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CIT Bank 11 Month No-Penalty CD: Earn Expired
4.80% APY*
CIT Bank, our partner, offers the following benefits with their No-Penalty CD.
Thanks to staff member LD7 for finding this deal.
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
Original Post
Written by
Edited May 9, 2023
at 08:28 AM
Created 03-31-2023
at 01:30 PM
by LD7 | Staff
in
Finance
CIT Bank
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Didn't First Citizens just acquire the assets of SVB?
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.
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That's temporary for a few months
How? That is an investment fund and not FDIC insured, carrying little risk, but still risk.
From a quick search, in the last 12 months, the yield has gone up from 0.18% to 4.77%. It can go higher or lower based on the interest rates.
From a quick search, in the last 12 months, the yield has gone up from 0.18% to 4.77%. It can go higher or lower based on the interest rates.
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It has a slightly lower rate, but more safe @ 4.70%.
VUSXX are mostly treasury securities which is essentially the same as FDIC.
If VUSXX goes down, so will FDIC, and better get stock up on canned food and guns at that point.
They're a bond, and they can go below par. Of course you'll still get your full coupon amount if you hold it to term.
But they can be worth less than face value if rates go up and you want to liquidate.
That said, T-Bills are better than VUSXX because T-Bills are tax-exempt from state taxes.
They're a bond, and they can go below par. Of course you'll still get your full coupon amount if you hold it to term.
But they can be worth less than face value if rates go up and you want to liquidate.
That said, T-Bills are better than VUSXX because T-Bills are tax-exempt from state taxes.
What you said is true for any fixed income instrument. They can all lose value when rates go up
They're a bond, and they can go below par. Of course you'll still get your full coupon amount if you hold it to term.
But they can be worth less than face value if rates go up and you want to liquidate.
That said, T-Bills are better than VUSXX because T-Bills are tax-exempt from state taxes.
I agree last week I found the APR on my saving account is only 1%. Checked my old Statements its the same. Not sure when they changed or the rate never increased. So I moved money out immediately
CD threads aren't complete w/o you commenting on t-bills. I'm just glad you're no longer shorting Tesla, phew!
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Our community has rated this post as helpful. If you agree, why not thank ctz
Vanguard website is like sh**. Plus, you can't use it like a checking account.