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CIT Bank 11 Month No-Penalty CD: Earn Expired

4.80% APY*
+37 Deal Score
48,306 Views
CIT Bank, our partner, offers the following benefits with their No-Penalty CD.

Thanks to staff member LD7 for finding this deal.
  • $1,000 minimum to open
  • No penalty to access funds if needed before maturity
  • No opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • Member FDIC
  • *See site for details
Slickdeals may be compensated by CIT Bank

Editor's Notes & Price Research

Written by

Original Post

Written by
Edited May 9, 2023 at 09:28 AM by
CIT Bank, our partner, offers the following benefits with their No-Penalty CD.
  • $1,000 minimum to open
  • No penalty to access funds if needed before maturity
  • No opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • Member FDIC
  • *See site for details
Slickdeals may be compensated by CIT Bank
Created 03-31-2023 at 02:30 PM by LD7 | Staff
in Finance CIT Bank
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+37
48,306 Views
4.80% APY*

143 Comments

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Featured Comments

CIT is a division of First Citizens Bank and Trust Co.
Didn't First Citizens just acquire the assets of SVB?
4.80% is good for a no-penalty CD.
For a normal CD, Marcus is offering a 10-month 5.05%.
CIT also has a savings account for 4.75% if you put in more than $5k. Keep in mind that CIT is notorious for creating new savings products with higher rates and reducing the rates of old ones without telling you.
Ally needs to match this. They just lowered theirs to 4.35% from 4.75%.

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Joined Apr 2009
L6: Expert
> bubble2 1,562 Posts
387 Reputation
nowayman
03-31-2023 at 04:05 PM.
03-31-2023 at 04:05 PM.
You can get 5%. Why would you take 4.8%?
4
Reply
Joined Jun 2004
L4: Apprentice
> bubble2 416 Posts
233 Reputation
porkmeat
03-31-2023 at 05:13 PM.
03-31-2023 at 05:13 PM.
4.80% is good for a no-penalty CD.
For a normal CD, Marcus is offering a 10-month 5.05%.
CIT also has a savings account for 4.75% if you put in more than $5k. Keep in mind that CIT is notorious for creating new savings products with higher rates and reducing the rates of old ones without telling you.
Reply
Joined Oct 2004
L6: Expert
> bubble2 1,643 Posts
173 Reputation
Passions
03-31-2023 at 05:15 PM.
03-31-2023 at 05:15 PM.
Quote from nowayman :
You can get 5%. Why would you take 4.8%?
T-bills aren't as liquid as no penalty CDs.
5
Reply
Joined Nov 2010
L10: Grand Master
> bubble2 1,725 Posts
1,222 Reputation
notaek
03-31-2023 at 09:03 PM.
03-31-2023 at 09:03 PM.
Ally needs to match this. They just lowered theirs to 4.35% from 4.75%.
Reply
Joined Dec 2018
L3: Novice
> bubble2 115 Posts
22 Reputation
BeigeLake5822
03-31-2023 at 09:33 PM.
03-31-2023 at 09:33 PM.
Quote from porkmeat