CIT Bank Term CD

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in CD Accounts from CIT Bank

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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
Deposit Term	6 months 12 months 13 months 18 months 2 years 3 years 4 years 5 years
APY (Annual Percentage Yield)	0.75% - 1.3%

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 0.75% and ranging up to 1.3% (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)	0.75% - 1.3%
APY Type	Fixed APY
Terms & Conditions URL	N/A
3-Month APY	N/A
6-Month APY	N/A
11-Month APY	N/A
12-Month APY	0.75%
2-Year APY	1.25%
3-Year APY	1.25%
4-Year APY	1.3%
5-Year APY	1.3%
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.

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