With CIT Bank, you can build your APY rate within matters of simple steps. They have no monthly fees, offer flexibility in CDs, and provide excellent customer service with their CDs. They offer RampUp CD’s, where if you save up to 4 years, you can earn up to a 1.38% APY rate. With RampUp CD’s, you can build up your APY rate by locking in the higher rate for the remainder of the term simply by notifying CIT. If you believe 4 years is too long of a wait for you, you can have the option of saving up to 3 years, which requires a different minimum deposit amount. Though if you do come across RampUp Plus CD, just note that they are completely different from the RampUp CD’s. RampUp Plus CDs are more flexible and you can raise your rate once during the CD’s term if prevailing rates go up. Still interested in more? Then sign up today if you want to lock in that high APY rate!
RampUp CDs Overview:
CIT offers RampUp CDs where you can save up to 4 years and earn up to a 1.38% APY rate. RampUp CDs allows to raise your rate one time during the CD’s term if CIT raises rates for newly opened CDs. If that’s not enough for you, you can lock in the higher rate for the remainder of the term simply by notifying CIT. RampUp CDs come in terms of 36 months with an 1.20% initial yield or 48 months with an 1.38% initial yield. A 36 month term requires a $25k minimum deposit and for a 48 month term requires a $50k minimum deposit. You’re even able to make an additional deposit, which allows you to maximize the value of your savings by providing a yield higher than what’s available from a CIT savings account. There are no monthly fees and it is FDIC insured to make sure you are covered and protected. This CD is also available in 3 year term or 4 year term which gives you even more flexiblity.
How To Open RampUp CDs with CIT Bank:
If you’re interested in opening up a RampUp CD with CIT Bank, there are simple steps that you need to do. 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. If you want to do the 3 year term, you must make a $25k minimum deposit. If you want to do the 4 year term, you must make a $50k minimum deposit. Depending on your needs, you can choose which term fits best for you.
- Under RampUp CD on CIT Bank’s website, click on “open account”.
- Click on RampUp CD which make the page scroll automatically downwards.
- You can choose to open with a 3 year term or a 4 year term.
- Complete the following application.
- Set up a few security questions.
- Fund the new account (You can transfer money into CIT through an ACH transfer)
Save With CIT Bank RampUp CDs:
Overall, with CIT Bank RampUp CDs, you can easily achieve a 1.38% APY rate. They even give you the option of utilizing a 3 year term or a 4 year term. There are no monthly fees, extra charges, and it’s even FDIC insured to protect your account at all times. With RampUp CDs, you can build up your APY rate by locking in the higher rate for the remainder of the term simply by notifying CIT. Sign up today if you’re interested! Check out more of our complete table of the best bank rates from our exclusive list nationwide!
The Blue Cash Everyday® Card from American Express offers $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 19.24% to 29.99% variable APR.
• 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
• 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
• 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%.
• 1% back on other eligible purchases.
Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.
There are no annual fees with this card (See Rates & Fees).