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CIT Bank CD Rates 1 Year CD Rates at 1.07%, 2 Year Rates at 1.25%
 

CIT Bank CD Rates 1 Year CD Rates at 1.07%, 2 Year Rates at 1.25%

CIT Bank CD rates on 1 year certificates of deposit are the highest around for a national bank. The current 1 year Achiever CD rate is 1.07% with an APY of 1.08%. 2 year CD rates are slightly higher at 1.25% with an APY of 1.26%.

You probably won't find 1 year bank CD rates higher than that rate. The minimum opening deposit is $25,000. The Achiever CD rate has held up since last fall when 1 year CIT Bank CD rates on the Achiever CD was at 1.14% with an APY of 1.15%.



You might not have heard of CIT Bank which is headquartered in Salt Lake City, Utah. The bank which shouldn't be confused with the larger Citibank, has been FDIC insured since 2000. The bank's FDIC Cert number is 35575 .

TheAchiever CD is different than regular CDs. You have the ability to raise the CD rate once during the term. Another feature of the Achiever CD is you can add more money to the CD account one time during the CD term which is a nice feature when CD rates move higher.

CIT Bank CD Rates 1 Year CD Rates at 1.07%, 2 Year Rates at 1.25%

Don't have $25,000 grand to open an Achiever? Don't worry, CIT Bank is also offering regular CD accounts that have decent CD rates. CIT Bank's Term CDs have a minimum opening balance of only $1,000. Here are the current Term CD rates:

  • 6 Month Rates 0.45% APY 0.45%

  • 1 Year Rates  1.05% APY 1.06%

  • 2 Year Rates 1.24% APY 1.25%

  • 3 Year Rates 1.45% APY 1.46%


If you have $100,000 or more to invest in a CD CIT Bank is also advertising jumbo CD rates. Current 2 year jumbo CD rates are at 1.26% with an APY of 1.27%. 3 year jumbo bank CD rates are at 1.47% with an APY of 1.48%.

To open any CD account at CIT Bank just go to bankoncit.com.
Author: Stacy Everest
March 20th, 2012