If you’re looking for high rates of return on your savings, consider looking into a CIT Bank Certificate of Deposit (CD) account. These fixed-rate savings accounts can pay high APYs depending on how much money you invest and how long you’re willing to store your money. CIT Bank offers different CDs with terms from six months to five years. The interest compounds daily, but you’ll pay a hefty fee if you withdraw your money early.
Currently, CIT Bank offers up to a 1.86% APY Rate with their CD account. It’s easy to open an account. You just need a minimum deposit of $1,000. If you are interested, I suggest you apply soon to get this great rate.
Find more offers on our list of CIT Bank Bonuses. In addition, you can also check out other great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or BBVA.
| BONUS LINK | OFFER | REVIEW |
| CIT Bank Savings Builder | $300/$150 + 1.75% APY | Review |
| CIT Bank CDs | 1.86% APY 12-Month CD Term | Review |
| CIT Bank No Penalty CD | 1.70% APY | Review |
| CIT Bank Money Market | 1.80% APY | Review |
CIT Bank CD Summary
- Direct Link to Offer
- Account Type: CD account
- Availability: Nationwide
- Soft/Hard Pull: Soft Pull
- Minimum Balance Requirement: $1,000
- Additional Requirements: None
- Early Withdrawal Fee: Yes
- Auto-Renewal: Yes
- 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
(12-Month 1.86% APY CD Term)
Rate Requirements
Earn up to 1.86% APY with a CIT CD account.
- Submit your info. You’ll need to provide your address, phone, email and social security number (or other taxpayer ID).
- Fund your account. Minimum of $1,000 to open your account. You can transfer funds with electronic transfer, mail in check, or wire.
- You’re done! CIT Bank will send a confirmation email.
Current CIT Bank CD Rates
| CD Rates | |
|---|---|
| 6-Month Term | 0.72% APY |
| 1-Year Term | 1.86% APY |
| 13-Month Term | 1.82% APY |
| 18-Month Term | 1.85% APY |
| 2-Year Term | 1.40% APY |
| 3-Year Term | 1.30% APY |
| 4-Year Term | 1.50% APY |
| 5-Year Term | 1.70% APY |
CIT Bank CD Account Features
- No monthly fees and low minimum balance requirement of just $1,000
- Some of the highest rates available nationwide
- Daily compounded interest rate and credited monthly
- FDIC insured of up to $250,000
Fine Print
- No account opening or maintenance fees
- Daily compounding interest to maximize your earning potential
- The exceptions to this are the 13-Month CD and the 18-Month CDs:
- Upon maturity, the 18-Month CD will be automatically renewed as a 2-Year Term CD at the then-published APY
- Upon maturity, the 13-Month CD will be automatically renewed as a 1-Year Term CD at the then-published APY
- FDIC insured
Conclusion
CIT Bank offers a range of short term or long term CDs for you to choose from, perfect for anyone looking for a high and competitive APY rate. There are no fees for opening or maintaining a CD from CIT Bank. However, you may pay a fee if you withdraw your funds early.
If you are not interested or looking for more options, be sure to browse our complete list of the Best CD Rates for all your savings needs! Plus, see our complete list of Bank Bonuses for all your banking necessities!
| BONUS LINK | OFFER | REVIEW |
| Chase SapphireSM Checking | $1,000 Cash | Review |
| Chase Private Client | $2,000 Cash | Review |
| Chase Total Business Checking® | $200 Cash | Review |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| Chase Total Checking® + Chase SavingsSM | $350 Cash | Review |
| Discover Bank Online Savings | $200 Cash | Review |
| BBVA Online Checking | $250 Cash | Review |
| CIT Bank Savings Builder | $300 Cash | Review |
| HSBC Premier Checking Member FDIC | $700 Cash | Review |
| HSBC Advance Checking Member FDIC | $350 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington 5 Checking | $200 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
