CIT Bank Certificate of Deposit (CD) Rates 2024 Review

CIT Bank offers both personal and small business banking services.As part of its personal banking services, it offers certificates of deposit (CDs) to its customers.In this CIT Bank CD Accounts review, we'll compare rates, fees, and services to other national and online banks. Great Interest RatesA CD is a type of bank account that let you earn interest on your savings.Like a savings account, you can earn far more interest than a checking account.What separates a CD from a savings account is that they offer more interest but restrict withdrawals.If you want to make changes to a CD, such as adding or withdrawing money, you’ll have to wait until the CD’s term expires, or pay a fee.If you’re withdrawing from the CD, you must withdraw the full balance.CIT Bank has five types of CDs, each with its own requirements and features.Term CDThe Term CD is CIT’s basic CD offering. You can select a term of up to 5 years.The longer the term of the CD, the more interest you can earn.Because the intere...