CIT Bank CD Rates: 5 Year Jumbo CD Rates at 1.90% APY

An online bank that was offering the best CD rates on our rate lists last year is still offering the best CD rates today. CIT Bank is the online bank that has the highest CD rates on 5 year jumbo certificates of deposit at 1.88 percent with an APY of 1.90 percent. That rate is 50 basis points higher than the current national average 5 year CD rate of 1.40 percent.

If you have a small business and taken out a small business loan you probably have heard of CIT Banks parent company CIT Group which is the leader in providing financing loans to small and medium sized business.

Last October CIT Bank CD rates on their 1 year Achiever certificates of deposit were at 1.14 percent with an APY of 1.15 percent. Current 1 year Achiever CD rates are slightly lower at 1.09 percent with an APY of 1.10 percent.

CD rates at banks have been on the decline since 2008 so it isn't a surprise CIT rates are lower than they were last year. Though a decline of only 5 basis points is unusual since most bank CD rates have been lowered a lot more in the past year.

CIT Bank CD Rates

CD Rates Achiever CDs

• 12 Month CD Rates 1.09% APY 1.10%
• 24 Month CD Rates 1.24% APY 1.25%

CD Rates Term CDs

• 6 Month Term CD Rate 0.45% APY 0.45% 
• 1 Year Term CD Rate 1.05% APY 1.06% 
• 2 Year Term CD Rate 1.19% APY 1.20% 
• 3 Year Term CD Rate 1.41% APY 1.42% 
• 5 Year Term CD Rate 1.84% APY 1.85%

Jumbo CD Rates

• 2 Year Jumbo CD Rate 1.24% APY 1.25% 
• 3 Year Jumbo CD Rate 1.43% APY 1.44% 
• 5 Year Jumbo CD Rate 1.89% APY 1.90%

As you can see CIT Banks rates are well above the national average rates and are the highest rates on our rate lists.  Opening a certificate of deposit account at CIT Bank can be done online and you can fund your new CIT certificate of deposit account electronically.

 For more information about CD bank rates at CIT Bank or to open an account go to bankoncit.com. To compare certificate of deposit rates from many different banks use our rate tables.