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CIT Bank 11 Month No-Penalty CD: Earn Expired

4.90% APY*
-24 Deal Score
296,462 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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Edited May 9, 2023 at 10:03 AM by
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Score -24
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4.90% APY*
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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 May 2006
L10: Grand Master
> bubble2 26,264 Posts
3,389 Reputation
namlook
11-07-2023 at 05:32 PM.
11-07-2023 at 05:32 PM.
Quote from ElatedSoda4203 :
Just remember folks you still have to pay federal taxes on these.
Do a lot of people really think they don't need to declare on fed taxes when they get a 1099?
1
Reply
Joined Nov 2016
L5: Journeyman
> bubble2 565 Posts
142 Reputation
boden399
11-07-2023 at 08:14 PM.
11-07-2023 at 08:14 PM.
Quote from zmm61 :
Did CIT bank app just updated? I could not sign in.

I haven't been able to sign in for 3 days
Reply
Joined Jun 2019
L5: Journeyman
> bubble2 804 Posts
30 Reputation
BillG7
11-08-2023 at 09:43 PM.
11-08-2023 at 09:43 PM.
Quote from namlook :
Do a lot of people really think they don't need to declare on fed taxes when they get a 1099?

You would have to pay on a savings account anyway. The way I see it the extra interest you make with 4.9% gets you closer to tax free.
Reply
Joined Dec 2016
L3: Novice
> bubble2 233 Posts
153 Reputation
muhd.naveed2
11-09-2023 at 03:16 AM.
11-09-2023 at 03:16 AM.
Quote from boden399 :
I haven't been able to sign in for 3 days

The updated the app. You will need to update on your phone. The new UI is better
Reply
Joined Jul 2019
L8: Grand Teacher
> bubble2 3,929 Posts
170 Reputation
Gb1908
11-09-2023 at 01:01 PM.
11-09-2023 at 01:01 PM.
Bread Savings (comenity bank; fdic) high yield savings @ 5.15%
1
Reply
Joined Feb 2021
New User
> bubble2 6 Posts
10 Reputation
digiordi
11-13-2023 at 11:34 AM.
11-13-2023 at 11:34 AM.
Quote from Binar :
CIT is a subsidy of First Citizen Bank.
Awful , awful reviews

https://wallethub.com/profile/fir...-13003328i [wallethub.com]
Their mobile app is not great. It feels weird and outdated, many convenient features are just absent. Yet I love their Platinum Savings which pays 5.05% APY (Nov 13, 2023). It is really hard to beat this rate if you want to have an account with a big and solid bank.
Reply
Joined Feb 2021
New User
> bubble2 6 Posts
10 Reputation
digiordi
11-13-2023 at 11:38 AM.
11-13-2023 at 11:38 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.
I have been their loyal customer for a long while, until after I opened an investment account with them. This is when my experience turned completely south, it really killed all my trust in quality of their services. I am still their customer but I cannot really recommend them any longer - probably fine if you want to have just savings account, but for making investments with them - no,no, no....
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Joined Sep 2006
L7: Teacher
> bubble2 2,260 Posts
156 Reputation
robertw477
11-13-2023 at 05:48 PM.
11-13-2023 at 05:48 PM.
Savebetter dot com/raisin has 16 month no penalty CDS at 5.40%. I never had an issue with them. You can buy in any amount. So you buy several in case you need to sell. IF rates go higher, you can chase them.
Reply
Joined Jun 2023
New User
> bubble2 8 Posts
10 Reputation
Ivanhoe214
11-13-2023 at 09:22 PM.
11-13-2023 at 09:22 PM.
Quote from Gb1908 :
Bread Savings (comenity bank; fdic) high yield savings @ 5.15%

I just switched to Vio for their online only HYSA (5.25%)
Reply
Joined Aug 2011
L2: Beginner
> bubble2 65 Posts
30 Reputation
maddog12
11-14-2023 at 04:12 AM.
11-14-2023 at 04:12 AM.
Quote from jlwren :
Is the interest you earned also wrapped into the auto renew. ie, you invest $1K. At the end of the term, you now have your principal + interest. Lets say its $1,050. If you are set up to auto renew, is your new investment now have a principal of $1,050? Or do they send you the $50 and auto renew the $1K?

The send you the interest as a deposit to the linked bank account.
Reply
Joined Oct 2016
New User
> bubble2 8 Posts
14 Reputation
Corey9009
11-14-2023 at 07:12 AM.
11-14-2023 at 07:12 AM.
Not sure why this is front page hot. UFB has 5.15apy
Reply
Joined Oct 2006
L7: Teacher
> bubble2 2,009 Posts
105 Reputation
Blade107
11-14-2023 at 11:03 AM.
11-14-2023 at 11:03 AM.
Quote from Corey9009 :
Not sure why this is front page hot. UFB has 5.15apy
Could you please link to this one?

Thanks
Reply
Joined Nov 2018
L2: Beginner
> bubble2 35 Posts
14 Reputation
Buzz-light-year
11-15-2023 at 08:20 AM.
11-15-2023 at 08:20 AM.
Northwest FCU is offering 5.00% on 11 months CD...really good service.
Reply
Joined Oct 2016
New User
> bubble2 8 Posts
14 Reputation
Corey9009
11-16-2023 at 07:06 AM.
11-16-2023 at 07:06 AM.
Quote from Blade107 :
Could you please link to this one?

Thanks

https://www.ufbdirect.com/Savings...ney-market

I've had this since May
Reply

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Joined Oct 2006
L7: Teacher
> bubble2 2,009 Posts
105 Reputation
Blade107
11-17-2023 at 05:25 AM.
11-17-2023 at 05:25 AM.
Quote from Corey9009 :
https://www.ufbdirect.com/Savings...ney-market

I've had this since May

Thanks. Is this a CD or Savings?
Reply
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