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CIT Bank CD Rates: Highest CD Rates at 1.10% APY 1 Year CD - CD Rates - Search for CD Rates Today

CIT Bank CD Rates: Highest CD Rates at 1.10% APY 1 Year CD

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CIT Bank, the online banking division of CIT Group consistently has some of the highest CD rates around. When we first reported on CIT Bank CD rates last fall the bank had the best CD rates around for 1 year Achiever certificates of deposit at 1.14 percent with an APY of 1.15 percent.

Current CIT Bank CD rates on 1 year certificates of deposit are still the highest CD rates on our rate list at 1.09 percent with an APY of 1.10 percent. CD rates at CIT Bank are well above the FDIC's national average rate of 0.27 percent. The bank's rate is also well above the national average jumbo CD rates at banks of 0.29 percent.

CIT Bank's Achiever certificate of deposit has a minimum opening balance of $25,000. You can open a regular certificate of deposit at CIT Bank with as little as $1,000 and earn a rate of 1.05 percent with an APY of 1.06 percent.

CIT Bank CD Rates

Achiever CD Rates and APY

  • 12 Month CD Rates 1.09% APY 1.10%

  • 24 Month CD Rates 1.24% APY 1.25%

Term CD Rates and APY

  • 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 and APY

  • 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%

The bank's jumbo CD rates are some of the best CD rates at banks available right now. In fact you probably won't find higher jumbo bank CD rates anywhere.

Opening a certificate of deposit account at CIT Bank is an easy process since the bank has done a great job on their website. You can also fund your new CIT Bank CD account by electronic transfer.

CIT Bank also offers valuable information to help you with your investment decisions. The bank offers a free savings calculator and CD ladder calculator.

For a list of current CD rates at CIT Bank or to open an account go to the bank's website here: CIT Bank CD Application.

Author: Monica Harris
August 6th, 2012