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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

    TermAPY 1

    Benefits of our Term CDs

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

  • Magnify money
    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

    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.