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Harold Katzif
Harold Katzif (@guest_337287)
January 11, 2017 17:18

The interest rate rose to 1.05% APY today. One person is allowed to open multiple savings accounts with $25K and get the bonus for each one.

Curmudgeon
Curmudgeon (@guest_327358)
December 15, 2016 01:40

Looks like no credit card funding. Click on the apply for an account and this comes up:

—————————————–
To apply online you must:

Be a U.S. citizen or resident alien
Be 18 years or older
Have a U.S. address, a Social Security number, and a driver’s license or state-issued ID
Have a check or bank account number to electronically transfer money into your new CIT Bank account

jack wu
jack wu (@guest_316703)
November 18, 2016 09:44

Does this promotion also apply whoever have an saving account with citibank??

Jason
Jason (@guest_316763)
November 18, 2016 12:50

This one is CIT, not the citibank

Stan
Stan (@guest_316335)
November 17, 2016 15:16

I think William has this wrong. If you count the interest + the cash bonus you actually do better at every deposit level then if you just went to a bank with a 1.25% interest. And yeah the sweet spot for large deposits would be to open multuple $25K accounts (no mention of any limits on how many accounts you can open in the fine print). Thus $100K split across 4 accounts would get you an extra $380 on top of the $237.76 interest (thats a total of $617.76)!!!

Explain to me again how going with a 1.25% bank returning just $312.98 after 3 months is the better deal?

Stan
Stan (@guest_316559)
November 17, 2016 23:55

William promotions like this are all about 1 thing… bonus cash and effective APY. If opening multiple accounts isn’t prohibited then why not take advantage of it for maximum return? In the end it’s about a short term gain that no other bank comes anywhere close to matching for a 3 month commitment. My advice, if you have the funds then take full advantage of this promo before it goes away.

JASON
JASON (@guest_316260)
November 17, 2016 11:08

If I have 100K available, I may have my family members including me to open 4 accounts and fund each account 25K. $95×4=$380. That way will make the deal better to me. I have not gone through the application process but I don’t feel comfortable to just do 25K for the initial funding. Their fine print says that’s a must for the bonus so it just kills the deal for me, personally.

DS
DS (@guest_316257)
November 17, 2016 10:56

I’ve had an account for a few years. It is a soft pull.

AlarmingConsequence
AlarmingConsequence (@guest_888506)
January 25, 2020 22:55
  DS

I have a credit freeze on all three Credit bureaus and I’m concerned that the freeze will prevent application approval. Should I unfreeze Experian, Transunion, or Equifax?

FWIW – a second internet link indicates it is a soft inquiry (not hard), but the link does not identify which credit bureau nor cites a source.
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