Additional information of Money Market account
CIT Bank online bank offers the Money Market account as another alternative within the remunerated accounts. Money market accounts are a type of savings account that is allowed to invest in certificates of deposit and in public and private bonds of high security and liquidity.
This product applies a variable interest rate, which will be modified from time to time, according to the evolution of official interest rates.
Normally, the rates of money market accounts are above those of savings accounts, so it is advisable to bet on this type of product, since it is also covered by the FDIC up to $250,000 dollars, so it is totally safe.
In addition, the Money Market account allows you to withdraw money through transfers or the use of checks, free of charge up to 6 times a month. It also does not charge any monthly fee for having it open nor is it necessary to meet a minimum balance to obtain the highest profitability.
CIT Bank's Money Market account is totally online, so you can sign up for it through the internet and without paperwork, and manage it online from anywhere through the bank's website or smartphone app.
In addition, CIT Bank has launched its new Savings Connect account, which offers one of the highest returns in the market, starting at just $100 and with full availability.
Español: Cuenta Money Market de CIT Bank