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No-Penalty CD -

Security and flexibility with access to funds. $1,000 minimum opening deposit.

Benefits of our No-Penalty, 11-Month CD

  • No penalty to access funds if needed before maturity2
  • No opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • FDIC insured*
GOBankingRates' Top 10 Best Online Banks of 2018
Bankrate’s Safe & Sound® Rankings

Your hard-earned money
deserves a hard-working bank3

No penalty. No problem.

Get the security of a CD with the flexibility to access your funds early if you need them.  Lock in a great rate for 11 months. If you need your funds prior to the maturity date, you can withdraw your money — including any interest earned — beginning seven days after the funds have been received.

Why a No-Penalty, 11-Month CD is the right choice for your savings goals

Lock the rate, but keep the key Whatever your financial goal, lock in a guaranteed rate and get access your funds when you need them.

Open a No-Penalty, 11-Month CD in 3 simple steps

Enter your info

You’ll need to provide your address, phone, email and social security number (or other taxpayer ID).

Fund your account

Minimum of $1,000 to open your account. You can transfer funds with electronic transfer, mail in check, or wire.

Now you're done

We'll send a confirmation email.

Calculate both time and money

Use this calculator to find out how much interest you can earn.

Try our calculator

Convenient access from anywhere

Easy access to your account 24/7 on your computer or with the CIT Bank mobile app.

High fixed rate, plus access funds

Open an account today.

Member FDIC

Your money is safe and sound.

CIT Bank, N.A. is a member of the Federal Deposit Insurance Corporation (FDIC), which means your deposit accounts are insured up to $250,000 per depositor, for each account ownership category.