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  • personal-savings-illustration-of-bank

    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*

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    Bankrate’s Safe & Sound® Five Star Rating Q2 2017
    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

  • 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

    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.