Available nationwide, you can earn competitive CD Rates on your funds when you open up a new CIT Bank Term Certificate of Deposit Account!

Update 1/9/26: The 6-month term CD and 11-month no penalty CD rates have increased to 3.75% APY (from 3.25%).

• Annual Percentage Yields (APYs) for all Term CDs are accurate as of January 9, 2026. A penalty may be imposed for early withdrawal of principal, and any early withdrawal (principal or interest) will reduce earnings.
• With a No-Penalty CD, you may withdraw the total balance and interest earned, without penalty, beginning 7 days after funds have been received for your CD. No withdrawals are permitted during the first 6 days following the receipt of funds.
• APY —Annual Percentage Yield is accurate as of November 20, 2025. $1,000 minimum deposit is required to open the account. A penalty may be imposed for early withdrawal of principal, and any early withdrawal (principal or interest) will reduce earnings. Upon maturity, the 13-Month CD will be automatically renewed as a 1-Year Term CD at the then-published APY.
• 6-Month Term CD: APY — Annual Percentage Yield is accurate as of January 9, 2026. $1,000 minimum to open the account.
• Upon maturity, CDs are renewed for the same term automatically. The exception to this are the 13-Month CD and the 18-Month CD; upon maturity, the 13-Month CD will be automatically renewed as a 1-Year Term CD at the then-published APY, and the 18-Month CD will be automatically renewed as a 2-Year Term CD at the then-published APY.
• For complete list of account details and fees, see our Personal Account disclosures.

CIT Bank CD Account Information

• CD Terms:
  • 3.25% APY 13-Month CD
  • 3.75% APY 11-Month No-Penalty CD
  • 3.75% APY 6-Month CD
• Availability: Nationwide
• Account Type: Certificate of Deposit (CD)
• Credit Inquiry: Soft Pull
• Credit Funding: Unknown
• Opening Deposit Requirement: $1,000 minimum
• Monthly Service Fee: None listed
• Early Termination Fees: A penalty will be imposed if you make a withdrawal of principal prior to the maturity date.
• Auto Renewal: Unknown, but more than likely.

Account Requirements

Earn a competitive APY on a new CD Account with CIT Bank today:

1. Visit CIT Bank online and open a new CIT Bank Term Certificate of Deposit Account.
2. Enter your info: Provide your first and last name, address, phone, email and social security number
3. Select your term: Select a term of your choice.
4. Fund your account: Make the minimum opening deposit.
5. Verify Information: Verify information and electronically sign your application.
6. Confirmation Email: They’ll send a confirmation email.

Avoid Monthly Fees

There are no monthly fees involved with this CD Account.

Author’s Verdict

CIT Bank’s CDs offers phenomenal CD Rates on your funds with ONLY a $1,000 initial deposit!

I’ll definitely be opening an account very soon and make the switch to earn a little more as a few of my CD Accounts are near maturity.

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