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psychojinx 360K Views
May 9, 2023 3:22 PM

CIT Bank 11 Month No-Penalty CD: Earn

4.90% APY*

CIT Bank
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Deal Details
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

Editor's Notes

Written by qwikwit | Staff

Original Post

Written by psychojinx
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
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

Editor's Notes

Written by qwikwit | Staff

Original Post

Written by psychojinx

Community Voting

Deal Score
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Top Comments

Binar
19.2KComments
4.6KReputation
CIT is a subsidy of First Citizen Bank.
Awful , awful reviews

https://wallethub.com/profile/fir...-13003328i
Go to Comment
MsGal
18.3KComments
38.7KReputation
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.
Go to Comment
ascotnot
3KComments
589Reputation
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.
Go to Comment

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467 Comments

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May 9, 2023 4:13 PM
137 Comments
Joined Jul 2011

This comment has been rated as unhelpful by Slickdeals users.

May 9, 2023 4:45 PM
6.2K Comments
Joined Aug 2016
duckeggsMay 9, 2023 4:45 PM
6.2K Comments
Quote from brianmm80 View quoted comment :
Lol you beat me to the post. Slick Deals sometimes amazes me. Repped.
is CIT good?
5
May 9, 2023 4:58 PM
2.5K Comments
Joined Jul 2013
thelegaldreamteamMay 9, 2023 4:58 PM
2.5K Comments
Quote from duckeggs View quoted comment :
is CIT good?
Svb little sister.😆
5
5
May 9, 2023 5:02 PM
3K Comments
Joined Apr 2009
crazycreationsMay 9, 2023 5:02 PM
3K Comments

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

If this bank doesnt get enoigh depositors, will they extract everything, freeze your account and go bankrupt leaving you to deal with FDIC?
3
21
May 9, 2023 5:03 PM
19.2K Comments
Joined Feb 2010
BinarMay 9, 2023 5:03 PM
19.2K Comments

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

CIT is a subsidy of First Citizen Bank.
Awful , awful reviews

https://wallethub.com/profile/fir...-13003328i
6
9
May 9, 2023 5:12 PM
4.1K Comments
Joined Oct 2015
goodness97May 9, 2023 5:12 PM
4.1K Comments
Quote from Binar View quoted comment :
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.
2
May 9, 2023 5:13 PM
324 Comments
Joined Sep 2016
iLoveCerealMay 9, 2023 5:13 PM
324 Comments
Quote from Threemonthtresuries View quoted comment :
3 month tax free treasuries
5.28%
People keep saying this, but new issues aren't that high on Fidelity. Not even close.
1

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May 9, 2023 5:35 PM
4.3K Comments
Joined Jul 2010
SelmanMay 9, 2023 5:35 PM
4.3K Comments
Quote from Threemonthtresuries View quoted comment :
3 month tax free treasuries
5.28%
Can you buy them through a brokerage like Fidelity or Vanguard or is that a bad idea?
Last edited by Selman May 9, 2023 at 11:37 AM.
1
May 9, 2023 5:35 PM
6.2K Comments
Joined Aug 2016

This comment has been rated as unhelpful by Slickdeals users.

May 9, 2023 5:39 PM
1K Comments
Joined Apr 2015
FNwozMay 9, 2023 5:39 PM
1K Comments

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

Go with their platinum savings. No sense given the difference in interest is like nothing.
1
2
May 9, 2023 5:48 PM
8 Comments
Joined Feb 2020
ElatedSoda4203May 9, 2023 5:48 PM
8 Comments

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

Quote from Threemonthtresuries View quoted comment :
3 month tax free treasuries
5.28%
Just remember folks you still have to pay federal taxes on these.
2
3
May 9, 2023 6:23 PM
18.3K Comments
Joined Jul 2008
MsGalMay 9, 2023 6:23 PM
18.3K Comments

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

Quote from duckeggs View quoted comment :
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.
3
8
May 9, 2023 6:25 PM
6.2K Comments
Joined Aug 2016
duckeggsMay 9, 2023 6:25 PM
6.2K Comments
Quote from MsGal View quoted comment :
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!!!!!!
2
May 9, 2023 6:28 PM
1.3K Comments
Joined Jul 2006
kevolutionMay 9, 2023 6:28 PM
1.3K Comments
Quote from martyr2671 View quoted comment :
Is that no penalty?
yeah it's not a CD it's just a high yield savings but they give you +1% on current interest (4.15%+1%) for 3mo for every referral/referee
3

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May 9, 2023 6:38 PM
1.2K Comments
Joined Aug 2018
Kraken09May 9, 2023 6:38 PM
1.2K Comments
Quote from BillG7 View quoted comment :
Marcus nut sachz? What happens if you already have the 4.8% CIT no penalty CD? Does the rate increase or would you have to open a different one? I mean could you just call and have them up the number??
You would be opening a new one. They told me customers can open as many as they like. You can't alter CD's once they are setup.

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