Update 5/7/26: Back again. Hat tip to the reader 14 cows
Offers
- CIT Bank offers a bonus of up to $750 when you open a self-directed investment account through First Citizens Wealth. The initial SDIA opening deposit must be held for a 60-day qualifying period from the account opening date in order to qualify for the bonus. Bonus levels are as follows:
- $25 for $1000-$4999
- $50 for $5,000-$9,999
- $100 for $10,000-$49,999
- $200 for $50,000-$99,999
- $350 for $100,000-$249,999
- $750 for $250,000+
Fine Press
- Limited time offer. A bonus for a CIT Bank customer. If a customer opens multiple Self-Directed Investing accounts, only one account will qualify for the bonus. The offer is non-transferable. Promotion begins on December 5, 2024 and may end at any time without notice.
- The offer is valid when a CIT Bank customer with an existing savings or eChecking account open a new Self-Directed Investment account offered through First Citizens Wealth after 5 December 2024 and provided the following requirements are met:
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- Citizens’ First Self-Directed Investment Account (SDIA) is opened with the initial funding deposit to earn the corresponding bonus with new funds not deposited with CIT Bank. A customer can open an SDIA account with a minimum of $100, but will need to open the account with at least $1,000 to qualify for the $25 bonus.
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- The initial SDIA opening deposit must be held for a 60-day qualifying period from the account opening date in order to qualify for the bonus. Any loss or gain due to trading or market fluctuations will not be taken into account when calculating the qualifying deposit amount.
- CIT Bank will deposit the qualifying bonus into the customer’s savings or eChecking account within 30 days after the 60-day qualifying period.
- The bonus for which the customer qualifies will be deposited into the customer’s CIT Bank or eChecking savings account within 30 days of fulfilling the promotion requirements in the SDIA account. If a customer has more than one CIT Bank savings or eChecking account, CIT Bank will select the account into which to deposit the bonus.
- The customer will be considered ineligible for a bonus payment if the SDIA is not initially funded with an amount to qualify for the bonus, the qualifying deposit is withdrawn or the account is closed before the end of the 60-day qualifying period. A CIT Bank Savings or eChecking account must also be opened at the time of bonus payment to qualify.
- Bonus payments are reported as interest earned on IRS Form 1099-INT for the calendar year in which it is paid. Recipient is responsible for any applicable taxes.
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Our verdict
The good thing about this bonus is that it only requires a holding period of 60 days, most others brokerage bonuses are much longer. The downside is that the rewards themselves are much smaller. If you don’t mind manipulating these accounts then it’s worth doing, but personally I prefer my investments to just be set and forgotten. You can also get $100 by opening the deposit account first.
Hats off to him 14 cows
