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CIT Bank 11 Month No-Penalty CD: Earn Expired
4.90% APY*
CIT Bank, our partner, offers the following benefits with their No-Penalty CD.
Thanks to community member psychojinx for sharing this deal.
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
Original Post
Written by
Edited May 9, 2023
at 10:03 AM
in
Finance
CIT Bank
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Awful , awful reviews
https://wallethub.com/profile/fir...-13003328i
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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You are wrong and clearly have little to no knowledge here. In the rare times the FDIC takes over a bank that usually happens on a Friday when business closes. The takeover happens during the weekend and all funds are fully liquid Sat or Monday. So clearly you have no idea what you are talking about. You are not dealing with the FDIC, that is also wrong. Almost every single bank is taken over by another bank. .FDIC takeovers are very rare. Do you have any other ideas about banking or finance?
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.
Link to treasure site please
Don't trust strangers on the internet but I googled it for you: https://www.treasurydir
If you need liquidity, then Wealthfront pays 4.9%, FDIC insured and gives you a Debit card. I like their service.
If you think rates are headed down, then buy some longer term instruments that will stills give you a better yield.
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I hope this is just laziness and not a real question on what/how to calculate or for that matter even get a ballpark understanding on what your money will earn.....
APY = Annual Percentage Yield. If you put in $20,000 you wont earn the said 4/5/6% etc rate for the full year unless you invest for the full 12 months. People here and on the Treasury threads who come in and think they'll get the said rte for 6 months is TOO DAMM HIGH!
There are online calculators as Highlander noted man that will give you what you need.
Shahhere
You're not wrong.
Off the top of my head...just under $900
So many better alternatives exist for sophisticated investors - Treasury Bills, TIPS, etc.
In current environment bank savings accounts and even CDs are (mostly) a bad deal.
So many better alternatives exist for sophisticated investors - Treasury Bills, TIPS, etc.
In current environment bank savings accounts and even CDs are (mostly) a bad deal.
Why is that when some CDs are paying out 6.25% for 11m?
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So many better alternatives exist for sophisticated investors - Treasury Bills, TIPS, etc.
In current environment bank savings accounts and even CDs are (mostly) a bad deal.