CIT Bank CD rates: A comprehensive guide

CIT Bank CD rates aren’t very competitive compared to other top financial institutions, but the bank does offer a broader range of account types than many of its competitors. For example, CIT Bank offers an 11-month no-penalty CD in addition to its regular term CDs.The bank’s traditional term CDs can last anywhere from six months to five years, during which you earn interest with a fixed rate you agree to ahead of time.Here are CIT CD rates, the minimum deposit amount required and other details you’ll need to know before getting a CD with CIT Bank.Overview of CIT Bank CDsCIT Bank is an online-only financial institution that offers certificates of deposit (CDs), savings accounts, a money market account, an online checking account and home loans. CIT Bank requires a minimum deposit of at least $1,000 to open a CD, although there are no account opening or monthly maintenance fees.The chart below shows today’s CIT Bank CD rates for various term lengths as of April 2024.CIT Bank term CD rat...