CIT Bank No-Penalty CD

in CD Accounts from CIT Bank · Member FDIC

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CIT Bank No-Penalty CD


in CD Accounts from CIT Bank · Member FDIC

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Minimum Initial Deposit $1,000
Deposit Term 11 months
APY (Annual Percentage Yield) 0.30%

CIT Bank No-Penalty CD Review

CIT Bank No-Penalty CD is offered by CIT Bank, a bank founded in 2000 and based in Salt Lake City, UT. CIT Bank No-Penalty CD is available in 50 states (and Washington, DC).

CIT Bank No-Penalty CD FAQ

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?

  • Liquid
  • Traditional

What APY does CIT Bank offer on its CDs?

CIT Bank No-Penalty CD offers an APY of 0.30% (APY stands for annual percentage yield, rates may change).

What types of terms does CIT Bank No-Penalty CD offer?

CIT Bank offers CD terms of the following lengths:
CIT Bank No-Penalty CD Rates & Terms
APY (Annual Percentage Yield) 0.30%
APY Type Fixed APY
3-Month APY N/A
6-Month APY N/A
11-Month APY 0.35%
12-Month APY N/A
2-Year APY N/A
3-Year APY N/A
4-Year APY N/A
5-Year APY N/A
7-Year APY N/A

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

CIT Bank No-Penalty CD requires a minimum initial deposit of $1,000 to open an account.

What types of early withdrawal penalties does CIT Bank No-Penalty 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 No-Penalty CD Fees
Annual Fee N/A
No Early Withdrawal Fee? Yes
Transfer Fee N/A
Rollover Fee N/A
Early Withdrawal Fee Amount N/A
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  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

Minimum Initial Deposit $1,000
Grace Period for Account Changes 10 days
No Early Withdrawal Fee  
11-Month APY 0.35%
APY (Annual Percentage Yield) 0.30%
CD Accounts
  • Liquid
  • Traditional

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CIT Bank CD Accounts