CIT Bank is an online bank that is focused on savers and offers a variety of flexible, attractive savings products, such as savings accounts and multiple CD options. If you’re interested in a high APY rate, CIT Bank offers Jumbo CDs with rates of up to 1.75% APY. These accounts require a minimum deposit of $100,000 and include terms from 2 years to 5 years. Compared to CIT’s Term CDs, Jumbo CDs have higher payout, yet are considered low-risk, stable investments for investors. CIT Bank has one of the best interest rates nationwide. With CIT Bank, there are no account opening or maintenance fees, and you get daily compounding interest to maximize your earning potential. Find out more about CIT Bank’s Jumbo CDs below.
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CIT Bank Jumbo CD Rates and Information:
Opening a CD account with CIT Bank allows you to earn high rates of return, plus interest. It’s one of the safest investment options available, aside from a money market account and savings account. All CIT Jumbo CDs require a minimum deposit of $100,000. There are no account opening or recurring maintenance fees, and your money is FDIC insured.
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Open a Jumbo CD with CIT Bank:
- Visit CIT Bank online and select an account to open. If you’re not an existing member, make sure to have your Social Security number and driver’s license/passport number ready, as well as the bank account number of any existing bank account.
- Complete your application.
- Review and accept the terms and conditions.
- Set up your security questions.
- Transfer money from your checking or savings account directly into your new Jumbo CD to start reaping the savings benefits.
Maximize With CIT Bank Jumbo CDs:
CIT Bank offers highly competitive rates compared to other online banks, with base interest rates higher than most of their competitors. At CIT Bank, you can open up a Jumbo CD with terms from 2 years to 5 years. Although you’ll need a deposit of $100,000 to open an account, you’ll get a rate of up to 1.75% APY. If you are looking for great rates, easy online account access, and FDIC insurance, CIT Bank may be an option for you. Plus, they have low minimums, and virtually no fees when compared to some of the bigger banks. Sign up for a Jumbo CD account with CIT Bank today, and enjoy their high APY rates. Also, check out our Best CD Rates at HMB!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.