CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
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Does anyone think interest rates are headed down and therefore it might make sense to open a four or five year CD account instead?
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
Might as well go with Tbills at these rates and not pay state tax on interest earnings.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
So APY won’t increase anymore? Thought interest rates will keep going up…
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
What exactly are you referring to?
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
Flagstar/NYCB a fairly large bank with branches in a bunch of states has 7 or 13 months at 5.6%
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
upvoted for punniness
thank you :)
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
That’s just for new customers right? I had a CD there that matured last year and closed my account.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
My assumption is that they would credit 4.8% for first 10 days and then 4.9% for remaining days at end of the month.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
So how much I would earn for $10.000 with this deal, tnx.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
Sofi IS an FDIC insured bank. AND CDs generally come with term limits that punish you should you need to withdraw the money. There's really no benefit to CDs at the moment.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
I had a no penalty cd 2 yrs ago with cit. No issues. Also, I’m not aware of any other fixed income product like this that allows you to cash out w/o penalty whenever you want. You pay taxes on...
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
Good luck reaching them they have horrible customer service from experience but hey maybe it's just my experience
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
CIT has one of the worst customer service from my personal experience. They never reply.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
So what do they mean when they say tax free? Are they referring to state tax?
It literally says this on the gov website:
"Federal tax due on interest earned"
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
As soon as you said "We" your FDIC limit was not $250k. Even just a couple has an FDIC limit of over $1,000,000 if you intelligently create the accounts.
You on the account - $250,000 insurance...
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
CIT Bank…sounds like the McDowell’s of banking.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
I just switched to Vio for their online only HYSA (5.25%)
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
For no risk? This or if you're fine with actually being locked in I think their 6 month CDs are at 5%. Series I savings bonds used to be a better deal but rates have fallen with inflation, so for a...
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
How long does 4.95% last tho.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
This is paid advertisement right? Aren’t all major outlets offering over 5% for short term CDs?
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
Can you not see link says Savings/ money market what does that look like
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
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...
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
You pay Federal tax on everything. What else is new.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
That's a much better deal. This post is not a deal IMO.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
SDers just let a CD thread go without 25 “but muh t-bills” comments challenge (impossible)
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
Do a lot of people really think they don't need to declare on fed taxes when they get a 1099?
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
so do you leave it in for a year and pull the money and put it in another bank with better apy at that point? asking for a friend
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
Sorry if it was already posted but Apple just raised their savings rate to 4.25%
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
Just opened a ladder with them last week. Great rates right now. Local banks were horrible long term rates.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
So in other words I have to transfer all of the money in the 4.8% CD back over to my savings account first and then redo the 4.9% CD completely with the higher amount???
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
5.02% vs 5.34% that is why I am doing cds.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
Should be prorated, but I'd like to know do we still earn interest during the transfer period which can take up to 10 days.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
Your $'s are protected under $250k with FDIC, or if you're a friend of Janet Yellen and then she'll break every rule possible to refund you just like SVB....
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
How do you get them tax free? Link? TIA.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
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Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
https://investor.vanguard.com/investment-products/mutual-funds/profile/vmfxx
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
With the rates peaking, would it be better to lock in a long term CD vs short term with a higher apy?
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
It’s in Fidelity.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
Does this bank have a branch somewhere in Los Angeles county, CA? Their site does not have a branch location link.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
Compounding is power.
CIT Bank 11 Month No-Penalty CD: Earn 4.90% APY*
Expired
Thread created 05-09-2023 by psychojinx
-24 Score
468 Replies
353,805 Views
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...
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