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CIT Bank 11 Month No-Penalty CD: Earn Expired

4.90% APY*
-24 Deal Score
294,451 Views
CIT Bank, our partner, offers the following benefits with their No-Penalty CD.

Thanks to community member psychojinx for sharing this deal.
  • $1,000 minimum to open
  • No penalty to access funds if needed before maturity
  • No opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • Member FDIC
  • *See site for details
Slickdeals may be compensated by CIT Bank
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Original Post

Written by
Edited May 9, 2023 at 10:03 AM by
CIT Bank, our partner, offers the following benefits with their No-Penalty CD.
  • $1,000 minimum to open
  • No penalty to access funds if needed before maturity
  • No opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • Member FDIC
  • *See site for details
Slickdeals may be compensated by CIT Bank
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Deal
Score -24
294,451 Views
4.90% APY*
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Featured Comments

CIT is a subsidy of First Citizen Bank.
Awful , awful reviews

https://wallethub.com/profile/fir...-13003328i
·
We've been with Ally for 10 years and never had a single complaint about them. Customer service is available 24/7 and everyone speaks intelligible English.
·
Just buy them directly from Treasury. The Treasury Direct website won't win any awards for user friendliness, but it's not difficult to set up an account, the search function is very good for finding answers and it's a full service website. And of course there are a zillion resources available on the Internet.

I spoke to Fidelity about buying T-bills or bonds through them and my recollection is that there are two ways to do it, one involves fees and one doesn't. I figured for the same effort it would take to fully understand the difference, I could probably figure out the Treasury Direct site and I was correct about that.

The idea is to balance risk and get a better return than what my bank offer. UST Direct accomplish that with one stop shopping. You get a better rate and don't have to spend ungodly amounts of time chasing rates at unknown banks all over the country.
·

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Joined May 2006
L9: Master
> bubble2 4,867 Posts
2,022 Reputation
chazjr
06-08-2023 at 12:29 PM.
06-08-2023 at 12:29 PM.
Invest in US Treasury Bills | Get a 5.4% yield on Public.com
https://public.com/invest/treasuries
1
1
Reply
Joined Apr 2017
L3: Novice
> bubble2 194 Posts
18 Reputation
jatslickdeal
06-09-2023 at 03:55 PM.
06-09-2023 at 03:55 PM.
Better to go with a reputed bank even if a little lower rate. Citibank saving account has a little over 4% on savings account.
1
Reply
Joined May 2012
L5: Journeyman
> bubble2 733 Posts
107 Reputation
morph2_7
06-09-2023 at 08:47 PM.
06-09-2023 at 08:47 PM.
Does this bank have a branch somewhere in Los Angeles county, CA? Their site does not have a branch location link.
Reply
Joined Jun 2017
L2: Beginner
> bubble2 71 Posts
22 Reputation
theundead111
06-10-2023 at 05:18 PM.
06-10-2023 at 05:18 PM.
Quote from SubwayRider :
Where can I find this Citizens CD?

Available only locally. I just checked with the branch today
Reply
Joined Dec 2012
L5: Journeyman
> bubble2 525 Posts
30 Reputation
JayC3270
06-11-2023 at 07:33 AM.
06-11-2023 at 07:33 AM.
I usually go get treasury on fidelity for fixed income. For flexibility, i just park the rest of cash in my robinhood gold. 4.65% apr.
Reply
Joined Apr 2011
G
> bubble2 456 Posts
279 Reputation
FeederFree
06-11-2023 at 10:02 PM.
06-11-2023 at 10:02 PM.
Quote from chazjr :
Invest in US Treasury Bills | Get a 5.4% yield on Public.com
https://public.com/invest/treasuries

Shows only 6 months my state. Can money be pulled out before maturity?
Reply
Joined Jun 2019
L3: Novice
> bubble2 180 Posts
14 Reputation
CalmMaid495
06-11-2023 at 10:15 PM.
06-11-2023 at 10:15 PM.
Quote from FeederFree :
Shows only 6 months my state. Can money be pulled out before maturity?

Same here. It shows only 6 months period for NJ. Can we redeposit after the 6 months with the same rate?
Reply

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Joined Jul 2016
L3: Novice
> bubble2 289 Posts
58 Reputation
moneysaver1987
06-12-2023 at 03:44 PM.
06-12-2023 at 03:44 PM.
Quote from MsGal :
We've been with Ally for 10 years and never had a single complaint about them. Customer service is available 24/7 and everyone speaks intelligible English.

Complaint: their checking interest rate is shite
Reply
Joined Oct 2017
L2: Beginner
> bubble2 91 Posts
42 Reputation
AsphericalDream
06-12-2023 at 04:03 PM.
06-12-2023 at 04:03 PM.
Is Cit bank as shity as citibank?
1
Reply
Joined Dec 2007
L5: Journeyman
> bubble2 514 Posts
154 Reputation
Gurney
06-12-2023 at 05:34 PM.
06-12-2023 at 05:34 PM.
Quote from dubmang :
best way to maximize $15k over the next year?

Impossible to know without more information. If you've got a big credit card balance that you're paying interest on, then paying off that balance is much better than investing.
Reply
Joined Jun 2019
L5: Journeyman
> bubble2 804 Posts
30 Reputation
BillG7
06-12-2023 at 08:44 PM.
06-12-2023 at 08:44 PM.
What happens when the CD matures? Does the interest rate go to 0% before you transfer it out? Also, you can keep more than one of these CD account with money in it, right?
Reply
Joined Jul 2020
New User
> bubble2 10 Posts
10 Reputation
asumba00
06-13-2023 at 12:27 PM.
06-13-2023 at 12:27 PM.
Quote from Binar :
CIT is a subsidy of First Citizen Bank.
Awful , awful reviews

https://wallethub.com/profile/fir...-13003328i

Thats the first citizen bank review. You should post a CIT Bank review. They're not bad.
Reply
Joined Jul 2020
New User
> bubble2 10 Posts
10 Reputation
asumba00
06-13-2023 at 12:29 PM.
06-13-2023 at 12:29 PM.
Quote from asumba00 :
Thats the first citizen bank review. You should post a CIT Bank review. They're not bad.

https://www.cit.com/cit-bank/lear...in-banking
1
Reply
Joined Dec 2006
L2: Beginner
> bubble2 65 Posts
11 Reputation
slickkick
06-13-2023 at 03:33 PM.
06-13-2023 at 03:33 PM.
Quote from ElatedSoda4203 :
Just remember folks you still have to pay federal taxes on these.

Is there an investment option that doesn't pay federal taxes?
1
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Joined Oct 2014
L1: Learner
> bubble2 5 Posts
18 Reputation
nickgetek
06-14-2023 at 07:25 PM.
06-14-2023 at 07:25 PM.
5.50 % at Citizens Bank right now for a 10 month CD $25k +
1
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