Enjoy more flexibility from your savings strategy. With CD laddering, you’ll get the short-term access you need with the higher rates from longer-term CDs you want. For this example, we’ve divided your investment among 1-, 2-, and 3-Year Term CDs, so you’ll enjoy access to a portion of your funds every year. CIT Bank Laddering Strategy Infographic.
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Editor’s Note: Choosing CIT Bank is a great choice whether you’re banking online or looking for the best return rates. See our full list of CIT Bank Deals, Bonuses, & Promotions where you can earn a $200 savings bonus and 1.32% APY Rate on a 1-Year CD.
CIT Bank Laddering Strategy Infographic
Why Laddering?
- Short-Term Access to Funds
- By staggering CD terms, you’ll always have one CD close to maturity. Which means you’ll always have access to your funds for the unexpected.
- CDs Earn Higher Rates
- CDs traditionally earn higher rates than standard savings accounts. And by reinvesting your funds back into your CD ladder, you’ll benefit from higher CD rates on longer terms.
- Safe and Secure Strategy
- CDs offer a fixed rate. Plus, they’re FDIC insured for added peace of mind.
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Author’s Verdict
If you’re on the path to invest for your future, you’re off to a great start. Often times, our investments will take away our access to our cash if we want to avoid withdrawal fees, but with this method and strategy, you can structure out your savings accordingly. Hopefully this CIT Bank Laddering Strategy Infographic guide helped you! Let us know if it did in the comment section below or help add onto our list! Let us know about your thoughts and experience with CIT Bank in the comment section below! If you’re interested in more info regarding CIT Bank offers, check out our full listing of CIT Bank Deals, CIT Bank Bonuses, & CIT Bank Promotions. Be sure to check back on BankDealGuy for more bank deals!
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