CIT Bank

CIT Bank, a division of First Citizens Bank, provides FDIC-insured banking products with a focus on online services. It offers competitive rates on savings accounts, certificates of deposit (CDs), and eChecking accounts, catering primarily to retail customers seeking convenient banking solutions. Founded in 1908, CIT has a long history in financial services, originally financing accounts receivable for small businesses. Today, it operates through digital channels, allowing customers to access their accounts 24/7 via online banking and mobile apps. CIT Bank emphasizes customer convenience and aims to deliver high-yield savings and checking options. The parent company, CIT Group, extends its services to mid-sized businesses and commercial clients, offering asset-based lending, equipment financing, and advisory services. Together, CIT Bank and CIT Group maintain a strong legacy in the financial sector, focusing on both consumer and commercial banking needs.