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  • personal-savings-illustration-of-bank

    Term CDs
    Up to-
    %
    APY1

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

    personal-savings-illustration-of-beach-palm-tree-surfboard
  • Save for your goals with a CIT Bank CD

    $1,000 minimum to open

    TermAPY 1
    18-Month2-%
    13-Month3-
    1-Year-%
    5-Year-%
    4-Year-%
    2-Year-%
    3-Year-%
    6-Month-%

    Benefits of our Term CDs

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

  • Magnify money logo
    Best 1-Year CD Rate
    Bankrate’s Safe & Sound® Five Star Rating Q2 2017
    Bankrate’s Safe & Sound® Rankings

    Your hard-earned money
    deserves a hard-working bank5

  • Why a Term CD is a smart choice

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    Retirement savings

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

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    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

    1

    Enter your info

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

    2

    Fund your account

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

    3

    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

    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.