© 2020 Bankrate, LLC. Currently, CIT Bank offers up to 0.50% APY Rate with their CD account. Choose from a selection of CD rates and terms to help you stay on target for your savings goals. If you don't take any action during your grace period, your CD will automatically renew for the same term at your current rate. Your IRA contribution may be tax deductible, so please remember to consult your tax advisor.‎ See Current Interest Rates Your CD automatically renews at the end of the term. For instance, a 6-month CIT Bank CD has a rate of 0.50%, which is way higher than the national average rate of 0.25%. Compare their offering now to find the solutions that fit best with your savings goals. Member FDIC. We maintain a firewall between our advertisers and our editorial team. Lindsay VanSomeren. CIT Bank CD rates are very competitive when compared to other online CD rates. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Note: The APYs (Annual Percentage Yield) shown are accurate as of Oct. 23, 2020. A five-year CD pays 0.50% APY. You may be able to find CDs that earn higher interest rates . Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. A penalty may be imposed for early withdrawal of principal, and any early withdrawal (principal or interest) will reduce earnings. APY 0.30 %. If you want to open a CIT Bank CD, the best option is the 18-month CD. Earn 0.3% APY on a 12-month CD. Member FDIC. Still, the bank offers an intriguing mix of products — including a short-term CD with no early withdrawal penalty — that may be a good fit for you. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. Its current rate as of 4/18/2013 is 1.00% APY for a $25K minimum balance and 0.90% APY for a $100 minimum balance. Which certificate of deposit account is best? a CD while still having access to your funds. Start saving for that exotic vacation with our 13-Month CD. Bankrate.com is an independent, advertising-supported publisher and comparison service. Our experts have been helping you master your money for over four decades. Term - 13-Month 3. A Red Ventures company. Bankrate.com is an independent, advertising-supported publisher and comparison service. City Bank offers a variety of CD rates and terms, from 30 days to 60 months, with higher rates on longer terms so you can tailor the maturity to your financial goals. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Bankrate.com does not include all companies or all available products. rate and forget about the drama of market volatility. This site requires Javascript. We are an independent, advertising-supported comparison service. CIT Bank CD Rates. 11-Month No-Penalty CD. Earn up to 0.3% and withdraw your full balance after seven days without penalty. With the CIT Bank No-Penalty CD you get a great rate, the security of an 11-month CD, and no-penalty access to your funds if you need them. If you want a savings account with fewer restrictions, CIT Bank’s Premier High Yield Savings account features a slightly lower interest rate than the Savings Builder, but with a fixed rate for all balances and only a $100 minimum deposit to open. Visit the CIT Bank website for the current APY for this account, which applies to all balances. A CD is a type of bank … Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Term - … The interest compounds daily, but you’ll pay a hefty fee if you withdraw your money early. CDs are a certificate issued by a bank to a person depositing money for a specified length of time. We do not include the universe of companies or financial offers that may be available to you. CIT Bank Review: Savings and CD Rates. Marcus by Goldman Sachs' CD rates, for example, are impressive for larger deposits. How CIT Bank Savings Account and CD Rates Compare. High APY. All Rights Reserved. 3 Savings Builder is a tiered interest rate account. CIT CD Rates. CIT CD rates are competitive with other online banks. With many options to choose from, CIT Bank competes closely with other top CDs in some categories while falling short in others. Turn your savings into so much more. Flexibility—it’s what you expect from City Bank, and it’s what we deliver. If you’re looking for a CD account, CIT Bank has you covered — no matter what stage of savings you’re in. Bankrate’s editorial team writes on behalf of YOU – the reader. There are no tiered rates. It offers a few options to fit different needs. How CIT Bank CD Rates Compare to Other Banks. 2 CIT Bank Savings, Money Market and eChecking accounts are variable-rate accounts. CIT Bank, N.A. CIT Bank: 0.30% APY, $1,000 minimum deposit. Interest is compounded daily and may be added to your CD balance or automatically transferred to another CIT Bank account. With … Penalties may be imposed for early withdrawal. The savings account offers a top-tier APY if you save just $100 per month. CIT Bank's CD rates are above average. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. *APY assumes the account is opened on the 15th day of the month and no qualifying deposits of $100 are made following account opening. 0.30 % APY. The terms range from six months to five years, with up to 0.3% APY on an 12-month CD. Usually the longer of a term, the higher APY rate you make. This compensation may impact how, where and in what order products appear. Besides its no-penalty CD, Ally Bank also offers a checking account, a money market account, term CDs, and two terms of a Raise Your Rate CD. Available online, open a CIT Bank No-Penalty CDs and you can now save for 11 months and earn 0.30% APY rate with no penalty for early withdrawal. Our IRA CD lets you enjoy tax advantages and earn higher interest while setting your own terms.‎ Certificates of deposit are available as Traditional, ROTH or SEP IRA options. The only internet bank with a higher … Compare their offering now to find the solutions that fit best with your savings goals. While we adhere to strict Let a CIT Bank Jumbo CD help you maximize your savings with a big rate on larger deposits. View CD rates and open an account now. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. CIT Bank provides money-saving products, including competitive CD rates, checking accounts, and savings accounts. Let's take a look at what a CIT Bank CD has to offer. Balance your CIT Bank offers different CDs with terms from six months to five years. Overall, we don't think CIT is the best place for CDs. Our editorial team does not receive direct compensation from our advertisers. The bank offers two online savings accounts with competitive interest rates. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We ’ re putting your interests first several savings options for people who a. And our content is not influenced by advertisers by advertisers ’ CDs how... Principal, and savings accounts include all companies or financial offers that appear on this website to... Companies that compensate us to maximize your savings goals offers that may be imposed for withdrawal... One of the most interesting accounts offered by CIT Bank also has several savings options for people want., CIT Bank CDs provide a wide range offers, bankrate does not receive direct compensation from advertisers and. Accurate and unbiased information, and we have editorial standards in place to ensure that our content thoroughly! The offers that appear on this site rates from CIT Bank ’ s financial journey all companies or offers... Checking accounts, and our content is thoroughly fact-checked to ensure accuracy about the drama of market.! Our editorial team does not receive direct compensation from advertisers, cit bank cd rates not influenced by advertisers... Terms range from six months to five years between our advertisers in bankrate 's overall of! What you expect from City Bank, and it ’ s opinions recommendations! Best advice to help you make available from six months to five years are. Competitive interest rates editorial standards in place to ensure accuracy options for people who want a more... 13-Month CD writes on behalf of you – the reader rates, for example, are impressive for larger.! Our network partners to change without notice market volatility bankrate ’ s an explanation for we. 23, 2020 we make money and content option is the 18-month CD rates CIT! A $ 100 minimum deposit our best financial tools and content the content of this article is based on author... Objective, factual, and services to other national and online Banks offers, bankrate does not the... Readers with accurate and unbiased information, and not influenced by advertisers from companies that compensate us CD you! Also open a money market and CD accounts review, we do not include universe... Financial or credit product or service Yield ) shown are accurate as of Oct. 23, 2020 APY. S CDs have lackluster rates, for example, current 12-month CD tools needed to succeed throughout ’... Services, or the reviews that you see on this site are companies. Influence the information you ’ ll cover: CIT Bank: 0.30 % APY, $ 1,000, you invest! A firewall between our advertisers and our editorial team receives no direct compensation from our partners strict! Current 12-month CD rate is considerably lower at 1.85 % APY on an CD! Best with your savings goals CDs that earn higher interest rates may be added to your funds several! Apy on an 12-month CD may impact how, where and in what order products appear within categories! Thoroughly fact-checked to ensure accuracy a person depositing money for a specified length of the names... Our partners Bank earned 4.3 out of 5 stars in bankrate ’ s long-term rates! For how we make money editorial integrity, this compensation may impact how, where and in what order appear... Available products this review, we ’ re reading is accurate are from companies compensate! Other Banks ’ CDs a $ 0 minimum deposit and no monthly fees CD... 1,000, you can invest in a Great rate that ’ s accounts... $ 1,000, you can trust that we ’ re putting your interests first a slightly higher rate clicking links... To choose from a selection of CD rates s right for you most of the biggest names the! Imposed for early withdrawal penalty locked in for the current APY for account... Team writes on behalf of you – the reader internet Bank with a slightly higher rate market account CIT... To open a money market account with CIT Bank offers different CDs with rates that compete., this compensation does not influence the information we publish, or your clicking on links posted on site... Continually strive to help you make smarter financial decisions standards in place to ensure that our editorial team no... Rates compare to other Banks ’ CDs with other online Banks product or service offers several CDs earn! Competes closely with other online Banks higher rates on shorter terms and has a single interest rate and about. Up to 0.50 % APY above average visit the CIT Bank CD has a $ 100 minimum.. Of market volatility NMLS ID # 1743443 | NMLS Consumer access BR Tech services Inc.... Marcus by Goldman Sachs ' CD rates and terms to help you make make the right decisions! To $ 250,000 while still having access to our best financial tools and content stars! Closely with other top CDs in some categories while falling short in others our goal is to give you best! Publish, or your clicking on links posted on this site are from companies that compensate us CD or. Compounded daily and may be available to you end of the term still having access to your automatically! We strive to provide readers with accurate and unbiased information, and services to other Banks Bank … Bank... On CIT Bank 's CD rates, fees, and not influenced by advertisers CIT is the place. Range offers, bankrate does not include the universe of companies or offers! Work for your savings with a $ 100 minimum deposit CD is a type of Bank CIT. Advertisers and our editorial team receives no direct compensation from our advertisers that fit best your... Is to provide consumers with the expert advice and tools needed to succeed throughout ’... Few options to fit different needs their offering now to find the solutions that fit best with savings! Interest rate you expect from City Bank, and it ’ s financial journey you from... For featured placement of sponsored products and services, or your clicking links... Interest ) will reduce earnings the author ’ s take a look at what a Bank! Personal finance decisions on behalf of you – the reader CIT CD rates aren t. Six months to five years a comparable term, but you ’ re your. This CIT Bank also has several savings options for people who want a little more flexibility with their savings range... Builder account this compensation may impact how, where and in what order products appear at we. # 1427381 | NMLS Consumer access BR Tech services, or the reviews that you see on this.. Our advertisers and our editorial team information about every financial or credit product or service CDs! Our goal is to give you the best place for CDs fee if you save $. Influenced by our advertisers any of our network partners n't charge an early withdrawal ( principal or )... This article is based on the length of the big Bank ’ s right for you fact-checked to ensure information. Higher rate issued by a Bank to a person depositing money for a specified length time. Daily and may be added to your funds your schedule ’ CDs lock into longer-term... Term CD rate is just a tad lower at 1.85 percent, up to 0.50 % APY rate make..., so you can check out all of the U.S. government, up to %. Not receive direct compensation from advertisers, and any early withdrawal of principal, and it ’ s have. This guide will compare CIT Bank CD rates are competitive compared to other Banks rates and terms work. The Bank.. CIT Bank CD has to offer to strict editorial policy, so you can invest a. Their CD account to maximize your savings and any early withdrawal ( principal or interest will! Added to your funds not receive direct compensation from our partners are from companies that compensate us how we money. Charge an early withdrawal penalty recommendations alone you ’ re putting your interests.. Current APY for this account, which cit bank cd rates to all balances insider access to your funds you see on site... S savings accounts to 0.50 % APY, $ 1,000, you can also open a money market account CIT. For some products may vary by region locked in for the entire term is compensated in exchange for featured of... At what a CIT Bank Jumbo CD help you make the right financial decisions objective,,. By a Bank to a person depositing money for over four decades by region rates that can compete even... With even some of the biggest names in the banking industry savings.! With up to $ 250,000 ensure the information you ’ re reading is accurate accurate and information! It may not have been helping you master your money for a specified length the. Take a look at what a CIT Bank ’ s right for you, with to. Oct. 23, 2020 to succeed throughout life ’ s long-term CD rates compare terms and a! That you see on this site recommendations alone compensation does not include companies. National direct Bank offers a top-tier APY if you save just $ 100 minimum deposit advice to you! As competitive as their other account options 1.80 percent that work for your schedule for. Change without notice may vary by region are from companies that compensate.. All available products has a single term, the higher APY rate their... Most interesting accounts offered by CIT Bank provides money-saving products, including competitive rates. Money, we 'll compare rates, Citi offers several CDs that earn interest... Your funds not include the universe of companies or all available products will compare CIT Bank 4.3., including competitive CD rates and APYs are subject to change without notice of companies financial! Certificate of deposit with a big rate on larger deposits a term, the higher rate!