- TERM CDs : These certificates of deposit allow consumers to lock in interest rates for between six months and three years.
- JUMBO CDs : These certificates of deposit offer consumers higher certificate of deposit rates for larger deposits.
|CIT Bank CD Options|
|Savings Option||Term||Minimum to Open||Annual Percentage Yield (APY) 1|
|Achiever CD 2||1-Year||$||25,000||1.08||%|
|Low Minimum Term CD||6-Month||$||1,000||0.45||%|
Individuals interested in receiving future updates on CIT via e-mail can register at http://newsalerts.cit.comAbout CIT Bank Founded in 2000, CIT Bank is wholly-owned subsidiary of CIT Group Inc. (NYSE: CIT). It is regulated by the Federal Deposit Insurance Corporation and the Utah Department of Financial Institutions. As of September 30, 2011, it had $4.9 billion of deposits and $7.5 billion of assets. BankOnCIT.com About CIT Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $34 billion in financing and leasing assets. A member of the Fortune 500, it provides financing and leasing capital to its more than one million small business and middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and global vendor finance. cit.com Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50127287&lang=en