CIT Bank is a online bank that specializes in savings rates and CD’s with promisingly enhanced technology, features, little to no fees, and a competitively-high interest rate APY. We’ll be focusing on their “Ramp-Up” Certificate of Deposit in this post, so here’s what you should expect:
CIT Bank’s Ramp Up offer you flexible long-term CDs in 3- and 4-year terms with a minimum deposit of $25,000 for the 3-Year RampUp™ CD or $50,000 for the 4-Year RampUp™ CD and the option to increase your rate once during the term of your CD if their rates go up. Right now, you can get up to 1.38% APY on the 4-year’s term on top of no account opening or maintenance fees and your interest will be compounded daily to maximize your earning potential.
|Synchrony Bank is offering one of the best competitive rates for their various CD terms. Synchrony Bank offers 3-Month CDs to 60-Months CDs from 0.25% APY to an impressive 2.35% APY! The minimum deposit to open an of the CD accounts is $2,000. Hurry and take advantage of these great CDs rates today! Apply Now--- Synchrony Bank CD Review|
|CIT Bank is offering a competitive rate of 1.32% APY on a 1-Year CD . To sign up with CIT Bank, you are only required to be at least 18 years old and be a U.S. citizen. In addition, be sure to have a check or bank account number to electronically transfer money into your new CD account. With a wide range of CD lengths, you get to choose which account fits you the best! If you are interested, then head over and sign up for a CD account to start earning! Sign Up Now--- CIT Bank CD Review|
|Discover Bank CD: Provides you a choices with the length of your CDs ranging from 3 months to 10 years. With 3 months you get to enjoy a 0.35% APY and if you choose the 10 year term you can enjoy 2.35% APY. Discover Bank provides you the best service and keeps you in mind, so sign up today for their Certificate of Deposit account! Apply Now---Discover Bank CD Review|
|Barclays is offering rates from 0.35% APY on 3-Month CD to 2.30% on 60-Month CD. The wide variety of CD lengths allows you to be in total control of your banking experience with Barclays, while also being able to enjoy great features such as no minimum balance at opening, interest that compounds daily, as well as no hidden fees whatsoever! Apply Now---Barclays CD Review|
|EverBank is offering nationwide a range of attractive rates of 2.30% APY on a 60-Month CD with an initial deposit as low as $5,000. With Everbank, you don't have to worry about any impending fees as they offer you features such as no monthly account fee and daily compounded interest. Apply Now--- Everbank CD Review|
CIT Bank RampUp Certificate of Deposits Analysis:
First and foremost, CIT Bank only offers a 3 or 4 year’s termed RampUp Certificate of Deposits, however, you shouldn’t necessarily let that dissuade you considering that the APY is up to 1.38%, if you are willing to put in the necessary minimum opening requirement. On topic with the minimum opening, I’d have to say that it’s quite the overwhelming deposit value, however, with plenty of fine-tuned features, it may be worth it for you.
Firstly, you’re given the option to increase your rate ONCE during your CD term, if and only if their rates go up. Consistency is key with CD accounts, which is why CIT Bank emphasizes so much on the security of your CD and how you’ll stay in your original rate until maturity (even if their rates go down). On top of no account opening or maintenance fees, daily compounded interest and to further secure your well-being, your every deposit will be FDIC Insured to the maximum allowed by state.
|1.38% APY Rate||High minimum opening req.|
|No account opening or Maintenance fee||Doesn’t offer Checking or CC|
|FDIC Insured||Interest is credited monthly|
|Daily Compounded Interest|
CIT Bank RampUp CD Summary:
- Apply Now
- Account Type: Ramp Up CD Account
- APY Rates:
- 1.20%- 3 Year CD
- 1.38%- 4 Year CD
- Availability: Nationwide
- Soft/Hard Pull: Unknown
- Minimum Balance Requirement: $1,000
- Additional Requirements: None
- Early Withdrawal Fee: There is a fee if you withdraw before the the maturity date.
- Auto-Renewal: CIT Bank will notify you 30 days before the maturity date. You will have 10 days after the maturity date to cancel the auto-renewal.
CIT Bank RampUp CD Account Rates:
CIT Bank RampUp CD Account Features:
- Available in 3- and 4-year terms
- Minimum deposit of $25,000 for the 3-Year RampUp™ CD or $50,000 for the 4-Year RampUp™ CD
- Option to increase your rate once during the term of your CD if our rates go up**
- Enjoy the security of a CD and stay in your original rate until maturity, if our rates go down
- No account opening or maintenance fees
- Daily compounding interest to maximize your earning potential
- FDIC insured
CIT Bank is currently offering their Ramp-Up 4-year termed CD for an attractive 1.38% APY, if you are willing to put out $50,000 in hefty minimum opening deposit value, otherwise, you can always try the 3-Year RampUp CD at 1.20% APY for a minimum opening deposit of $25,000. Now, you can also get your hands on a Ramp-Up Plus CD account if you’re only looking at a 1-2 year’s term. An essential $25,000 minimum opening would get you 1.26% on the 1-year term or 1.27% on the 2-year term. Account is FDIC Insured up to the maximum allowed by state. There may be a fee assessed if you withdraw prior to the maturity date. Find all the Best Certificate of Deposit rates from our exclusive list nationwide!
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