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CIT Bank 11 Month No-Penalty CD: Earn Expired

4.90% APY*
-25 Deal Score
287,278 Views
CIT Bank, our partner, offers the following benefits with their No-Penalty CD.

Thanks to community member psychojinx for sharing 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 10:03 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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Deal
Score -25
287,278 Views
4.90% APY*
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CIT is a subsidy of First Citizen Bank.
Awful , awful reviews

https://wallethub.com/profile/fir...-13003328i
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We've been with Ally for 10 years and never had a single complaint about them. Customer service is available 24/7 and everyone speaks intelligible English.
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Just buy them directly from Treasury. The Treasury Direct website won't win any awards for user friendliness, but it's not difficult to set up an account, the search function is very good for finding answers and it's a full service website. And of course there are a zillion resources available on the Internet.

I spoke to Fidelity about buying T-bills or bonds through them and my recollection is that there are two ways to do it, one involves fees and one doesn't. I figured for the same effort it would take to fully understand the difference, I could probably figure out the Treasury Direct site and I was correct about that.

The idea is to balance risk and get a better return than what my bank offer. UST Direct accomplish that with one stop shopping. You get a better rate and don't have to spend ungodly amounts of time chasing rates at unknown banks all over the country.
·

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HIDDENbrianmm8005-09-2023 at 09:13 AM.
Joined Aug 2016
L9: Master
> bubble2 5,155 Posts
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duckeggs
05-09-2023 at 09:45 AM.
05-09-2023 at 09:45 AM.
Quote from brianmm80 :
Lol you beat me to the post. Slick Deals sometimes amazes me. Repped.
is CIT good?
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Joined Jul 2013
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thelegaldreamteam
05-09-2023 at 09:58 AM.
05-09-2023 at 09:58 AM.
Quote from duckeggs :
is CIT good?

Svb little sister.😆
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crazycreations
05-09-2023 at 10:02 AM.

Our community has rated this post as helpful. If you agree, why not thank crazycreations

05-09-2023 at 10:02 AM.
If this bank doesnt get enoigh depositors, will they extract everything, freeze your account and go bankrupt leaving you to deal with FDIC?
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Joined Feb 2010
is PRO
> bubble2 18,471 Posts
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Binar
05-09-2023 at 10:03 AM.

Our community has rated this post as helpful. If you agree, why not thank Binar

05-09-2023 at 10:03 AM.
CIT is a subsidy of First Citizen Bank.
Awful , awful reviews

https://wallethub.com/profile/fir...-13003328i
153
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Joined Oct 2015
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goodness97
05-09-2023 at 10:12 AM.
05-09-2023 at 10:12 AM.
Quote from Binar :
CIT is a subsidy of First Citizen Bank.
Awful , awful reviews

https://wallethub.com/profile/fir...-13003328i

Thanks for pointing this out. One needs to be very careful these days.
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Joined Sep 2016
Purveyor of Cereal
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iLoveCereal
05-09-2023 at 10:13 AM.
05-09-2023 at 10:13 AM.
Quote from Threemonthtresuries :
3 month tax free treasuries
5.28%

People keep saying this, but new issues aren't that high on Fidelity. Not even close.
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Joined Jul 2010
YӨЦЯ FishyΣƧƬ ПIGΉƬMΛЯΣ
> bubble2 3,734 Posts
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Selman
05-09-2023 at 10:35 AM.
05-09-2023 at 10:35 AM.
Quote from Threemonthtresuries :
3 month tax free treasuries
5.28%
Can you buy them through a brokerage like Fidelity or Vanguard or is that a bad idea?
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Last edited by Selman May 9, 2023 at 10:37 AM.

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HIDDENduckeggs05-09-2023 at 10:35 AM.
Joined Apr 2015
L5: Journeyman
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FNwoz
05-09-2023 at 10:39 AM.
05-09-2023 at 10:39 AM.
Go with their platinum savings. No sense given the difference in interest is like nothing.
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ElatedSoda4203
05-09-2023 at 10:48 AM.
05-09-2023 at 10:48 AM.
Quote from Threemonthtresuries :
3 month tax free treasuries
5.28%
Just remember folks you still have to pay federal taxes on these.
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Joined Jul 2008
You can call me "Al"
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MsGal
05-09-2023 at 11:23 AM.

Our community has rated this post as helpful. If you agree, why not thank MsGal

05-09-2023 at 11:23 AM.
Quote from duckeggs :
o_o!!!!!! is this bank of Ally worse? lol
We've been with Ally for 10 years and never had a single complaint about them. Customer service is available 24/7 and everyone speaks intelligible English.
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duckeggs
05-09-2023 at 11:25 AM.
05-09-2023 at 11:25 AM.
Quote from MsGal :
We've been with Ally for 10 years and never had a single complaint about them. Customer service is available 24/7 and everyone speaks intelligible English.
tyvm!!!!!!
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