CIT Bank is known for offering competitive interest rates to its customers. 

Even in a low-interest rate environment, every increase in APY can add up. But with the recent interest rate hikes by the Fed, retail banks will be able to start increasing their rates to compete for the privilege of holding on to your savings. 

CIT Bank is setting itself up to win the race for your savings account by raising its offered APYs. But it’s upped the stakes with a limited-time bonus offer that includes a free year of Amazon Prime. We're partnering with CIT Bank to share what they have to offer.

If you want to skip right to it - check out CIT Bank’s Money Market Account here, and get one year free of Amazon Prime >>

CIT Bank's Money Market Account

Before we dive into the new promotion, let’s take a look at CIT Bank’s money market account. After all, you want to make sure that the account is solid before jumping aboard for a limited time offer. 

The good news is that CIT Bank’s money market account consistently lands in our top ten picks of money market accounts available. That’s because the account often has one of the highest interest rates available to consumers. 

As of now, you can get 0.55% APY. Since the national average APY for money market accounts is 0.08%, there is a big opportunity to build savings. 

You won’t run into any tiers or minimums with this account that offers a consistently high APY. It’s clear that you’ll find a worthwhile place to stash your savings in this money market account.

CIT Bank Offers Free Amazon Prime

Now that you know the CIT Bank money market account is worth signing up for, it’s time to talk about a new perk offered to new customers. You can get a free year of Amazon Prime membership, which is valued at $139. 

Even if you already have Amazon Prime, you can take advantage of this offer for the next year. 

Here’s how to get the bonus.

Open A CIT Bank Money Market Account

First things first, head over to CIT Bank to open a money market account. During the signup process, use the promo code AMZN22. 

It should only take 5 minutes to open your new account. But be prepared to provide your phone number, home address, email, and Social Security number. Additionally, track down your funding account's account number and routing number. 

Fund Your Account

In addition to opening a CIT Bank money market account, you’ll also need to fund your account within 15 days with at least $15,000. The requirements don’t stop there. You must maintain a minimum balance of at least $15,000 for 60 days following the 15 day funding period. 

If you fund the account with just the minimum opening balance of $100, you’ll still get access to the attractive APY. But you’ll miss out on the free Amazon Prime membership.

With the rather hefty required deposit, this could be a great place to stash your emergency savings or the money you’ve set aside for a major goal.

Enjoy Your Prime Membership

After the 60 days following the 15 day funding period, CIT Bank will take a look to see if you’ve met the requirements for the free Amazon Prime membership. 

Accountholders that meet the requirements will receive an email with their Amazon Prime membership code. You can take that code over to your Amazon account for your free year of Prime. 

Beyond tapping into a free year of Amazon Prime, you’ll also be able to watch your savings grow within the CIT Bank money market account. With an above-average APY, you can tap into some earning potential instead of allowing your savings to collect dust in a traditional low-yield savings account. 

Are you ready to sign up for the CIT Bank Money Market Account? Don’t wait. Make it happen today.

Bottom Line: Should You Work With CIT Bank?

CIT Bank offers customers a suite of accounts with relatively high yields and low fees. Even without the enticing free Amazon Prime membership, CIT Bank is worth considering as a long-term solution to your banking needs.

If you want to learn more about CIT Bank as a whole, check out our full review. But if you are ready to sign up for the CIT Bank Money Market Account, then move forward now.