CIT Bank No-Penalty CD
in CD Accounts from CIT Bank
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| Minimum Deposit | $1,000 |
| APY (Annual Percentage Yield) | 1.85% |
| 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 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?
- Liquid
- Traditional
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:| Description | |
|---|---|
| APY (Annual Percentage Yield) | 1.85% |
| APY Type | Fixed APY |
| 3-Month APY | N/A |
| 6-Month APY | N/A |
| 11-Month APY | 1.85% |
| 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.
| Description | |
|---|---|
| No Early Withdrawal Fee? | Yes |
Contact
- Headquarters
-
2180 S 1300 East, Suite 250
Salt Lake City, UT 84106 USA - Visit Site
Other Services by CIT Bank
Availability
- 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
| Grace Period for Account Changes | 10 |
| No Early Withdrawal Fee |
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CIT Bank CD Accounts
CIT Bank Term CD
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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
Minimum Deposit
$25,000
APY (Annual Percentage Yield)
1.2% - 1.38%
Deposit Term
- 3 years
- 4 years
Minimum Deposit
$100,000
APY (Annual Percentage Yield)
1.4% - 1.75%
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