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CIT Bank 11 Month No-Penalty CD: Earn Expired

4.90% APY*
-24 Deal Score
353,881 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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Score -24
353,881 Views
4.90% APY*
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467 Comments

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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 Nov 2003
J316: Saved By Grace
> bubble2 1,393 Posts
199 Reputation
JesusFreak
12-14-2023 at 10:40 AM.
12-14-2023 at 10:40 AM.
Quote from Binar :
Fine here you go

https://www.depositaccounts.com/b...-bank.html

same awful reviews on par with what the parent company got

Noting you had to move the goalposts to use a different ratings site…. Amusing!
1
Reply
Joined Apr 2007
L7: Teacher
> bubble2 2,782 Posts
292 Reputation
chasemyaccord
12-14-2023 at 07:33 PM.
12-14-2023 at 07:33 PM.
Quote from vasunderlakki :
https://banking.citi.com/cbol/OM/...2DE9FEF3C0 : CITI has 11 month CD with 5.25 APY for less than 100k and 5.65 APY for over 100k

That's just for new customers right? I had a CD there that matured last year and closed my account.
Reply
Joined Jan 2017
New User
> bubble2 5 Posts
10 Reputation
vasunderlakki
12-16-2023 at 05:51 AM.
12-16-2023 at 05:51 AM.
Quote from chasemyaccord :
That's just for new customers right? I had a CD there that matured last year and closed my account.

Doesn't say new customers but i'm a new customer when i opened a CD.
Reply
Joined Oct 2006
L5: Journeyman
> bubble2 682 Posts
94 Reputation
briandang98
12-16-2023 at 07:17 AM.
12-16-2023 at 07:17 AM.
Quote from chazjr :
Best CD Rates of December 2023 (Earn up to 6.50% APY)
https://www.msn.com/en-us/money/personalfinance/best-cd-rates-of-december-2023-earn-up-to-6-50-apy/a... [msn.com]
I went thru the Raisin.com and find out all products (Saving, Momey market, CDs) with highest rate and term clearly.
6.5̀̀ % 8 m CD is for resident of specific cities, min 1k, max 5k, 3 m interest penalty, only 1 for new member only.
Reply
Last edited by briandang98 December 16, 2023 at 07:29 AM.
Joined Oct 2006
L5: Journeyman
> bubble2 682 Posts
94 Reputation
briandang98
12-16-2023 at 07:45 AM.
12-16-2023 at 07:45 AM.
Quote from Binar :
Fine here you go

https://www.depositaccounts.com/b...-bank.html [depositaccounts.com]

same awful reviews on par with what the parent company go
I'm CIT customer. 2 months ago, my CD is matured I renewal but 2 days later I found out CIT had a new higher rate CD. I called them, they changed my CD to the higher right away.
3 days ago, I withdraw 2 no penalty CD by call them. After 5 min all my withraw money including the daily compound interest was deposit and available to my link CIT saving.
For me, their service is excellent.
Reply
Joined Aug 2019
Mom!! I made it to L2
> bubble2 91 Posts
18 Reputation
Mohit1908
12-18-2023 at 12:08 AM.
12-18-2023 at 12:08 AM.
Robinhood is offering 5% with robinhood gold, so you earn 5% effectively on any amount you have in your brokerage above 1200$. Also there's no lock in period since it isn't a cash deposit
Reply
Joined Nov 2008
L6: Expert
> bubble2 1,084 Posts
225 Reputation
hydrocynus
12-19-2023 at 09:09 PM.
12-19-2023 at 09:09 PM.
I am not sure why all the negative feedback. I have been with CIT for three years now and have about 80K with them. About 25k was in their 13month CD and it matured on Dec. 15. They sent me several notices and told me I have 15 days to close the CD once it matures and move money elsewhere or they would reinitiate it. I moved it to my CIT platinum savings just by sending them a secure message. They always have been prompt in answering my messages. I move $300 there from my bank every month. Their app is not.the best, but they are improving it.
Reply
Last edited by hydrocynus December 19, 2023 at 09:11 PM.

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Joined Nov 2010
L3: Novice
> bubble2 216 Posts
48 Reputation
paperinmypockets
12-21-2023 at 10:13 AM.
12-21-2023 at 10:13 AM.
CIT sucks a satchel of Richards. I closed my account there and opened an account with Ally Bank. It's been nothing but a pleasure. They've got high yield savings accounts and their customer service is incredible. It'll typically be something like within one to five minutes and you'll get somebody that's like. Hi, this is Michelle from Kansas. How can I help you?" Plus 2 day early direct deposit
2
Reply
Joined Sep 2018
L6: Expert
> bubble2 1,733 Posts
134 Reputation
gathermewool
12-22-2023 at 02:39 PM.
12-22-2023 at 02:39 PM.
Sorry if it was already posted but Apple just raised their savings rate to 4.25%
Reply
Joined May 2013
L2: Beginner
> bubble2 34 Posts
22 Reputation
MarkW4222
12-22-2023 at 04:39 PM.
12-22-2023 at 04:39 PM.
Discover 9-month 5.17% (5.30% APR) - CD. Or 4.35% - savings account
Reply
Joined Dec 2012
L5: Journeyman
> bubble2 567 Posts
34 Reputation
JayC3270
12-23-2023 at 08:33 AM.
12-23-2023 at 08:33 AM.
Quote from Mohit1908 :
Robinhood is offering 5% with robinhood gold, so you earn 5% effectively on any amount you have in your brokerage above 1200$. Also there's no lock in period since it isn't a cash deposit

Fed is expected to lower over the night funds rate next year. It will bring down short term rate like robinhood gold. Mid term CD is to secure high rate right now to coming years when fed 10yr tresury is heading below 4% which is alreay 3.9%. This deal is only 10-11mo CD so not really profiting too much.
Reply
Joined Nov 2010
L5: Journeyman
> bubble2 674 Posts
93 Reputation
TopnotchDad
12-24-2023 at 06:32 PM.
12-24-2023 at 06:32 PM.
Quote from hydrocynus :
I am not sure why all the negative feedback. I have been with CIT for three years now and have about 80K with them. About 25k was in their 13month CD and it matured on Dec. 15. They sent me several notices and told me I have 15 days to close the CD once it matures and move money elsewhere or they would reinitiate it. I moved it to my CIT platinum savings just by sending them a secure message. They always have been prompt in answering my messages. I move $300 there from my bank every month. Their app is not.the best, but they are improving it.

What's the $300 represent
Reply
Joined Jul 2019
L9: Master
> bubble2 4,095 Posts
174 Reputation
Gb1908
12-25-2023 at 06:51 AM.
12-25-2023 at 06:51 AM.
Better off with a high yield paying over 5% or a cd that lets you siphon off interest to a higher yieIding account
Reply
Joined Oct 2014
L100: Prestige?
> bubble2 878 Posts
242 Reputation
jlong129
12-25-2023 at 03:07 PM.
12-25-2023 at 03:07 PM.
-9 deal score
"Frontpage!"
This site is getting crazy.
Reply

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Joined Nov 2015
L5: Journeyman
> bubble2 705 Posts
90 Reputation
tictaktoe
12-25-2023 at 07:56 PM.
12-25-2023 at 07:56 PM.
Quote from jlong129 :
-9 deal score
"Frontpage!"
This site is getting crazy.

The first thing I noticed. Shilling.
Reply
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