Available nationwide, you can earn 3.50% APY on your funds when you open up a new CIT Bank No-Penalty CD Account!
With a CIT Bank No-Penalty CD Account, get the security of an 11-month CD! Know that you can withdraw the total balance and interest earned without penalty seven days or later after funds have been received.
Keep in mind, no withdrawals are permitted during the first six days after receipt of funds.
Update 4/2/24: The rate has decreased to 3.50% APY (from 4.90%).
CIT Bank No-Penalty CD Account Information
- Availability: Nationwide
- Expiration: None
- Credit Inquiry: Soft Pull
- Credit Funding: Unknown
- Opening Deposit Requirement: $1,000 minimum
- Direct Deposit Requirement: None
- Monthly Service Fee: None listed
- Early Termination Fees: See “Account Overview” below
- Auto Renewal: Unknown, but more than likely.
- Promo Code(s): None
Account Overview
- Minimum deposit of $1,000
- You may withdraw the total balance and interest earned, without penalty, beginning seven days after funds have been received for your CD
- No withdrawals are permitted during the first six days following the receipt of funds
- No account opening or maintenance fees
- Daily compounding interest to maximize your earning potential
- FDIC insured
Application Link
CIT Bank No-Penalty CD Account: If you’re looking for a CD with a high competitive rate, consider opening this CD account! Rest assured that your money is FDIC-insured up to $250,000!
Account Requirements
Earn a competitive rate on a new CD Account with CIT Bank today:
- Apply today: Visit CIT Bank online and open a new CIT Bank No Penalty CD Account.
- Enter your info: Provide your first and last name, address, phone, email and social security number.
- Select your term: Select a term of your choice.
- Fund your account: Make the minimum opening deposit.
- Verify information: Verify information and electronically sign your application.
- Receive a confirmation email: They’ll send a confirmation email.
Avoid Monthly Fees
There are no monthly fees involved with this CD Account.
Author’s Verdict
The CIT Bank No-Penalty CD Account offers a competitive rate on your funds with ONLY a $1,000 initial deposit!
With that said, I’ll definitely be opening an account and make the switch to earn a little more as a few of my CD Accounts are near maturity.
Let us know about your thoughts and experience with CIT Bank in the comment section below. Check back on BankDealGuy for more bank deals and the best CD rate offers!
