### Overview

CIT Bank is a **digital banking subsidiary** of CIT Group, specializing in online savings and lending products. Founded in **2009**, CIT Bank operates as a division of CIT Group Inc., which has a long-standing history in financial services dating back over a century. The bank is headquartered in **Pasadena, California, USA**.

CIT Bank offers a **mobile application** for both iOS and Android platforms, enabling customers to manage accounts, make deposits, monitor balances, and perform transactions conveniently from their smartphones.

Currently, CIT Bank receives approximately **2 million monthly visits** to its website, predominantly from the United States. The top five markets by traffic largely consist of users from **the USA, Canada, the UK, Australia, and Germany**, reflecting its growing international interest although its primary market remains the U.S.

### Key Features of CIT Bank

– **High-Yield Savings Accounts:** CIT Bank is best known for offering competitive interest rates on savings accounts, often outperforming traditional brick-and-mortar banks.
– **Money Market Accounts:** Customers can choose from flexible money market account options with tiered interest rates that reward higher balances.
– **Home Loans and Commercial Lending:** A part of CIT Group’s broader services, CIT Bank provides mortgage loans and specialized commercial financing solutions for businesses.
– **No Monthly Maintenance Fees:** Many accounts come without monthly fees, making savings growth more efficient.
– **FDIC Insurance:** Deposits are insured up to $250,000 per depositor, providing safety and security for customers’ funds.
– **Easy Online Account Management:** Full access to accounts through web and mobile interfaces ensures customers can bank anytime, anywhere.
– **Competitive Minimum Deposit Requirements:** Savings accounts often start with relatively low minimum deposits to open.

### Benefits of Using CIT Bank

– **Attractive Interest Rates:** CIT Bank consistently offers interest rates that exceed national averages, ideal for savers aiming to grow their cash.
– **Convenience and Accessibility:** The mobile app and online banking platform provide seamless banking without needing physical branch visits.
– **Strong Parent Company Backing:** Being part of CIT Group lends financial stability and trustworthiness.
– **Wide Range of Products:** From personal savings to commercial lending, the bank caters to diverse financial needs.
– **Customer Service:** CIT Bank offers reliable customer support through phone, email, and online chat.
– **Fee Transparency:** Clear information on any applicable fees helps customers avoid surprises.

### Applications of CIT Bank

– **Personal Savings:** Ideal for individuals seeking high-yield savings and money market accounts with no physical branch requirement.
– **Small Business Lending:** Entrepreneurs and small business owners benefit from commercial loans and financing tools tailored by CIT Bank.
– **Mortgage Loans:** Homebuyers and refinancers can access competitive mortgage products with CIT Bank’s lending expertise.
– **Digital Banking Users:** Customers comfortable with 100% online banking experience can seamlessly manage accounts with the CIT Bank mobile app.
– **Financial Growth Tools:** Users who prefer to manage savings aggressively and efficiently in a secure environment will find CIT Bank suitable.

In summary, CIT Bank is a robust online bank focused on delivering **competitive interest rates, fee transparency, and reliable digital financial services**, backed by the long-standing reputation of CIT Group. Its emphasis on user-friendly mobile and web platforms makes it a particularly attractive choice for tech-savvy savers and small business owners.