Savings: 2.45% APY with CIT

TL;DR: CIT offers a Savings Account offers a rate of 2.45% APY, one of the highest out there.

It’s always smart to keep some of your money just in cash and not as an investment for emergencies. Marcus, which I’ve mentioned before, has recently raised their APY to 2.25%. However, CIT has come out with a new savings account with an APY of 2.45%, which beats out most accounts.

CIT is also FDIC-insured, and it seems like the way they’re able to offer such a high rate is by running everything online with a very mediocre website. They pass on those savings to the customer.

The only catch is you need either a $25k balance in your account or a monthly deposit of $100 to achieve the 2.45% rate. Otherwise you get 1.17% APY.

Happy Saving!

TheJKW