CIT Bank Certificates of Deposit Review and Rates
For awhile now CIT Bank certificates of deposit have had very competitive CD rates. CIT Bank's certificates of deposit are available in three different types. The first time is their regular CD accounts CIT Bank referrers to as CD term accounts. The second type of CD accounts are jumbo CD accounts which have jumbo CD rates associated with them. The last type of account is CIT Bank's Achiever CD accounts. The Achiever CD accounts have a higher minimum opening deposit and higher CD rates than their regular bank CD rates.Regular term CD accounts have a minimum opening deposit of only $1,000. Interest earn on term CDs is compounded daily which allows you to earn more than a CD account that has interest compounded monthly which is what many banks do. There are no opening account fees or monthly fees to chip away at any interest earned on the account.Here is a current list of term CD rates and APY at CIT Bank:
Posted in: CD Rates from Banks
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