Competitive MMA APY with a low $100 minimum — backed by First-Citizens Bank.
Get started at First-Citizens Bank & Trust Company → Pre-qualify (where available) with a soft credit pull — no score impact.
ClearValue Rating: 4.1 / 5 — our editorial assessment (how we rate)
Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.
Savers wanting a competitive MMA rate with a low barrier to entry.
CIT Bank's Money Market Account was offering approximately 1.55% APY as of June 2026. There are no monthly maintenance fees. The $100 minimum is low relative to the category. MMA APYs are variable — verify the current rate at cit.com before opening.
CIT Bank Money Market Account — Competitive MMA APY with a low $100 minimum — backed by First-Citizens Bank. Best for: Savers wanting a competitive MMA rate with a low barrier to entry.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
CIT Bank's Platinum Savings typically pays a higher APY than the Money Market Account, but requires a $5,000 minimum balance for the top tier. The MMA is the better fit if you want a lower barrier to entry or need check-writing access. Compare live rates at cit.com at the time of decision. Source: CIT Bank official disclosure at cit.com; FDIC-insured via First-Citizens Bank & Trust Company.
CIT Bank Money Market Account features — including check-writing privileges and debit card access — should be verified at cit.com, as product features can change. CIT Bank's Money Market Account is primarily a savings-rate product; some online bank MMAs (Ally, Discover, Synchrony) are more explicit about check and debit access. If transactional access is important, confirm the specific features available before opening.
CIT Bank does not charge a monthly maintenance fee on its Money Market Account. The $100 minimum is required to open the account, but ongoing monthly fees are not a standard feature. Verify the complete fee schedule — including any potential excess-transaction fees — at cit.com before opening.
No. ClearValue Lending is not a bank, account issuer, lender, or financial advisor. This review presents publicly available editorial information about the CIT Bank Money Market Account. The account is issued and operated by First-Citizens Bank & Trust Company (CIT Bank). APYs, fees, and terms are determined solely by First-Citizens Bank & Trust Company and may change — verify current terms at cit.com before opening.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
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