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CIT Bank Increases Interest Rates Up to 5.00% APY

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CIT Bank Increases Interest Rates Up to 5.00% APY

Interest rates have gone up considerably over the last few months, even reaching 5% on some accounts. CIT Bank is one of the financial institutions that just increased rates on most accounts. They now offer up to 4.95% for savings accounts, 4.90 for a 11-month no-penalty CD, and 5.00% for a short term CD.

These offers are available nationwide, so if you are looking for a good interest rate, then check out the details below.

The Offers

Here are the current interest rates at CIT Bank, as of June 19, 2023:

Product APY
0.25%
4.95%
Savings Connect 4.60%
4.90%
6-Month CD 5.00%
Money Market 1.55%

As you can see, the best rate is for the 6-Month CD, which can earn you 5.00% APY. If you don’t want to have your money tied up in the account, then you can look at the Platinum Savings or 11-Month No Penalty CD.

Conclusion

CIT is currently offering great rates on its 6-Month CD (5.00% APY), 11-Month No Penalty CD (4.90% APY) and Platinum Savings (up to 4.95% APY). CIT Bank is available nationwide and you can open these accounts online.

The Platinum Savings account requires a balance of $5,000 or more to earn the better rate. CDs require an opening balance of at least $1,000.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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