CIT Bank just launched an incredible saving account promotion where you can earn up to a $300 bonus when you open a Platinum Savings account and make a deposit(s) that reaches one of two bonus tiers. This offer is available to both new and existing CIT Bank customers.
Platinum Savings already offers one of the best high-yield savings accounts available with a top-rate of 3.85% APY, more than 9x the national average1, but this offer makes it that much better! Full details below.
For more current bank offers, see our bank bonuses page. The most popular offers are from Chase Bank, SoFi, KeyBank, BMO and Axos Bank.
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CIT Bank Platinum Savings Account Bonus Offer
Open a CIT Bank Platinum Savings Account and earn a bonus when you make a deposit(s) that reaches one of the two bonus tiers within 30 days of account opening:
| Deposit Amount | Bonus Amount |
| $25,000 – $49,999.99 | $225 |
| $50,000+ | $300 |
While you don’t have to maintain the funds in your account, your Platinum Savings account must remain open when the bonus is credited.
Step-by-Step Directions:
- Open a CIT Bank Platinum Savings account with using this link.
- Enroll in the offer using promo code PS2025 (promo code automatically added if you use any links in this post).
- Deposit funds from an external source within 30 days from the account open date that meets one of the two deposit bonus tiers.
- Receive a bonus 60 days from the funding date.
Offer Details:
Availability: Nationwide
Expiration: Not announced, but it can end at any time without notice.
Household Limit: None
Direct Deposit Required: No
Early Account Termination Fee: No
Who is Eligible?
This limited time offer to qualify for a $225 cash bonus with a minimum deposit of $25,000 or a $300 bonus with a minimum deposit of $50,000 is available to New and Existing Customers who meet the Platinum Savings promotion criteria. The Promotion begins on September 23, 2025 and can end at any time without notice.
New CIT Bank Customers:
Offer valid for a New CIT Bank Customer, who, at account opening, does not have a valid CIT Bank User ID, or any open CIT Bank accounts provided that the following requirements are met:
- New customers must open a Platinum Savings account with a valid Promo Code, “PS2025.” The Platinum Savings account Bonus Promo Code will appear on the online account opening enrollment web page. The Promo Code must be used at the time of account opening. Accounts opened during the program period without the Promo Code are ineligible to receive the bonus.
- New customers must deposit at least $25,000 for a $225 bonus, or at least a minimum of $50,000 for a $300 bonus into the enrolled Platinum Savings account within the first 30 calendar days following account opening (the “Funding Period”). The single or multiple deposit(s) of $25,000 or $50,000 or more used to fund the account must come from a funding source outside of CIT Bank. Transfers from existing CIT Bank accounts will not qualify. Funds already on deposit with CIT Bank are ineligible.
- The enrolled Platinum Savings account must be open at the time of the bonus payment to qualify.
CIT Bank Customers Prior to the Promotion:
Offer valid for a Primary account owner of an existing or newly opened Platinum Savings account with a CIT Bank User ID before the start of the promotion, provided that the following requirements are met:
- Current customers with a Platinum Savings account opened prior to the promotion may enroll their current Platinum Savings account into the promotion using Promo Code PS2025 or open a new Platinum Savings account via the enrollment web page using Promo Code PS2025. After opening or enrolling the account deposit at least $25,000 for a $225 bonus, or at least a minimum of $50,000 for a $300 bonus into their enrolled Platinum Savings account within 30 calendar days (the “Funding Period”) from the date they enrolled or opened the account. 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.
- Customers without a Platinum Savings account open prior to the Promotion must open a new Platinum Savings account with a valid Promo Code PS2025 which appears on the enrollment web page for the Platinum Savings Account Bonus Promotion and deposit at least $25,000 for a $225 bonus, or at least a minimum of $50,000 for a $300 bonus into the account within the first 30 calendar days following account opening (the “Funding Period”). All funds deposited to qualify for bonus eligibility must be new funds from a source outside of CIT Bank. Funds already on deposit with CIT Bank are ineligible.
- Customers who are not the Primary account owner on a Platinum Savings account may be eligible to earn a $225 or $300 bonus by opening a new Platinum Savings account as a Primary account owner with a valid Promo Code PS2025 which appears on the enrollment web page for the Platinum Savings Account Bonus Promotion, and depositing at least $25,000 for a $225 bonus, or at least a minimum of $50,000 for a $300 bonus to the account within the first 30 calendar days following account opening (the “Funding Period”). The minimum $25,000 or $50,000 used to fund the account must come from a funding source outside of CIT Bank. Funds already on deposit with CIT Bank are ineligible. Transfers from existing CIT Bank accounts will not qualify.
- 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.
Avoiding Fees:
The CIT Bank Platinum Savings Account has no account opening or monthly service fees, so there’s nothing to worry about on this front.
About CIT Bank
CIT Bank is a division of First Citizens Bank, a publicly-traded bank (NASDAQ: FCNCA) founded in 1898 and has over $220 billion in total assets and holds $151 billion in total deposits, making it a Top 20 bank by assets.
This is an FDIC-insured bank, so your deposits are protected up to $250,000 per depositor, per insured bank, and per ownership category. This means that if you have multiple accounts at the same bank, you are insured for more than $250,000 if your funds are in different ownership categories.
The Bottom Line
Wow! What a great offer for savers. High-yield savings accounts aren’t that lucrative for banks since the yield is so high, so it’s surprising to see a bank offer a bonus up to $300 for it. It’s even more surprising that there are no time requirements to maintain the funds in the account when most bank offers do, providing flexibility for savers if they need to use some of their money.
CIT Bank isn’t a fly-by-night company either. Its parent company, First Citizens Bank, is a US top 20 consumer bank. They have over 100 years of operational experience, so there’s added peace of mind compared to smaller banks.
While all FDIC-insured banks protect your money up to the stated maximum limits, you really don’t want the hassle of sorting through that process should it happen (I know I don’t). Given their size and assets under management, stability and security are two of CIT Bank’s best features.
The one caveat of the CIT Bank Platinum Savings account is that to get the full 3.85% APY, you need to have a balance of at least $5,000, otherwise, you earn 0.25% APY instead.
I just opened this account myself. There are no savings account currently available that offers a greater return on investment than Platinum Savings; a $300 bonus + a 3.85% APY with no time commitment is a 100% no-brainer.
First-Citizens Bank & Trust Company. Member FDIC.
For complete list of account details and fees, see CIT Bank’s Personal Account disclosures.
1. FDIC. National Savings Rates Index, Retrieved 9/23/2025
