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Term CDs Up to-

Achieve your short-term goals and long-term dreams. $1,000 minimum opening deposit.

Save for your goals with a CIT Bank CD

$1,000 minimum to open

A penalty may be imposed for early withdrawal of principal, and any early withdrawal (principal or interest) will reduce earnings.

CD Term Rates

Benefits of our Term CDs

  • No account opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • FDIC insured4

Best 1-Year CD Rate
Bankrate’s Safe & Sound® Rankings

Your hard-earned money
deserves a hard-working bank5

Why a Term CD is a smart choice

Retirement savings

We have a variety of Term CDs to help you save for retirement and tap into for retirement income.

Lock in an interest rate

Skip the drama of market volatility and fluctuations. CDs are a great way to reach your savings goals with a set rate and schedule. 

Open a Term 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 your interest and growth

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

Try our calculator

Why you should consider a 1-Year CD

A lot can happen in a year. Learn why a 1-year CD might be the perfect savings product for you. 

Learn more

A locked-in rate to reach your goals

Open an account today. 

Member FDIC - Teal text

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.