CIT Bank was named one of the Best Online Banks of 2017 in GOBankingRates‘ fifth annual rankings. The bank was selected for its competitive annual percentage yield and no monthly service fee.

CIT Bank also received Editor’s Pick Awards for best savings account and best CD account.

“We are proud to be recognized by GOBankingRates for having savings products that drive value for our customers,” said Steve Solk, president, CIT Consumer Banking. “The recognition reflects our commitment to offering value in our online banking products, as well as security and ease of use to our customers.”

To help connect Americans to the best banks and accounts of 2017, leading personal finance website, GOBankingRates, released its annual Best Banks rankings by assessing 100 financial institutions to determine the best online bank, best national bank, best savings account, best checking account and best CD account.

“For the fifth year running, GOBankingRates worked to compile its Best Banks rankings to provide our millions of users with the latest consumer financial information,” said Brett Rossmann, GOBankingRates CEO. “By showcasing the winning banks and products, we hope consumers use our research to make the best decisions for their money in 2017.”

GOBankingRates is a personal finance news and features website.