|Deposit Term||11 months|
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 offered 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?
What APY does CIT Bank offer on its CDs?
CIT Bank No-Penalty CD offers an APY of 1.85% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.
What types of terms does CIT Bank No-Penalty CD offer?CIT Bank offers CD terms of the following lengths:
|APY Type||Fixed APY|
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.
|No Early Withdrawal Fee?||Yes|
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
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