Last updated on 2023-12-18
Low min. deposit balance
Convenient online banking
No physical banks
Low APY for most term deposits
$1,000 & Above | |
---|---|
12 months | 0.30% APY |
13 months | 4.65% APY |
18 months | 4.60% APY |
24 months | 0.40% APY |
36 months | 0.40% APY |
48 months | 0.50% APY |
60 months | 0.50% APY |
Receive 4.60% APY for 18 months term CD account
Receive 4.65% APY for 13 months term CD account
Receive 5.00% APY for 6 months term CD account
US$1,000 minimum to open account
Daily compounding interest to maximize your earning potential
No account opening or maintenance fees
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
A penalty of 3 / 6 / 12 months simple interest will be imposed for 6 or 12 months CDs / 13 or 18 or 24 or 36 months CDs / 48 or 60 months CDs for any early withdrawal from term CD account
Click here to go to CIT Bank website for more details
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