’ll earn 3.75% APY on balances of $5,000 or more and 0.25% APY on balances below $5,000. CIT Bank rates are variable and may change at any time.
Account Details at a Glance:
- Minimum to open: $100
- Monthly service fees: None
- Account opening fees: None
- FDIC insured: Yes
CIT Bank is a division of First Citizens Bank. First Citizens BancShares (NASDAQ: FCNCA) has more than $100 billion in assets.
How To Claim The APY Boost
Opening the account and claiming the promotional rate is straightforward:
- Go to CIT Bank’s website
- Enter promo code CITBoost during the application process.
- Fund your account with a minimum of $100.
- Maintain a balance of $5,000 or more to earn the 4.10% boosted APY.
- Earn the boost for six months, then continue earning CIT’s best standard rate of 3.75% APY automatically.
There’s no complex qualifying criteria — no direct deposit requirements, no monthly spending minimums. The promo code does the work.
For complete list of account details and fees, see our Personal Account disclosures.
¹Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
²Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of March 16, 2026.
* Platinum Savings APY Boost Promotion Terms and Conditions
This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.
Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.
The Promotion begins on February 13, 2026, and ends June 30, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions.
The promotion can end at any time without notice.
Editor: Colin Graves
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.