CIT Bank Raises No-Penalty CD to 3.90% APY
CIT Bank has increased the rate on its 11-Month No-Penalty CD to 3.90% APY. The account lets you lock in a competitive fixed rate while still giving you the flexibility to withdraw your full balance and earned interest without penalty beginning seven days after your funds have been received.
About This Account
- 3.90% APY
- 11-month term
- $1,000 minimum to open the account
- No monthly service fees
- Access your account online 24/7 or through the CIT Bank mobile app
- Daily compounding interest
- FDIC insured
Disclosures:
- APY — Annual Percentage Yield is accurate as of July 1, 2026. $1,000 minimum to open the account.
- With a No-Penalty CD, you may withdraw the total balance and interest earned, without penalty, beginning 7 days after funds have been received for your CD. No withdrawals are permitted during the first 6 days following the receipt of funds
- For complete list of account details and fees, see Personal Account disclosures.
Guru’s Wrap-up
No-penalty CDs are a good option for cash you don’t need immediately but still want access to if rates change or an emergency comes up. At 3.90% APY, this is a nice balance between earning a good return and maintaining flexibility.
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