CIT Bank
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| Source: Reuters |
CIT Bank N.A. operates through its Internet bank BankOnCIT.com and through retail branches in Southern California. It is a FDIC insured institution offering savings accounts, certificates of deposit (CDs), small business lending and other services. The company was established in 2009 and operates as a subsidiary of CIT Group Inc. In August 2015, CIT Bank merged with OneWest Bank N.A.
As at June 30, 2017, the company had total assets of $41 billion, loans of $27 billion, deposits of $32 billion and about 3,700 employees.
Head office address:
888 E. Walnut Street
Pasadena, CA 91101
United States
Phone: 855-462-2652
FDIC Certificate Number: 58978
Routing Number: 124084834
Website: www.bankoncit.com, www.cit.com
CIT Bank Savings Account
| Rate | Min to open | Minimum daily balance | |
| High Yield Savings | 0.95% APY | $100 | $0 |
CIT Bank Term CDs
| Term | APY | Min to open |
| 6-Month | 0.72% | $1,000 |
| 1-Year | 1.22% | $1,000 |
| 2-Year | 1.30% | $1,000 |
| 3-Year | 1.30% | $1,000 |
| 4-Year | 1.50% | $1,000 |
| 5-Year | 1.70% | $1,000 |
CIT Bank Jumbo CD rates
| Term | APY | Min to open |
| 24 Month CD | 1.35% | $100,000 |
| 36 Month CD | 1.40% | $100,000 |
| 48 Month CD | 1.60% | $100,000 |
| 60 Month CD | 1.75% | $100,000 |
Rates at March 2017.