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CIT Bank 11 Month No-Penalty CD: Earn Expired

4.90% APY*
-24 Deal Score
295,932 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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Featured Comments

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

https://wallethub.com/profile/fir...-13003328i
·
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.
·
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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Joined Apr 2009
L7: Teacher
> bubble2 2,095 Posts
269 Reputation
ashhong
10-26-2023 at 06:51 PM.
10-26-2023 at 06:51 PM.
Quote from FNwoz :
Go with their platinum savings. No sense given the difference in interest is like nothing.

Isn't this a bit better in case the savings drops over the next 11 months?
Reply
Joined Apr 2015
L5: Journeyman
> bubble2 807 Posts
54 Reputation
FNwoz
10-26-2023 at 06:55 PM.
10-26-2023 at 06:55 PM.
Quote from ashhong :
Isn't this a bit better in case the savings drops over the next 11 months?

Perhaps but so far the rate has gone nothing but up. If it were to change you could always look around at that point. A CD would lock the rate which is nice but you have to wait for it to mature as well.
Reply
Joined Feb 2010
L3: Novice
> bubble2 207 Posts
273 Reputation
jimreally
10-27-2023 at 07:27 AM.
10-27-2023 at 07:27 AM.
Raisin.com. Choose your interest rate currently the highest rate is 5.5%
Reply
Joined Nov 2011
L6: Expert
> bubble2 1,831 Posts
696 Reputation
capitol9000
10-28-2023 at 07:08 AM.
10-28-2023 at 07:08 AM.
Pay to play. Brokered 11 month JP morgan cds are at 5.8%
Reply
Joined Dec 2009
Coffee Rules
> bubble2 144 Posts
26 Reputation
oingo456
10-28-2023 at 12:39 PM.
10-28-2023 at 12:39 PM.
Save yourself the trouble and look at the rates on raisin.com 5.27% for savings, 5.40% for no penalty CD. Lots of banks to choose from. All are insured.
1
Reply
Joined Feb 2016
...confuzed
> bubble2 3,290 Posts
650 Reputation
dazedxxx
10-29-2023 at 08:36 PM.
10-29-2023 at 08:36 PM.
Quote from capitol9000 :
Pay to play. Brokered 11 month JP morgan cds are at 5.8%

Yes, but they are callable...and this is the perfect market for that to happen, should rates drop IMO.

https://www.google.com/url?sa=t&s...zy-_OmkVpd
Reply
Last edited by dazedxxx October 29, 2023 at 08:51 PM.
Joined Aug 2011
L4: Apprentice
> bubble2 354 Posts
76 Reputation
justinmarguet
10-30-2023 at 07:34 AM.

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

10-30-2023 at 07:34 AM.
Quote from Axlrose2001 :
Whats the ticker symbol of T bill on fidelity? Simply put how do you buy them on fidelity and is there a limit on how much money you can invest in at a T bill?
On Fidelity.
Products tab -> Fixed Income menu item -> Search for Investments button -> U.S. Treasury Row -> select the length of your investment. Select the one your want to bid on an how many. You pay the discounted price and get the face value of the bond at the end.
1
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Joined Feb 2023
L6: Expert
> bubble2 1,088 Posts
114 Reputation
oasisallure
10-30-2023 at 07:39 AM.
10-30-2023 at 07:39 AM.
Quote from duckeggs :
is CIT good?

their online interface sucks
Reply
Joined Aug 2016
L9: Master
> bubble2 5,506 Posts
312 Reputation
duckeggs
10-30-2023 at 06:01 PM.
10-30-2023 at 06:01 PM.
Quote from oasisallure :
their online interface sucks
agreed. been using it for months and its so bad. but then again there are no problems with the service and i check it like once a month, so i can manage
Reply
Joined Dec 2007
L8: Grand Teacher
> bubble2 3,523 Posts
592 Reputation
iahawks550
10-31-2023 at 04:20 AM.
10-31-2023 at 04:20 AM.
Pretty crazy there are now options for 5 year cds over 5%. That's not good for those thinking mortgage rates will be falling any time soon.
Reply
Joined May 2019
New User
> bubble2 1 Posts
10 Reputation
dchung1230
11-05-2023 at 03:11 PM.
11-05-2023 at 03:11 PM.
Citizen just failed, is this related?
Reply
Joined Sep 2011
L4: Apprentice
> bubble2 483 Posts
50 Reputation
Jeff630
11-07-2023 at 07:27 AM.
11-07-2023 at 07:27 AM.
There are banks that's do savings at 5.25, why bother with CD? I use vivo bank and their GUI is barebone but works fine
Reply
Joined Apr 2020
L10: Grand Master
> bubble2 8,565 Posts
523 Reputation
SlickCrowd6832
11-07-2023 at 04:56 PM.
11-07-2023 at 04:56 PM.
Quote from dazedxxx :
Yes, but they are callable...and this is the perfect market for that to happen, should rates drop IMO.

https://www.google.com/url?sa=t&s...zy-_OmkVpd [google.com]
i am getting 5.45% through merrill edge with 3 month cds non callable. I am getting 5.39% in a money market account. And if you have 100k you can open a high yield savings account paying 5.02%
1
Reply
Joined Apr 2020
L10: Grand Master
> bubble2 8,565 Posts
523 Reputation
SlickCrowd6832
11-07-2023 at 04:57 PM.
11-07-2023 at 04:57 PM.
Quote from Jeff630 :
There are banks that's do savings at 5.25, why bother with CD? I use vivo bank and their GUI is barebone but works fine
5.02% vs 5.34% that is why I am doing cds.
Reply

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Joined Nov 2014
L4: Apprentice
> bubble2 409 Posts
26 Reputation
zmm61
11-07-2023 at 05:23 PM.
11-07-2023 at 05:23 PM.
Did CIT bank app just updated? I could not sign in.
Reply
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