CIT Bank offers online accounts that can be opened anywhere in the US.
CIT Bank; Alyssa Powell/Business Insider
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CIT Bank is offering a one-year Amazon Prime subscription worth $139 when you open a money market account.
To qualify, you must use the promo code, deposit at least $15,000, and store the money for 60 days.
The Amazon promo code expires on March 23, 2024.
Read the full review of CIT Bank on Insider.
CIT Bank is CIT Bank Money Market Account when you open a new CIT Bank Money Market Account (Amazon Prime Offer). A one-year Amazon Prime subscription is worth $139.
To qualify for the unique bonus, you’ll need to fulfill the following requirements:
Use the promo code “AMZN22” when you open the accountDeposit at least $15,000 in the account within the first 15 daysMaintain $15,000 in your account for 60 days after the 15-day funding period
CIT Bank will email you an Amazon Prime membership code around 60 days after you’ve fulfilled all of the requirements.
Compare savings accounts
If you currently have an Amazon Prime membership, you may use the code to renew Amazon Prime for an additional year. The Amazon Prime code may be used until March 23, 2024. After this date, your code will expire, and you won’t be able to sign up for a free subscription.
You have the option to open the CIT Bank Money Market Account (Amazon Prime Offer) as a custodial account, but keep in mind that the free year of Amazon Prime isn’t included with custodial accounts.
More on the CIT Personal Money Market Account
The CIT Bank Money Market Account (Amazon Prime Offer) is featured in our best money market account guide.
You may like the CIT Bank Money Market Account (Amazon Prime Offer) if you want to earn a competitive interest rate on a bank account. It also doesn’t have monthly service fees, so you won’t need to pay a bank fee to maintain the account.
The main downside to this account is that CIT Bank won’t give you paper checks or a debit card. Other financial institutions might make it easier to access the funds in your money market account.
How CIT Bank works
CIT Bank is a division of First Citizens Bank. In January 2022, First Citizens Bank announced that it completed its merger with CIT Bank. CIT Bank is continuing to offer distinct bank account options from First Citizens Bank, and current customers will also have the same products and services.
You can open online CIT savings, checking, CD, and money market accounts from anywhere in the US.
CIT Bank’s mobile app has 4.6 out of 5 stars in the Apple Store and 4.3 out of 5 stars in the Google Play store.
The bank has 24/7 customer support through live chat. If you’d like to speak to someone over the phone, call from 9 a.m. to 9 p.m. ET on weekdays or 10 a.m. to 6 p.m. ET on weekends.
Your deposits are FDIC insured for up to $250,000, or $500,000 for joint accounts.
How the CIT Bank account bonus compares
CIT Bank, Investors eAccess, and Chase have special offers featured in our best bank account promotions guide. Below, you can see how the three offers compare.
Keep in mind that Chase and Investors eAccess accounts may have monthly service fees.
CIT Bank
Wells Fargo
Chase
Bank account bonus
Free one-year subscription to Amazon Prime
Bank account bonus
$200
Bank account bonus
$200 or $100
Offer expires on
March 23, 2024
Offer expires on
September 30, 2022
Offer expires on
October 19, 2022
CIT Bank Money Market AccountWells Fargo Everyday Checking AccountChase Total Checking®
Your decision between these three bank account bonuses may come down to which accounts you want to open, and whether you prefer a cash bonus or a free subscription.
Most banks with cash promotions require you to open a checking account. For example, Wells Fargo has a welcome bonus of up to $250 if you open a new Wells Fargo Everyday Checking Account. Chase has two account bonuses: a $200 bonus for Chase Total Checking® and a $100 bonus for Chase Secure Banking℠.
CIT Bank is a bit different in that it offers a promotional offer through a money market account. Also, instead of offering a cash promotion, you can get a one-year subscription to Amazon Prime — for reference, a one-year subscription to Amazon Prime comes out to $139.
If you don’t have a preference, your choice could depend on how easy it is for you to qualify for one bonus over another.
To be eligible for the Wells Fargo bonus, you’ll need to receive at least $1,000 in direct deposits 90 days within opening the account.
Chase lets you earn a bonus on Chase Total Checking® if you set up direct deposit in the first 90 days; if you open Chase Secure Banking℠, you’ll need to make at least ten transactions during the first 60 days.
CIT Bank will require you to deposit at least $15,000 during the first 15 days. You’ll need to maintain this amount for 60 days after the funding period to get a one-year Amazon Prime subscription.