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Edited June 16, 2023
at 09:39 AM
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CIT Bank our partner, offers the following benefits with their
Platinum Savings account.
- Must have a minimum daily balance of $5000 to earn 4.85% APY
- No account opening or maintenance fees
- Daily compounding interest to maximize your earning potential
- FDIC insured
- *See site for details
Slickdeals may be compensated by CIT Bank
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But knowing what I know know, I am not staying with them.
It's 4.15% for me.
https://www.cfg.bank/personal-ban...osit-rates
I have nothing but good things to say about my relationship with them thus far (money market savings + 2 12-month non-callable CDs).
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Liquidity: T-bills are very liquid investments, which means that they can be easily bought and sold on the open market. This is because they are backed by the US government, which is considered to be one of the safest borrowers in the world. In contrast, CDs typically have a fixed term, and if you need to access your money before the CD matures, you may have to pay a penalty.
Flexibility: T-bills are typically issued in small denominations, which means that you can invest as much or as little as you want. In contrast, CDs often have minimum investment amounts, which may be higher than what you want to invest.
Yield: T-bills typically offer a higher yield than CDs.
Taxation: T-bills are exempt from state and local income taxes, which can make them more attractive to investors in high-tax states. CDs, on the other hand, are subject to state and local income taxes.
Liquidity: T-bills are very liquid investments, which means that they can be easily bought and sold on the open market. This is because they are backed by the US government, which is considered to be one of the safest borrowers in the world. In contrast, CDs typically have a fixed term, and if you need to access your money before the CD matures, you may have to pay a penalty.
Flexibility: T-bills are typically issued in small denominations, which means that you can invest as much or as little as you want. In contrast, CDs often have minimum investment amounts, which may be higher than what you want to invest.
Yield: T-bills typically offer a higher yield than CDs.
Taxation: T-bills are exempt from state and local income taxes, which can make them more attractive to investors in high-tax states. CDs, on the other hand, are subject to state and local income taxes.
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