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Current Certificate of Deposit Rates from CIT Bank
 

Current Certificate of Deposit Rates from CIT Bank

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CIT Bank was already offering some of the best certificate of deposit rates and the bank has increased their CD rates again. If you haven't heard of CIT Bank, it is an online bank which has deposits insured by the FDIC. The bank's FDIC cert number is 35575. CIT Bank certificates of deposit are available in three different types.

Certificates of deposit include the bank's regular term certificates of deposit, RampUp certificates of deposit, and jumbo certificates of deposit. CIT Bank's regular term certificates of deposit are available with terms between 6 months and 5 years. CIT bank's jumbo CD rates available in terms of 2 years to 5 years. This bank's RampUp certificates of deposit are only available in 1 year and 2 year terms.

CIT Bank RampUp CDs allow you to increase the CD interest rate on the CD account sometime during the term. Some other banks also offer the same type of product. Another good feature about CIT Bank's RampUp CD account if their CD rates go lower, you can still add to your CD account and earn interest at the higher initial CD rate.

Below are all current CIT Bank CD rates

Term Certificate of Deposit Rates from CIT Bank

6-Month 0.45% APY
1-Year 1.07% APY
2-Year 1.20% APY
3-Year 1.45% APY
4-Year 1.90% APY
5-Year 2.25% APY

RampUp Plus Certificate of Deposit Rates from CIT Bank

1-Year 1.12%
2-Year 1.30%

Current Jumbo Certificate of Deposit Rates from CIT Bank

2-Year 1.35%
3-Year 1.65%
4-Year 2.10%
5-Year 2.35%
Author: Brian McKay
December 7th, 2014