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CIT Bank Term CDs

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APYUp to 5.00% Image
Min. Deposit $1,000 Image

Last updated on 2023-12-18

CIT Bank Term CDs Review

Pros Pros

Low min. deposit balance

Convenient online banking

Cons Cons

No physical banks

Low APY for most term deposits

Deposit Details CIT Bank CDs APY

  $1,000 & Above
12 months 0.30% APY
13 months 4.65% APY
18 months 4.60% APY
24 months 0.40% APY
36 months 0.40% APY
48 months 0.50% APY
60 months 0.50% APY


Receive 4.60% APY for 18 months term CD account

Receive 4.65% APY for 13 months term CD account

Receive 5.00% APY for 6 months term CD account

US$1,000 minimum to open account

Daily compounding interest to maximize your earning potential

No account opening or maintenance fees

You will have a 10-day grace period, starting with the maturity date, to make a withdrawal without being charged a penalty. Contact CIT Bank before the end of the grace period with a request to withdraw funds or they will automatically renew your CD at the original term and current rate

A penalty of 3 / 6 / 12 months simple interest will be imposed for 6 or 12 months CDs / 13 or 18 or 24 or 36 months CDs / 48 or 60 months CDs for any early withdrawal from term CD account


Click here to go to CIT Bank website for more details


About Bank About CIT Bank

CIT Bank is the online division for CIT Group Inc, a financial holding company with over a century of experience in banking. CIT Bank (online division) does not have physical branches. Online banking is available via app or website for all customers.

CIT Bank can be contacted via mail or phone. Customers can reach CIT Bank customer contact center via phone on 855-462-2652 Weekdays from 9am to 9pm ET and Saturdays from 10am to 6pm ET

CIT Bank is a member of FDIC which covers the deposits of a depositor to up to US$250,000


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