Open an account
Term
APY
Minimum opening deposit
Available as IRA
Available as Custodial
6-Month
%
$1,000
No
Yes
13-Month
%
$1,000
No
Yes
1-Year
%
$1,000
No
Yes
2-Year
%
$1,000
No
Yes
3-Year
%
$1,000
No
Yes
4-Year
%
$1,000
No
Yes
5-Year
%
$1,000
No
Yes
6-Month Term CD
APY**
0.72
Minimum opening deposit
$1,000
Available as IRA
No
Available aas Custodial
Yes

Open

13-Month Term CD
APY**
1.48
Minimum opening deposit
$1,000
Available as IRA
No
Available aas Custodial
Yes

Open

1-Year Term CD
APY**
1.32
Minimum opening deposit
$1,000
Available as IRA
No
Available aas Custodial
Yes

Open

2-Year Term CD
APY**
1.40
Minimum opening deposit
$1,000
Available as IRA
No
Available aas Custodial
Yes

Open

3-Year Term CD
APY**
1.30
Minimum opening deposit
$1,000
Available as IRA
No
Available aas Custodial
Yes

Open

4-Year Term CD
APY**
1.50
Minimum opening deposit
$1,000
Available as IRA
No
Available aas Custodial
Yes

Open

5-Year Term CD
APY**
1.70
Minimum opening deposit
$1,000
Available as IRA
No
Available aas Custodial
Yes

Open

Premier High Yield Savings

Get high yield rates with no fees to reach your savings goals faster.

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Earn up to% APY
No-Penalty CD

With a CIT Bank No-Penalty CD, you get the security of an 11-month CD with the option to withdraw the total balance and interest earned without penalty seven days or later after funds have been received.

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Earn up to% APY
RampUp™ Plus CDs

With a RampUp™ Plus CD, you’ll have the option to adjust your rate if our rates go up, plus you can add to your deposit once during the term of your CD.

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Earn up to% APY
RampUp™ CDs

With a RampUp™ CD, you’ll have the option to adjust your rate once during the term of your CD should our rates go up.

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Earn up to% APY
Jumbo CDs

Earn higher rates on bigger deposits.

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Earn up to% APY
Custodial Accounts (UTMA)

Save money for a child’s future.

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Earn up to% APY
1
1YearCD
Earn Higher Returns
5.5x
the national average*
LOW MINIMUM DEPOSIT
Explore the benefits

Term CDs


CD terms range from 6 months and 1 year up to 5 years

A range of choices. Low minimum deposits.

Up to% APY*
CD Rates
Overview

Choose from our widest variety of terms to help you achieve short-term goals-or long-term dreams. With terms ranging from 6 months to 5 years, CIT Bank offers options that meet your savings needs.

  • Minimum deposit of $1,000
  • Selection of terms to meet your needs – From our short-term 6-Month and 1-Year CDs to our longer term 5-Year CDs
  • No account opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • FDIC insured**
Other products
Selected products ()
Product
APY**
Minimum balances
Available as IRA
Available as Custodial
APY**
Minimum balances
Available as IRA
Available as Custodial