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CIT Bank No-Penalty CDs

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APY 4.90% Image
Min. Deposit $1,000 Image

Last updated on 2023-08-13

CIT Bank No-Penalty CDs Review

Pros Pros

Low min. deposit

Flexibility to withdraw without penalty

Convenient online banking

Cons Cons

No physical banks

No longer term of >12 months available

Deposit Details CIT Bank No-Penalty CDs APY

  $1,000 & Above
11 months 4.90% APY

 

Receive 4.90% APY for 11 months No-Penalty CDs

$1,000 minimum opening deposit

Daily compounding interest to maximize your earning potential

No opening or maintenance fees

No penalty to access funds if needed before maturity. Contact CIT Bank to withdraw your money (including any interest earned) beginning 7 days after the funds have been received.

You will have a 10-day grace period, starting with the maturity date, to make a withdrawal without being charged a penalty. Contact CIT Bank before the end of the grace period with a request to withdraw funds or they will automatically renew your CD at the original term and current rate

 

Click here to go to CIT Bank website for more details

 

About Bank About CIT Bank

CIT Bank is the online division for CIT Group Inc, a financial holding company with over a century of experience in banking. CIT Bank (online division) does not have physical branches. Online banking is available via app or website for all customers.

CIT Bank can be contacted via mail or phone. Customers can reach CIT Bank customer contact center via phone on 855-462-2652 Weekdays from 9am to 9pm ET and Saturdays from 10am to 6pm ET

CIT Bank is a member of FDIC which covers the deposits of a depositor to up to US$250,000

 

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CIT Bank No-Penalty CDs Review

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