If you’ve been looking for a CD with higher interest rate but also as an emergency fund, then check out CIT Bank No-Penalty 3.50% APY 11-Month CD.

Update 4/2/24: The rate has decreased to 3.50% APY (from 4.90%). For more options, see our list of the best no penalty CD rates.

This CD is deal for people who want both flexibility and a higher interest rate.

Whether you’re investing your funds in an interest bearing account to save up for your next vacation, a new car, house, or even retirement, this option is a definite and secure way to do so!

With CIT Bank, you can now earn interest on your funds with this outstanding 11-month No-Penalty CD rate.

You can withdraw the full balance and interest after 7 days of CD funding date, allowing optimum flexibility. There are no monthly fees and no early withdrawal fee.

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CIT Bank No-Penalty CD Overview

Why choose between a top rate and easy money access?

Get both with the 11-Month No-Penalty CD which offers security of an 11-month CD and lets you withdraw the total balance and interest earned without penalty seven days or later after funds have been received.

Please note that no withdrawals are permitted during the first six days after receipt of funds. Lock in a great rate for 11 months.

If you need your funds prior to the maturity date, you can withdraw your money — including any interest earned — beginning seven days after the funds have been received. No penalty. No problem.

It’s the security of a CD with the flexibility to access your funds early if you need them.

Minimum deposit of $1,000
You may withdraw the total balance and interest earned, without penalty, beginning seven days after funds have been received for your CD. No withdrawals are permitted during the first six days following the receipt of funds
No account opening or maintenance fees
Daily compounding interest to maximize your earning potential
FDIC insured

Apply Now at CIT Bank

(Visit CIT Bank for more details)

Compare the best CD rates:
Western Alliance Bank 3-Month CD (4.50% APY)	Western Alliance Bank 12-Month CD (4.25% APY)
Ponce Bank 3-Month CD (4.25% APY)	Blue Federal Credit Union 9-Month No Penalty CD (3.75% APY)
Sun Canyon Bank 11-Month CD (3.98% APY)	Ponce Bank 4-Month No-Penalty CD (4.15% APY)
Quontic Bank CD (Up to 4.25% APY)

How To Open A CIT Bank No-Penalty CD

You will need the standard information, including your SSN, drivers license, the account information of the bank you wish to link to your CIT account, and similar information.

The minimum deposit for CDs is $1,000 for the no penalty CD.

Select the No-Penalty CD on CIT Bank’s website.
Complete your application.
Review and accept the terms and conditions.
Set up a few security questions.
Fund the new account (You can transfer money into CIT through an ACH transfer)

Earn Interest On Your Funds With CIT No Penalty CD

Overall, if you’ve been contemplating about your bank or the APY rate you have, you can get the chance to earn a higher one today.

With CIT Bank, they provide a safe, secure way to grow your savings and you can even choose from a selection of CD terms to help you stay on target for your savings goals.

With CIT Bank’s 11-Month No-Penalty CD, you can earn a competitive APY Rate on your funds!

Interested in more options? Take a look at our list of the best cd rates on top of the best bank rates to ensure you’re earning the best rate available.

For more, see our list of the latest CIT Bank offers.