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Platinum Savings APY Boost Promotion Terms and Conditions
CIT Platinum Savings APY Boost Promotion (promo code CITBoost)
1This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.
Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.
The Promotion begins on February 13, 2026, and ends May 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6- month period outlined in the terms and conditions.
The promotion can end at any time without notice.
For a complete list of account details and fees, see our Personal Account disclosures.
Your Financial Action Plan — All in One Place
From building credit from scratch to earning the highest savings rates available — we cover every step of your financial journey.
📊 What the Economy Means for Your Money Right Now
The Federal Reserve held rates steady at 3.50%–3.75% in its March 2026 meeting. Here is what that means for savers, borrowers, and credit builders.
| 🌡️ Inflation Watch ~2.8% Headline CPI. Still above the Fed’s 2% target — meaning rates stay elevated longer, which is good news for savers. | 🏭 Fed Funds Rate 3.50–3.75% Held steady March 2026. Only 1 cut projected for 2026 — high savings yields may persist well into the year. | 📈 Saver’s Window 4.10% APY Top savings rate available right now. National average is just 0.38%. Open an account before the next rate cut. |
| ① Lock In High Savings Yields Open a high-yield savings account or no-penalty CD before the Fed cuts rates again. Earn 10x the national average. | ② Build or Rebuild Your Credit Better credit = lower borrowing costs when rates eventually fall. Start building now so you’re ready to refinance. | ③ Stay Informed Weekly Our free newsletter delivers the economic updates and financial tips you need to make smart money decisions. |
💰 Best High Yield Savings Accounts & CDs Right Now
The national average savings rate is just 0.38% APY. The accounts below pay up to 10x* more — all FDIC insured, all open in under 10 minutes.
*Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of April 20, 2026.
| CIT Bank · Platinum Savings CIT Platinum Savings — Best Rate for $5,000+ Balances 4.10% APY1 With promo code CITBoost · 6-month boost · $5,000+ balance · Offer ends May 31, 2026 🎁 Use promo code CITBoost to activate the 4.10% APY for 6 months
| Min. deposit $100 Limited-Time Offer |
| Valley Bank Direct Valley Direct High Yield Savings — Best for Any Balance 4.00% APY2 2Promotional rate as of 5/10/26 · 95+ year banking heritage · $64B in assets
| Min. deposit $1,000 |
| CIT Bank · 11-Month No-Penalty CD No-Penalty CD — Lock In Today’s Rate, Keep Flexibility 3.75% APY3 Rate guaranteed for full 11-month term · Withdraw penalty-free after 7 days
| Min. deposit $1,000 Rate Guaranteed |
3APY — Annual Percentage Yield is accurate as of January 9, 2026. Interest Rates for the Savings Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account.
For a complete list of account details and fees, see our Personal Account disclosures.
FDIC insured up to $250,000 per depositor. National average savings APY 0.38% (FDIC).
💳 Best Secured Credit Cards to Build or Rebuild Credit
No credit check required. All cards report to all 3 bureaus monthly. Average opensky® cardholder gains 47 points in 6 months.
| ★★★★★ opensky® Plus Secured Visa® Card Best secured card — no annual fee + up to 10% cash back ✅ No Credit Check · All Credit Scores Welcome
| ⚡ Apply Now Learn More → Rates & Fees |
| ★★★★★ opensky® Launch Secured Visa® Card Start building credit with the smallest possible deposit ✅ No Credit Check · $150 Refundable Deposit
| ⚡ Apply Now Learn More → Rates & Fees |
*2 out of 3 opensky® cardholders who increased their score saw an average increase of 47 points after 6 months. Individual results vary.
More Ways Credit and Cents Helps You
| 💹 Personal Loans — All Credit Types WelcomeFast funding, flexible payments. Short-term loans available regardless of your credit score. Find out what you qualify for in minutes.
| 🏢 Small Business Owners — Melio PayPay and get paid by ACH for free. No setup or monthly fees. Pay vendors with a credit card even where cards aren’t accepted — and earn rewards.
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Smart Research. Honest Reviews. Better Decisions.
| 🔍 Independent Research Recommendations based on verified data — not advertising budgets. | 📊 Weekly Rate Updates We monitor rates weekly so you always see the most current offers. | 🏥 FDIC Insured Only Every savings product we feature is federally insured up to $250,000. | 🔒 Your Privacy First Accounts open on the bank’s site directly. We never collect your financial data. |
❓ Your Questions Answered
What is the best high yield savings account in 2026?
CIT Bank Platinum Savings offers up to 4.10% APY with the promo code CITBoost for balances of $5,000 or more — that’s over 10x the national average. Valley Direct offers 4.00% APY for any balance. Both are FDIC insured and can be opened in under 10 minutes.
How can I build credit fast with no credit check?
The opensky® Plus Secured Visa® requires no credit check whatsoever. It reports to all 3 credit bureaus monthly and 2 in 3 cardholders see an average score increase of 47 points in just 6 months. The $300 deposit is fully refundable.
What is the Federal Reserve doing with interest rates in 2026?
The Fed held rates steady at its March 2026 meeting, keeping the federal funds rate at 3.50%–3.75%. Only one rate cut is projected for 2026, which means high savings yields and elevated borrowing costs may persist longer than expected. This is good news for savers — but borrowers should focus on building credit to qualify for the best rates when cuts eventually come.
What is a no-penalty CD and should I open one now?
A no-penalty CD lets you lock in a guaranteed rate (currently 3.75% APY at CIT Bank) for 11 months, but you can withdraw your full balance + interest with zero penalty after 7 days. With rates expected to fall, locking in today’s rates now is a smart move for money you don’t need immediate access to.
How does building credit help me in today’s economy?
With borrowing costs still elevated, having a strong credit score directly impacts the interest rates you’re offered on mortgages, car loans, and personal loans. Every point you build now puts you in a better position to refinance at a lower rate when the Fed eventually cuts more aggressively. Starting with a secured credit card is the fastest proven path to building credit from scratch.
What does Credit and Cents’ newsletter cover?
Our free weekly newsletter covers Federal Reserve decisions and what they mean for your wallet, the best savings rates available that week, credit-building tips, inflation data explained in plain English, and actionable financial moves for the current economic environment. It’s read by thousands of people every week and is completely free with no spam.
Start Your Financial Journey Today
Whether you’re earning more on your savings, building credit from scratch, or staying informed about today’s economy — Credit and Cents has you covered.
Take the first step right now.
*CIT Platinum Savings 4.10% APY with promo code CITBoost, offer ends May 31, 2025. $5,000+ balance required. FDIC insured. opensky® average score gain based on cardholders who increased their score after 6 months. Individual results vary. Credit and Cents is not a lender or bank.
About Credit and Cents (Updated May 2026)
Credit and Cents is a personal finance resource dedicated to helping Americans build credit, grow their savings, and make informed financial decisions in the current economic environment. We provide independent research, honest product reviews, and up-to-date economic analysis so you can act with confidence.
Our featured products — including high yield savings accounts from CIT Bank and Valley Direct, secured credit cards from opensky®, and personal loans for all credit types — were selected based on their ability to deliver real, measurable financial improvement for our readers in today’s high-rate environment.
With the Federal Reserve holding rates at 3.50%–3.75% and only modest cuts expected in 2026, now is the single best time in years to lock in high savings yields and begin building the credit score that will serve you when borrowing rates eventually fall. Our free newsletter delivers these insights to your inbox every week.
Explore our full guides: Best High Yield Savings Accounts 2026 ·
Best Secured Credit Cards to Build Credit ·
Economic Insights Blog ·
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