CIT Bank Term CDs

Choose from our widest variety of terms to help you achieve short-term goals—or long-term dreams.
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Term CDs - A range of choices

A range of choices. Low minimum deposits.

Up to % APY*

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Overview
  • Minimum deposit of $1,000
  • Selection of terms to meet your needs
  • No account opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • FDIC insured**
Rates
Term
APY
Minimum opening deposit
Available as IRA
Available as Custodial
6-Month
%
$1,000
No
Yes
1-Year
%
$1,000
Yes
Yes
2-Year
%
$1,000
Yes
Yes
3-Year
%
$1,000
Yes
Yes
4-Year
%
$1,000
Yes
Yes
5-Year
%
$1,000
Yes
Yes

6-Month

APY

%

Minimum opening deposit

$1,000

Available as IRA

No

Available as Custodial

Yes

1-Year

APY

%

Minimum opening deposit

$1,000

Available as IRA

Yes

Available as Custodial

Yes

2-Year

APY

%

Minimum opening deposit

$1,000

Available as IRA

Yes

Available as Custodial

Yes

3-Year

APY

%

Minimum opening deposit

$1,000

Available as IRA

Yes

Available as Custodial

Yes

4-Year

APY

%

Minimum opening deposit

$1,000

Available as IRA

Yes

Available as Custodial

Yes

5-Year

APY

%

Minimum opening deposit

$1,000

Available as IRA

Yes

Available as Custodial

Yes
Other Products

High Yield Savings

Build toward your goals with tiered rates to help maximize your return on higher balances. Learn more

Earn up to %APY

RampUp™ Plus CDs

Our most flexible CDs help protect you against market fluctuations. You’ll have the option to adjust your rate if our rates go up, plus you can add to your deposit once during the term of your CD. Learn more

Earn up to % APY

RampUp™ CDs

Our flexible long-term CDs help protect you against market fluctuations. You’ll have the option to adjust your rate once during the term of your CD should our rates go up. Learn more

Earn up to % APY

Jumbo CDs

Earn higher rates on bigger deposits. Learn more

Earn up to % APY

IRA Accounts

Grow your nest egg with tax-deferred earnings. Learn more

Earn up to % APY

Custodial Accounts

Save money for a child’s future. Learn more

Earn up to % APY

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