Authorization

CIT Bank has one of the best high-yield savings accounts available, and you only need $100 a month to make it worth your while

CIT Bank has one of the best high-yield savings accounts available, and you only need $100 a month to make it worth your while
hobo_018/Getty



A high-yield savings account is the best place to save for short-term goals, like an emergency fund or upcoming travel.




CIT Bank's Savings Builder account rewards accountholders who set up an auto-deposit of at least $100 a month — or maintain a balance of $25,000 or more — with its top APY of 1.85%.




The account also has no monthly maintenance fees and allows mobile check deposit via its app.




If you're serious about saving for any type of goal, CIT Bank's high-yield savings account is a great way to create momentum.




See Business Insider's picks for the best high-yield savings accounts »



A high-yield savings account is the best way to grow your money without risking a dime. But you need savings to earn interest, and for many of us, consistently putting away money is the tough part.
Business Insider recently named the best high-yield savings accounts, and one of our winners, CIT Bank, has a solution. The online bank's Savings Builder account currently offers an annual percentage yield (APY) of up to 1.85%, one of the highest rates we saw among national and online banks. But in order to earn that APY, you either have to save automatically or maintain a high balance.
Here's how it works: You need at least $100 to open a Savings Builder account. Every new accountholder earns an interest rate of 1.83% for an introductory period of a few weeks. If you set up an auto-deposit of at least $100 a month or keep your daily balance above $25,000, you'll earn the top APY of 1.85%. If you fail to do either, your APY will drop to 1.17%.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Август 2020    »
ПнВтСрЧтПтСбВс
 12
3456789
10111213141516
17181920212223
24252627282930
31