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CIT Bank Term CD

in CD Accounts from CIT Bank

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CIT Bank Term CD

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in CD Accounts from CIT Bank

Net Recommendation Score +100% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

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Highlights
Highlights
Community Rating

Rating not yet determined

In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
Minimum Deposit $1,000
APY (Annual Percentage Yield) 0.72% - 1.85%
Deposit Term
  • 11 months
  • 13 months
  • 18 months
  • 6 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

CIT Bank Term CD Review

CIT Bank Term CD is offered by CIT Bank, a bank founded in 2000 and based in Salt Lake City, UT. CIT Bank Term CD is available in 50 states (and Washington, DC).

Are cd accounts from CIT Bank federally insured?

Yes, your CIT Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #58978). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does CIT Bank offer?

  • Traditional

What APY does CIT Bank offer on its CDs?

CIT Bank Term CD offers an APY starting at 0.72% and ranging up to 1.85% (APY stands for annual percentage yield, rates may change).

What types of terms does CIT Bank Term CD offer?

CIT Bank offers CD terms of the following lengths:
CIT Bank Term CD Rates & Terms
Description
APY (Annual Percentage Yield) 0.72% - 1.85%
APY Type Fixed APY
3-Month APY N/A
6-Month APY 0.72%
11-Month APY 1.80%
12-Month APY 1.80%
2-Year APY 1.4%
3-Year APY 1.3%
4-Year APY 1.5%
5-Year APY 1.7%
7-Year APY N/A

What is the minimum deposit to open a CD account with CIT Bank?

CIT Bank Term CD requires a minimum initial deposit of $1,000 to open an account.

What types of early withdrawal penalties does CIT Bank Term CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

CIT Bank does not charge an early withdrawal fee.

CIT Bank Term CD Fees
Description
Annual Fee $0
Transfer Fee $0
Rollover Fee N/A
Early Withdrawal Fee Amount N/A
CIT BANK TERM CD Disclosure: CIT Bank, N.A. and OneWest Bank, a division of CIT Bank, N.A. 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 deposit insurance limit, per depositor for each account ownership category. For purposes of calculating aggregate deposits held in CIT Bank, N.A., you should include deposits held in OneWest Bank, a division of CIT Bank, N.A.
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Annual Fee $0
Grace Period for Account Changes 10
Transfer Fee $0
Minimum Deposit $1,000
11-Month APY 1.80%
2-Year APY 1.4%
3-Year APY 1.3%
4-Year APY 1.5%
5-Year APY 1.7%
6-Month APY 0.72%
12-Month APY 1.80%
APY (Annual Percentage Yield) 0.72% - 1.85%
CD Accounts
  • Traditional

CIT Bank Term CD Community Reviews

 

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Minimum Deposit $1,000 Minimum Deposit
APY (Annual Percentage Yield) 1.85% APY (Annual Percentage Yield)
Deposit Term
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Minimum Deposit $25,000 Minimum Deposit
APY (Annual Percentage Yield) 1.2% - 1.38%     0% 3%
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Minimum Deposit $100,000 Minimum Deposit
APY (Annual Percentage Yield) 1.4% - 1.75%     0% 3%
Deposit Term
  • 2 years
  • 3 years
  • 4 years
  • 5 years
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