I believe there is a small error in the listing you provide under “Rate Decreases” for CIT Bank’s Platinum Savings. You list a decrease of 5bps falling to 4.05% for a $5k minimum. But looking at CIT Bank’s rate page I see the decrease was 10 bps falling to 4.00% for a $5k minimum.
Hi Kent, just for technical accuracy, Elevault has always been a division of Southern Bancorp Bank. They developed this fintech product about 3 years ago, and it's always been FDIC insured under Southern Bancorp Bank's FDIC Certificate. Perhaps the confusion, if any, might be because the app was "developed by TeamWALT, the innovation division of Southern Bancorp Bank".
I believe there is a small error in the listing you provide under “Rate Decreases” for CIT Bank’s Platinum Savings. You list a decrease of 5bps falling to 4.05% for a $5k minimum. But looking at CIT Bank’s rate page I see the decrease was 10 bps falling to 4.00% for a $5k minimum.
Thank you, Marion. Those darned gremlins hiding in my keyboard wreak havoc occasionally!
Hi Kent, just for technical accuracy, Elevault has always been a division of Southern Bancorp Bank. They developed this fintech product about 3 years ago, and it's always been FDIC insured under Southern Bancorp Bank's FDIC Certificate. Perhaps the confusion, if any, might be because the app was "developed by TeamWALT, the innovation division of Southern Bancorp Bank".