CIT Bank’s Fifth Savings Account
The Savings Builder Account is the now CIT Bank’s fifth liquid account in its product line. Two of its first savings accounts, High Yield Savings and Spring Savings, are not available for new personal accounts. Last year CIT Bank introduced two new savings accounts. First, in May 2017 it debuted the Springs Savings Account. Then came the Premier High Yield Savings Account in July 2017. In March 2018, CIT Bank introduced a Money Market with no check writing. Each new account offered a higher rate than the existing account. Customers who had the old savings accounts were free to open the new ones, but if they didn’t, they kept earning the lower rates on the old savings accounts. To CIT Bank’s credit, the Bank lists the current rates for all of these account in its Products and Rates sheet.