CIT Bank is offering customers across the US the chance to earn at a competitive rate of 1.75% APY on a 5-year online CD. There are only a few requirements for new customers to get started: you must be a U.S. citizen or resident alien that is 18 years or older, you must have a U.S. address, a Social Security number, and a driver’s license or state-issued ID, and you must have a check or bank account number to electronically transfer money into your new CIT Bank account. Once you have all the necessary documents together, you can sign up for a new Jumbo CD account with at least $100,000 and enjoy daily compounded interest with no monthly maintenance fees.
CIT Bank CD Account Information:
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- Account Type: Jumbo CD Account
- APY Rate: 1.75%
- Availability: Nationwide
- CD Length: 5 Years
- Soft/Hard Pull: Unknown
- Minimum Balance Requirement: $100,000
- Additional Requirements: None
- Early Withdrawal Fee: A penalty will be imposed if you make a withdrawal of principal prior to the maturity date.
- Auto-Renewal: Yes, you get notified 30 days prior to maturity of your CD and you will have 10 days after maturity to cancel the automatic renewal.
Why You Should Apply for This Account:
Extremely Easy to Open an Account: To open an account you must be a U.S. citizen or resident alien that is 18 years or older, you must have a U.S. address, a Social Security number, and a driver’s license or state-issued ID, and you must have a check or bank account number to electronically transfer money into your new CIT Bank account.
Competitive Rate: At 1.75% APY, the 5-year CD account earns at one of the highest rate in the country for a 5-year CD. Interest is also compounded daily and credited monthly.
FDIC Insured: You can feel confident knowing that your funds are insured up to the maximum amount of $250,000.
Check out CIT Bank’s online 5-year CD account and sign up to earn interest at a competitive rate of 1.75% APY. With a minimum deposit of $100,000 and no fees, you will definitely get a satisfying return on your investment. Keep in mind that you won’t be able to access your funds once you sign up. This is a great chance to invest in a high-interest CD account from CIT Bank. For investors looking to earn higher returns on longer CDs, you can find more of the Best CD Rates in the country from the HMB list!