CIT Bank CD Accounts, Earn Up to 4.50% APY

CIT Bank CD Accounts, Earn Up to 4.50% APY

Update: Rates have gone up again. Here are the current CD rates from CIT Bank:

LIST OF BEST HIGH-YIELD SAVINGS ACCOUNTS

CIT Bank has increased the interest rate on its 13-month Term CD.

The APY rate for this product increased to 3.50%, making it the highest rate among CIT products. It is also a very competitive rate when compared to other banks.

CIT Bank also has a 11-month No-Penalty CD with an interest rate of 2.75%. That could be a better option if you don’t want to have your money locked in for 13 months.

Offer Details

• OPEN ACCOUNT
• Minimum of $1,000 minimum to open the account.
• You can transfer funds with electronic transfer, mail in check, or wire.
• A penalty may be imposed for early withdrawal of principal, and any early withdrawal (principal or interest) will reduce earnings.
• Upon maturity, the 13-Month CD will be automatically renewed as a 1-Year Term CD at the then-published APY.
• First-Citizens Bank & Trust Company and its CIT Bank division are the same FDIC-Insured Institution. Deposits held under each name are not separately insured but are combined to determine whether a depositor has exceeded the $250,000 federal insurance deposit limit, per depositor for each ownership category. For purposes of calculating aggregate deposits, you should include deposits held in First-Citizens Bank & Trust Company and CIT Bank.

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