This is not a sponsored post. I’m a CIT Bank customer and received a promotional e-mail today regarding this new high yield account. I thought I’d pass it along.

If you have $5,000 or more you’re looking to keep safe in an account that’s earning next to nothing. CIT Bank is offering a 4.75% APY Platinum Savings Account. It’s FDIC insured up to $250k.

If you’re worried you can’t maintain the $5,000 minimum balance they still have a Savings Connect account that pays 4.402% APY.

Either way you can’t lose.