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CIT Bank 11 Month No-Penalty CD: Earn Expired

4.80% APY*
+37 Deal Score
49,129 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
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Original Post

Written by
Edited May 9, 2023 at 08:28 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
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Created 03-31-2023 at 01:30 PM by LD7 | Staff
in Finance CIT Bank
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Score +37
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4.80% APY*

142 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 Jul 2009
L5: Journeyman
> bubble2 847 Posts
49 Reputation
C47V3770
04-17-2023 at 03:27 PM.
04-17-2023 at 03:27 PM.
Quote from unami218 :
Just confirming - I've opened multiple bank accounts over the last year for checking account bonuses, and NONE of them have affected my credit.

Granted, this is a CD and not a checking account, but it's still not a line of credit - you're giving them money - so it won't affect your score.
Thanks, I figured it wouldn't be an issue since like you said, I'm giving them money. Do you know if I can have two CDs under the same account?
Reply
Joined Dec 2016
New User
> bubble2 13 Posts
14 Reputation
Jazzyjaz12
04-25-2023 at 09:56 AM.
04-25-2023 at 09:56 AM.
This CIT no penalty CD or Marcus 5% for 10 mo CD better?
Reply
Joined Jul 2009
L5: Journeyman
> bubble2 847 Posts
49 Reputation
C47V3770
04-26-2023 at 06:38 PM.
04-26-2023 at 06:38 PM.
Quote from Jazzyjaz12 :
This CIT no penalty CD or Marcus 5% for 10 mo CD better?
To me, CIT is better because you aren't' locked in for 10 months and it's just a 0.2% difference between the two.
Reply
Joined Jun 2019
L5: Journeyman
> bubble2 804 Posts
30 Reputation
BillG7
04-28-2023 at 10:59 AM.
04-28-2023 at 10:59 AM.
Quote from C47V3770 :
To me, CIT is better because you aren't' locked in for 10 months and it's just a 0.2% difference between the two.
the Marcus ball sachz is 5.15% I believe, but for 10 months. I already did the 4.8% no penalty, but im thinking of throwing a small amount into the sachz account as well.
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Joined Oct 2008
L7: Teacher
> bubble2 2,369 Posts
65 Reputation
NoSleep007
05-08-2023 at 07:55 PM.
05-08-2023 at 07:55 PM.
Anyone feels comfortable with opening bank accounts during this time of uncertainty
Reply
Joined Jan 2007
L7: Teacher
> bubble2 2,122 Posts
1,110 Reputation
psychojinx
05-09-2023 at 06:17 AM.
05-09-2023 at 06:17 AM.
This CIT Bank 11-month No penalty CD just increased to 4.90%.

was 4.80%....now 4.90%
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Joined Nov 2006
L3: Novice
> bubble2 151 Posts
106 Reputation
dbcmeplease
05-09-2023 at 07:17 AM.
05-09-2023 at 07:17 AM.
Quote from psychojinx :
This CIT Bank 11-month No penalty CD just increased to 4.90%.

was 4.80%....now 4.90%

Thumbs up. Good for people currently in a no penalty cd to open a new account at the higher rate (assuming 7 days have passed from original account opening)
Reply

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Joined Nov 2011
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> bubble2 666 Posts
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garfieldatorlando
05-09-2023 at 07:30 AM.
05-09-2023 at 07:30 AM.
Marcus has regular saving account at 5.15% for at least 3months through referral, or 5.25% if you have aarp membership. No minimal and lock in. Isn't it better than this offering?
Reply
Joined Jan 2007
L7: Teacher
> bubble2 2,122 Posts
1,110 Reputation
psychojinx
05-09-2023 at 08:42 AM.
05-09-2023 at 08:42 AM.
Quote from garfieldatorlando :
Marcus has regular saving account at 5.15% for at least 3months through referral, or 5.25% if you have aarp membership. No minimal and lock in. Isn't it better than this offering?
The interest rate on that savings account can fluctuate and change at any time to something less and for no real reason. And believe me, it will. CD's lock in your interest rate.
Reply
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