
1. CIT Bank – 2.45% APY
Pros:
CIT isn’t as big as those mentioned below, they’re currently offering a very healthy APY. Online only base banking, no monthly maintenance fees and interest compounds daily. Deposits are FDIC insured, that means up to $250,000 will be covered. With over $50 billion of assets, CIT makes primarily make loans to middle market companies and small businesses.
Cons:
Two requirements are in place to...