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CIT Bank CD rates can be rather competitive, especially for certain term lengths and types of accounts. CIT Bank CDs can be a good fit for savers looking to maximize both yield and financial flexibility. Read on to find out whether a CIT Bank CD could meet your needs.
APY = Annual Percentage Yield
CIT is an online bank that offers very competitive rates on certain CD terms, including non-standard promotional terms. If those terms match your need and you have at least $1,000 to deposit (CIT's typical minimum for CDs), it could be a good match.
On CIT's Secure Website.
| 6 Mo. APY | 1 Yr. APY | 13 Mo. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|---|
| 3.75% | 0.30% | 3.25% | 2.75% | 0.40% | 0.40% | 0.50% | 0.50% |
APY = Annual Percentage Yield
CIT is an online bank that offers very competitive rates on certain CD terms, including non-standard promotional terms. If those terms match your need and you have at least $1,000 to deposit (CIT's typical minimum for CDs), it could be a good match.
On CIT's Secure Website.
| 11 Mo. APY |
|---|
| 3.90% |
A high-interest savings account offers rates competitive with the best CDs accounts, but without having to lock your money away for months or even years at a time. Here are some top-rated high-yield savings account options from our experts.
| Account | APY | Bonus | Next Steps |
|---|---|---|---|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. 
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
up to 3.80%
Rate info
Earn up to 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Min. to earn: $0
|
Earn $50 or $400 and +0.70% Boost on Savings APY with direct deposit. Terms apply.
Earn up to 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC. |
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
Open Account for EverBank Bank High-Yield Savings Account from Raisin
On Raisin's Secure Website. |
4.15%
Rate info
Earn a guaranteed 4.15% APY for 90 days. After that, your savings keep growing at a competitive standard rate -- currently 3.95% APY (subject to change). No minimum account balance required. Deposit or withdraw at any time with no additional fees.
Min. to earn: $1
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Earn up to $1,200 when you sign up and fund your account using code SUMMER26.¹
|
Open Account for EverBank Bank High-Yield Savings Account from Raisin
On Raisin's Secure Website. |
Open Account for CIT Platinum Savings
On CIT's Secure Website.
4.80/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
up to 4.10%*
Rate info
4.10%* APY for balances of $5,000 or more; otherwise, 0.60%* APY
Min. to earn: $5,000
|
Earn up to 4.10% APY with promo code CITBoost
With the 6 month Boost limited-time offer, you earn 4.10%* APY on balances over $5,000 (balances less than $5,000 earn 0.60%* APY). After the boost is complete you will continue to earn standard rates -- 3.75% APY for balances over $5,000 (balances less than $5,000 earn 0.25% APY). The minimum to open a Platinum Savings account is $100. Member FDIC. No monthly service fees. |
Open Account for CIT Platinum Savings
On CIT's Secure Website. |
¹New customers only. Earn a cash bonus when you deposit and maintain funds with partner banks on the Raisin platform. Customers can earn up to $60 for depositing between $10,000 and $24,999 ($50 welcome bonus + $10 bonus boost when you set up two recurring deposits or more totaling $100), up to $150 for depositing between $25,000 and $49,999 ($125 welcome bonus + $25 bonus boost when you set up two recurring deposits or more totaling $250), up to $300 for depositing between $50,000 and $99,999 ($250 welcome bonus + $50 bonus boost when you set up two recurring deposits or more totaling $500), up to $600 for depositing between $100,000 and $199,999 ($500 welcome bonus + $100 bonus boost when you set up two recurring deposits or more totaling $1,000), and up to $1,200 for depositing $200,000 or more ($1,000 welcome bonus + $200 bonus boost when you set up two recurring deposits or more totaling $2,000).
To qualify for the bonus, you must be a new Raisin customer who signs up between June 1, 2026, and July 31, 2026, and the promo code SUMMER26 must be entered at the time of sign-up. Deposit at least $10,000 within 14 days of your first deposit. You can make one or multiple deposits during this window, and your total deposited amount determines your bonus tier. You may add more funds during the 14-day window to reach a higher bonus tier. Satisfying these base requirements is mandatory to unlock and earn the optional recurring deposit boost. You can add this boost during your 14-day window by setting up an automated schedule that posts at least twice during the 90-day holding period. The recurring deposit boost is an extra cash reward earned by setting up an automated savings schedule within your first 14 days that posts at least twice during the 90-day holding period. Your base welcome bonus tier sets the maximum cap for this extra reward. If you choose to skip it, you will still earn your base welcome bonus by meeting the standard qualifying terms. However, you cannot earn the recurring boost on its own; satisfying the base welcome bonus requirements is mandatory to unlock it.
Once the deposit window closes, your balance must remain at or above your qualifying bonus tier for 90 days. If your balance drops below that amount during the 90-day period, you may no longer be eligible for that bonus. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days will be eligible for this bonus.
Bonus cash will be deposited by Raisin into the customer’s Cash Account within 30 days of meeting all qualifying terms. This offer is available to new customers only and may not be combined with any other bonus offers. Raisin reserves the right to modify or terminate this offer at any time.
Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of February 17, 2026.
* Platinum Savings APY Boost Promotion Terms and Conditions
This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.
Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.
The Promotion begins on February 13, 2026, and ends August 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions.
The promotion can end at any time without notice.
For complete list of account details and fees, see our Personal Account disclosures.
CIT General Disclosure
For complete list of account details and fees, see our Personal Account disclosures. https://www.cit.com/cit-bank/resources/forms
CIT Bank CD rates are competitive for certain products and term lengths, but not for others. Take a look at what other financial institutions are offering to compare.
EverBank CD Raisin
On Raisin's Secure Website.
Western Alliance Bank CD
On Raisin's Secure Website.
CIT Bank No-Penalty CD
On CIT's Secure Website.
CIT Bank offers standard CDs in a variety of term lengths, as well as jumbo and no-penalty CDs. Customers can manage their CDs through the bank's online banking portal or the highly rated CIT mobile app.
| Minimum Deposit | $1,000 |
|---|---|
| Range of Term Lengths | 6 months to 5 years |
| Compounding Schedule | Daily |
| Early Withdrawal Penalty | Terms up to 1 year: 3 months' simple interest;Terms between 1 and 3 years: 6 months' simple interest; Terms more than 3 years: 12 months' simple interest |
| Grace Period | 10 days |
CIT Bank Term CDs are the bank's standard CD product. They have $1,000 minimum opening deposits, and come in a variety of different terms ranging from six months to five years. The most competitive APYs are found on the non-standard 13- and 18-month, as well as the 6-month term length.
CIT Bank only offers one no-penalty CD term. The rate is extremely competitive, but like all CIT Bank CDs, it requires a $1,000 minimum deposit.
| Minimum Deposit | $1,000 |
|---|---|
| Range of Term Lengths | 11 months |
| Compounding Schedule | Daily |
| Early Withdrawal Penalty | None |
| Grace Period | 10 days |
CIT Bank offers a no-penalty CD for people who want to lock in a high APY but don't necessarily want to keep their money locked up. The CIT Bank No-Penalty CD comes in an 11-month term length and pays an extremely competitive interest rate, especially considering that it doesn't penalize early withdrawals. The bank requires the same $1,000 minimum deposit requirement as for standard CDs, which might be a little high for some customers.
Yes, CIT Bank CDs are safe. The bank is an FDIC member, which means accounts are protected for as much as $250,000 per person. CIT Bank is the online division of First Citizens Bank, one of the largest and oldest established banks in the United States.
CIT Bank makes opening a CD account easy. Here's how:
Begin the online sign-up process on the CIT Bank website. CIT Bank is an online-only bank.
Provide address, phone, email and Social Security number. You may need your driver's license.
Choose which CD term to open.
Link your external or CIT Bank checking account to fund your new CD account with at least $1,000. You can also fund your account by wire transfer or mailing a check.
CIT Bank CDs can be a great fit for savers who want to open a CD in one of the bank's term lengths with high APYs (six, 13, or 18 months), or for those who want to lock in a high APY with a no-penalty CD that lets you withdraw money early if you need it.
CIT Bank also offers the following CD accounts:
APY = Annual Percentage Yield
APY = Annual Percentage Yield
At Motley Fool Money, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
Learn more about how Motley Fool Money rates bank accounts.
The minimum deposit to open a CIT Bank CD is $1,000.
There are no opening or closing fees. If you withdraw from a CIT Bank CD early, you'll pay an early withdrawal fee unless you've opened a no-penalty CD.
You can close a CIT Bank CD early, but it will cost you early withdrawal fees. The exception is the CIT Bank No-Penalty CD, which you can withdraw from without paying fees.
Motley Fool Stock Disclosures
The Motley Fool has a disclosure policy.No-Penalty/11-MO CD
APY — Annual Percentage Yield is accurate as of July 1, 2026. $1,000 minimum to open the account.
With a No-Penalty CD, you may withdraw the total balance and interest earned, without penalty, beginning 7 days after funds have been received for your CD. No withdrawals are permitted during the first 6 days following the receipt of funds.
CIT General Disclosures
For complete list of account details and fees, see our Personal Account disclosures.
13-month Term CD
APY — Annual Percentage Yield is accurate as of January 9, 2026. $1,000 minimum deposit is required to open the account. A penalty may be imposed for early withdrawal of principal, and any early withdrawal (principal or interest) will reduce earnings. Upon maturity, the 13-Month CD will be automatically renewed as a 1-Year Term CD at the then-published APY.
Annual Percentage Yields (APYs) for all Term CDs are accurate as of January 9, 2026. A penalty may be imposed for early withdrawal of principal, and any early withdrawal (principal or interest) will reduce earnings.
6-Month Term CD
APY — Annual Percentage Yield is accurate as of January 9, 2026. $1,000 minimum deposit is required to open the account. A penalty may be imposed for early withdrawal of principal, and any early withdrawal (principal or interest) will reduce earnings.
Upon maturity, CDs are renewed for the same term automatically. The exception to this are the 13-Month CD and the 18-Month CD; upon maturity, the 13-Month CD will be automatically renewed as a 1-Year Term CD at the then-published APY, and the 18-Month CD will be automatically renewed as a 2-Year Term CD at the then-published APY.
CIT General Disclosures
For complete list of account details and fees, see our Personal Account disclosures.
