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CIT Bank: No-Penalty 11-Month CD- 1.85% APY

+7 Deal Score
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CIT Bank No-Penalty 11-Month CD has increased to 1.85% APY.
  • 1.85% APY ($1,000 minimum deposit)
  • Access funds, if needed. No penalty.
  • 11-month timeframe
  • No opening or maintenance fees

*You may withdraw the total balance and interest earned, without penalty beginning seven days after the funds have been received for your CD. No withdrawals are permitted during the first six days following the receipt of funds.
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Created 03-04-2018 at 03:42 PM by munzdeals92
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21 Comments

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HIDDEN
03-04-2018 at 05:30 PM
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HIDDEN
03-04-2018 at 06:53 PM
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#4
probably can make more doing a checking bonus deal for way less months.
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#5
Quote from Q-Bert
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#bitcoin 😁
Word!
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#6
I have a savings account with them, getting 1.55%, might just open a CD and move the money to it for an extra 0.30%.
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#7
Quote from phillint
:
inflation is killing your money

https://www.investopedia.com/arti...avings.asp [investopedia.com]
I long for the days of 5% rates, but considering the volatility of the market right now, this is probably the best no penalty rate out there right now and a great option to park cash with guaranteed positive returns near inflation rate
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#8
Quote from Q-Bert
:
#bitcoin 😁
#NotInsuredByFDIC
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#9
Quote from edxmon
:
I have a savings account with them, getting 1.55%, might just open a CD and move the money to it for an extra 0.30%.
I was also thinking the same. It is almost savings account if you can keep the money for 6 months. How good is this CIT bank (bank health in general)? I think, all CD's are FDIC insured.

Off-topic: How good is the Marcus by Goldman Sachs? It is offering 2.05% for 12 month CD. Did not see any clear declaration that CD's are FDIC insured though it says that Goldman Sachs is a member of FDIC.
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#10
Quote from buy4free
:
I was also thinking the same. It is almost savings account if you can keep the money for 6 months. How good is this CIT bank (bank health in general)? I think, all CD's are FDIC insured.

Off-topic: How good is the Marcus by Goldman Sachs? It is offering 2.05% for 12 month CD. Did not see any clear declaration that CD's are FDIC insured though it says that Goldman Sachs is a member of FDIC.
According to the FDIC, CDs are insured up to 255k. I would assume that if I bank is a member that would include their CDs.
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Last edited by edxmon March 7, 2018 at 11:06 AM.
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#11
Quote from qkumbr
:
#NotInsuredByFDIC
Neither are stocks, bonds, or a myriad of other investments.
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#12
Quote from Q-Bert
:
Neither are stocks, bonds, or a myriad of other investments.
We're talking about CDs, no need to go off-topic. Wouldn't expect less from a Cubs fan.
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#13
https://www.bankoncit.com/help/fr...rity/fdic/

What does FDIC deposit insurance cover?
FDIC deposit insurance covers deposits received at CIT Bank, including savings and time deposits, such as certificates of deposit. FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest.
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#14
Their website looks so basic. I wonder if they even have a mobile app and how easy it would be to move funds if needed?
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#15
Quote from nashvilleitalia
:
Their website looks so basic. I wonder if they even have a mobile app and how easy it would be to move funds if needed?
They do have a mobile app, it's even more basic than their site. Transactions are all made through the desktop site.
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Last edited by edxmon March 7, 2018 at 01:20 PM.
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