CIT Bank Certificate of Deposit
Cannot be determined — product page returned a 404 error.
Cannot be determined — no product data was available.
We were unable to generate a meaningful competitive analysis for this CIT Bank CD because the product page returned a 404 error and SwitchWize's rate database did not have a verified APY on file. Without a confirmed rate, we cannot benchmark this product against the current CD category average or assign a competitive rank. What we do know from FDIC records is that CIT Bank (FDIC cert #35575) is now a division of First-Citizens Bank & Trust Company following an acquisition, which may explain the broken URL structure. With the Fed Funds Rate currently at 3.63%, the top-tier CD market continues to offer compelling real yields, and several competing online banks are posting rates well above that benchmark on select terms. Until CIT Bank's CD page is restored and a verified rate is confirmed, we recommend exploring other fully documented options in our CD comparison tool. Check back — we update rates daily and will publish a full review as soon as product details are available.
Confirm the rate and term are still available. Review the early-withdrawal penalty in the fee schedule — it can erase months of interest.
Jun 13, 2026
SwitchWize Research Desk · methodology
- No monthly maintenance fee
- FDIC insured up to $250,000
| Term | APY |
|---|---|
| 6 months | 3.75% |
| 1 year | 0.30% |
| 1.5 years | 2.85% |
| 2 years | 0.40% |
| 3 years | 0.40% |
| 5 years | 0.50% |
Product page was inaccessible at time of review. Visit cit.com directly and navigate to the CD section, or call CIT Bank customer service. Note that CIT Bank is now a division of First-Citizens Bank & Trust Company.
We were unable to generate a meaningful competitive analysis for this CIT Bank CD because the product page returned a 404 error and SwitchWize's rate database did not have a verified APY on file. Without a confirmed rate, we cannot benchmark this product against the current CD category average or assign a competitive rank. What we do know from FDIC records is that CIT Bank (FDIC cert #35575) is now a division of First-Citizens Bank & Trust Company following an acquisition, which may explain the broken URL structure. With the Fed Funds Rate currently at 3.63%, the top-tier CD market continues to offer compelling real yields, and several competing online banks are posting rates well above that benchmark on select terms. Until CIT Bank's CD page is restored and a verified rate is confirmed, we recommend exploring other fully documented options in our CD comparison tool. Check back — we update rates daily and will publish a full review as soon as product details are available.
What happens if I withdraw from a CD early?
Most CDs charge an early-withdrawal penalty — typically 60 to 150 days of interest depending on the term. Breaking a 12-month CD at month 3 with a 90-day penalty can reduce your effective yield to near zero. Always read the fee schedule before opening.
Is a CD FDIC insured?
Yes. Certificates of deposit at FDIC-member banks are insured up to $250,000 per depositor. The fixed rate and FDIC coverage make CDs one of the safest places to hold cash you can afford to leave untouched for the full term.
What is a CD ladder?
A CD ladder splits your savings across multiple CDs with staggered maturities — for example, 3-month, 6-month, and 12-month terms. As each CD matures, you reinvest at the current rate, giving you the higher rates of longer terms and regular access to a portion of your cash.
Can the CD rate change after I open it?
No. The APY on a standard CD is locked at the opening rate for the full term. This is the main advantage over a high-yield savings account: you know exactly what you will earn, regardless of future Fed rate cuts.
Rates are sourced from Bankrate and verified by SwitchWize. SwitchWize may earn a referral fee when you click through to a partner. Content is for informational purposes only and does not constitute financial advice. Verify current rates directly with the institution before opening an account.