Update 9/24/25: Deal is back, APY lowered to 3.85%. If you did the previous PS2025 deal you are not eligible. Hat tip to reader Gadget
Offer at a glance
- Maximum bonus amount: $300
- Availability: Nationwide
- APY: 3.85% with a deposit of $5,000+
- Additional requirements: Use promo code and meet deposit threshold
- Hard/soft pull: Soft
- ChexSystems: Yes (comments here suggest they might be Chex sensitive)
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: Unknown
The Offer
- CIT Bank is offering a bonus to new or existing customers who transfer over funds. To get the bonus, you have to first signup/enroll using promo code PS2025 and then make one or more deposits in the following 30 days.
- Transfer over $25,000 in new deposits and get $225.
- Transfer over $50,000 in new deposits and get $300.
The Fine Print
- All funds deposited to qualify for the bonus must be new funds from a source outside CIT Bank. Funds already on deposit with CIT Bank are ineligible.
- CIT Bank will deposit the qualifying bonus into the customer’s enrolled account within 60-days following the 30-day funding period. The enrolled Platinum Savings account must be open at the time of the bonus payment to qualify.
- There is a limit of one Platinum Savings promotional offer per account and per Primary customer. If multiple Platinum Savings accounts are opened, only one account per primary account owner is eligible. Custodial accounts and Trust Accounts are not eligible.
- The value of the $225 or $300 bonus will be reported as interest income on IRS Form 1099-INT for the calendar year in which it was paid. The recipient is responsible for any applicable taxes.
Avoiding Fees
Account has no fees to worry about.
Our Verdict
This is a nice bonus since the account earns 3.85% which is from the better rates out there, and with this promo you’ll earn an additional $225/$300. I like the flexibility of this offer without any hold period (just have the funds there on Day 30), and I might get in on this one. There is also a $100 checking bonus and $750 brokerage bonus.
We’ll add this to our List Of Best Bank Bonuses.
Hat tip to Eric and TJ
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
