Rate hike for No-Penalty CD. CIT Bank (not to be confused with Citi Bank) is an online-only bank that has a multi-year history of competitive rates, although they do like to start up new product lines while keeping low rates on their older product lines. Here are the current noteworthy accounts:
- 11-Month No-Penalty CD at 3.90% APY***. $1,000 minimum balance and no monthly fees.
- Platinum Savings Account at 3.75% APY* if you maintain a $5,000 daily balance or higher. 0.25% APY if your daily balance is under $5,000. No monthly fees. If you have any other savings accounts at CIT and can meet the minimum balance, you should consider moving funds over to this account. You can also open this new account withou...
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