Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Sorry, this deal has expired. Get notified of deals like this in the future. Add Deal Alert for this Item
Frontpage

CIT Bank 13-Month CD, Earn Expired

4.65% APY*
($1,000 Minimum Deposit)
+32 Deal Score
257,536 Views
CIT Bank offers 4.55% > now $4.65% APY* on 13-Month CD with a minimum $1,000 Deposit.

Thanks to staff member LD7 for finding this deal.

Features:
  • No account opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • FDIC insured
  • *See site for details
  • Deal Image
Deal Image
See Deal

Original Post

Written by
Edited November 14, 2022 at 12:37 PM by
CIT Bank, our partner, offers the following benefits with their 13-Month Term CD.
  • No account opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • FDIC insured
  • See site for details
Slickdeals may be compensated by CIT Bank
Add Comment
Reply
in Finance CIT Bank
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.

Check Out Similar Finance Deals

View All
Frontpage
$100 Uber eGift Card (Email Delivery) $85
$85
92 62
Popular
YMMV: Purchase $70 Xbox/Microsoft Gift card w/ Amex Offers: Get $15 cash back
11 19
Target App YMMV offer: $5 for downloading app $0.01
3 3
Popular
$499.95*: Breville Barista Express Espresso Machine (BES870BSXL, Black Sesame) + 10% Back w/ Prime Visa Card at Amazon
18 12
[Amex Offer] Targeted offer: American Express Gift Cards Spend $300 or more, earn $20 back, up to 2 times (total of $40) $280
2 10
YMMV Amex offer - Shell Gas - Pump & App Earn 10% back on purchases, up to a total of $10$90
1 4
Deal
Score +32
257,536 Views
4.65% APY*
See Deal

533 Comments

View Forum Thread

Your comment cannot be blank.

Featured Comments

The interest to be earned for $20k for this CD is approx. $920. Then you will need to deduct federal and state taxes from $920. Tax amounts depend on your tax brackets. For simplicity, let's use 25% for federal and 9% for state. So your final earned interest will be:


$920 - ($920 x (25% + 9%)) = $607.2

You can use above example to plug in your real tax bracket percentages to get your own number. It's a bit difficult to show the calculation of interest on here but you can find interest calculator on web.
·
I think by February-March next year we may see peak in interest rates being offered by banks. I would not advise to lock money for long term yet.
·
I don't have a dog in the race here but out of curiosity I checked the website at the OP's link:
·

Sign up for a Slickdeals account to remove this ad.

Joined Dec 2009
L3: Novice
> bubble2 181 Posts
26 Reputation
prozario
05-18-2023 at 08:25 PM.
05-18-2023 at 08:25 PM.
just got brokered CD today (FDIC insured) - 1 year 5.25% - last week got some at 5.15%
Reply
Joined May 2007
L5: Journeyman
> bubble2 555 Posts
243 Reputation
drivenZ
05-19-2023 at 01:47 PM.
05-19-2023 at 01:47 PM.
Quote from dg0129 :
I'm getting 4.85 from them in my savings account that I can withdraw at any time. Why would anyone get this if they can get higher in a savings account where you can access the money at any time?
debt ceiling gets raised and inflation goes down your rate could potentially drop like a rock in the next several months.

rates aren't going much higher from here. If you have money to park that you don't need for a while, best to lock it up.

If anyone is buying treasuries, the next week or two is your best bet given the political theatre that's occurring.
Reply
Last edited by drivenZ May 19, 2023 at 01:49 PM.
Joined Jan 2007
L5: Journeyman
> bubble2 586 Posts
24 Reputation
dtwizzy
05-19-2023 at 01:51 PM.
05-19-2023 at 01:51 PM.
Quote from flamedduck :
Marcus offering 5.02% promo for 10 month CD. Easy to find link with google search.
Marcus or Nasa credit union better/easier?
Reply
Joined Feb 2020
L2: Beginner
> bubble2 64 Posts
21 Reputation
Greginator
05-19-2023 at 06:13 PM.
05-19-2023 at 06:13 PM.
Depending on what someone is after, there are plenty of banks offering high interest savings at rates north of 4% that don't require you to lock into a CD if you end up needing the funds or if rates hike again.
Reply
Joined Dec 2014
L3: Novice
> bubble2 529 Posts
274 Reputation
wnpstm85
05-20-2023 at 06:33 AM.
05-20-2023 at 06:33 AM.
10k electronically, 5k via tax return refund, so unless you are overpaying taxes that's a no go.
Ibond rate is now 3.8%
Quote from famewolf :
Strictly FYI. Credit Union's are insured for similar limits (250k) via the NCUA (National Credit Union Association) as opposed to the FDIC.

To recap for best rates:

1) Buy 10K in iBonds (I'm told you can do 10K electronically and an addiitonal 10K in paper bonds)
2) Money above that 10K into the 22 month cd paying 5%. I have a 4% 4 year cd maturing in 2 days so timing on this info was great.
3) Buy 10k more in January of iBonds.
Reply
Joined Dec 2014
L3: Novice
> bubble2 529 Posts
274 Reputation
wnpstm85
05-20-2023 at 06:34 AM.
05-20-2023 at 06:34 AM.
Marcus is solid and part of Goldman Saks. Never heard of other one. Like banks Im familiar with
Quote from dtwizzy :
Marcus or Nasa credit union better/easier?
Reply
Joined Dec 2007
Get Familiar
> bubble2 1,021 Posts
529 Reputation
micahman33
05-20-2023 at 07:07 AM.
05-20-2023 at 07:07 AM.
Much better CD deals out there - clearly this is just SD promoting stuff for pay
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Sep 2006
L7: Teacher
> bubble2 2,411 Posts
156 Reputation
robertw477
05-20-2023 at 10:14 AM.
05-20-2023 at 10:14 AM.
Quote from micahman33 :
Much better CD deals out there - clearly this is just SD promoting stuff for pay
You can get a no penalty CD (you can cash it out at any itme past 30 days) or keep it to maturity and get 14 monthst at 4.75% 12 Months 4.92%. A regular 1 YR CD 13 Months at at least 5.15% and as much as 27 months or more at that rate. When rates start to drop it will be the reverse of how they rose with each meeting dropping them .50 basis points or more. It may take a whole to totally unwind them and this yr its all guesswork. But the smok clears nobody here will mention T-Bills for maybe 10 yrs or more.
Reply
Joined Sep 2006
L7: Teacher
> bubble2 2,411 Posts
156 Reputation
robertw477
05-20-2023 at 10:15 AM.
05-20-2023 at 10:15 AM.
Quote from Greginator :
Depending on what someone is after, there are plenty of banks offering high interest savings at rates north of 4% that don't require you to lock into a CD if you end up needing the funds or if rates hike again.
On small money it doesnt matter much. But those HYSA when they start dropping the talk will be over. 5% will become 2% in a few months.
Reply
Joined Sep 2006
L7: Teacher
> bubble2 2,411 Posts
156 Reputation
robertw477
05-20-2023 at 10:16 AM.
05-20-2023 at 10:16 AM.
Quote from BluegrassPicker :
Correct. But there is no CD available at Ally where "you can take your money when you need it without penalty" other than the one currently at 4.35%, and definitely not one at 5%.

The statement "Ally offers 5.0 APY no minimum no obligation Cds you can take your money when you need it without penalty" is not correct. That's all I was pointing out. No biggie.

Thanks for the options. If there's a 5% no penalty one at Ally I'd sure like to see it so I can xfer some cash over there.

Check savebetter.com for no penalty cds.
Reply
Joined Apr 2020
L10: Grand Master
> bubble2 8,565 Posts
523 Reputation
SlickCrowd6832
05-21-2023 at 09:46 AM.
05-21-2023 at 09:46 AM.
This is pure advertisement. I am getting better rates with FDIC insured Agency Bonds.
Reply
Joined Oct 2011
L3: Novice
> bubble2 148 Posts
26 Reputation
blackmarlin8
05-21-2023 at 02:16 PM.
05-21-2023 at 02:16 PM.
I opened 27month CD with Salliemae from Savebetter for 5.15%. Very good experience with minimal info to open account.

That's best rate I was able to find for long term CDs. I wish something >5% I can find for 5+ years.
Reply
Joined Oct 2011
L3: Novice
> bubble2 148 Posts
26 Reputation
blackmarlin8
05-21-2023 at 02:17 PM.
05-21-2023 at 02:17 PM.
Quote from robertw477 :
Check savebetter.com for no penalty cds.
I opened 27month CD with Salliemae from Savebetter for 5.15%
Reply
Joined Jan 2007
L5: Journeyman
> bubble2 586 Posts
24 Reputation
dtwizzy
05-22-2023 at 11:02 AM.
05-22-2023 at 11:02 AM.
Don't really have plans for the money.
Nasa has 9months at 5.5% or 15 months at 5.3%.
What would be the most ideal? Lock in for 15 months since rates may not be the same in 9 months when it matures? Or rates going to keep going up so on 9 months it won't be a problem to find something better?
Reply

Sign up for a Slickdeals account to remove this ad.

Joined May 2007
L5: Journeyman
> bubble2 555 Posts
243 Reputation
drivenZ
05-22-2023 at 12:20 PM.
05-22-2023 at 12:20 PM.
Quote from dtwizzy :
Don't really have plans for the money.
Nasa has 9months at 5.5% or 15 months at 5.3%.
What would be the most ideal? Lock in for 15 months since rates may not be the same in 9 months when it matures? Or rates going to keep going up so on 9 months it won't be a problem to find something better?
If you definitely don't need the money I would do 15 months.
Reply
Page 23 of 36
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.