web statistics

CIT Bank's CD Rates and Financial Information

CIT Bank Main Address and Contact Information

2180 South 1300 East, Suite 250
Salt Lake City, Utah 84106

CIT Bank FDIC Certification Number

35575

CIT Bank

CIT Bank Logo
Website: https://www.bankoncit.com/compare-all-products
Rating: StarStarStarStar  (4 out of 5)100

Notes: Received Five-Star BauerFinancial Star Rating(TM). Member FDIC.

CIT Bank CD Rates

Product APY Rate Min. Deposit
1 yr CD 1.320% 1.310% $1,000.00
Rates Updated: 05/26/2017

Articles Related to CIT Bank

Best 1 Year CD Rates April 5, 2017

CD rates continue to move higher this week. We look for the trend of higher CD rates to continue in 2017 as long as there isn't a recession. The Fed is expected to increase the federal funds rate at least two more times this year, which will put more upward pressure on CD rates.

This week, the best 1 year CD rate in the database is now at 1.49 percent with an APY of 1.50 percent. A couple of weeks ago, the top 1 year CD rate was 5 basis points less.

The current national average 1 year CD rate also moved higher this week over last. The current national average 1 year CD rate is at 1.26 percent, up from last week's average of 1.30 percent.

Listed below is top ten 1 year CD rates currently available.

Top Ten 1 Year CD Rates

  1. Connexus Credit Union 1.49% APY 1.50%
  2. VirtualBank 1.45% APY 1.46%
  3. Banesco USA 1.45% APY 1.45%
  4. PurePoint Financial 1.39% APY 1.40% (Tied for 4th place)
  5. Live Oak Bank (Tied for 4th place)
  6. My e-BAnC by BAC Florida Bank (Tied for 4th place)
  7. CD Bank 1.36% APY 1.36%
  8. M.Y. Safra Bank, FSB 1.35% APY 1.36%  (Tied for 6th place)
  9. TAB Bank 1.35% APY 1.36%  (Tied for 6th place)
  10. Synchrony Bank 1.34% APY 1.35% (Tied for 7th place)
  11. AloStar Bank of Commerce 1.34% APY 1.35% (Tied for 7th place)
  12. Home Savings Bank 1.34% APY 1.35% (Tied for 7th place)
  13. First Internet Bank of Indiana 1.32% APY 1.33%
  14. CIT Bank 1.31% APY 1.32%
  15. PenFed 1.30% APY 1.31%

You can view a list of CD rates for all CD terms at MonitorBankRates.com.

    Read more...
CD Rates Report: 1 Year CD Rates as of January 14, 2017

Listed below is a current CD rates report for 1 year certificates of deposit as of January 14, 2017.

Current 1 Year CD Rates

  • Pentagon Federal Credit Union 1.35% Yield 1.36% (tied for 1st place)
  • EverBank 1.35% Yield 1.36% (tied for 1st place)
  • VirtualBank 1.30% Yield 1.31%
  • Live Oak Bank 1.29% Yield 1.30%
  • My e-BAnC by BAC Florida Bank 1.28% yield 1.29%
  • E-Loan 1.27% Yield 1.28% (tied for 5th place)
  • Popular Direct 1.27% Yield 1.28% (tied for 5th place)
  • Pacific National Bank 1.26% Yield 1.27%
  • California First National Bank 1.25% Yield 1.26% (tied for 7th place)
  • TAB Bank 1.25% Yield 1.26% (tied for 7th place)
  • Synchrony Bank 1.24% Yield 1.25% (tied for 8th place)
  • Colorado Federal Savings Bank 1.24% Yield 1.25% (tied for 8th place)
  • Salle Mae 1.24% Yield 1.25% (tied for 8th place)
  • AloStar Bank of Commerce 1.22% Yield 1.23% (tied for 9th place)
  • giantbank AloStar 1.22% Yield 1.23% (tied for 9th place)
  • CIT Bank 1.21% Yield 1.22% (tied for 10th place)
  • BankDirect 1.21% Yield 1.22% (tied for 10th place)

For a list of today's 1 year CD rates in our database go to MontiorBankRates.com.

    Read more...
Highest Deposit Rates November 27, 2016

Variable deposit rates continue to inch slowly higher this week. The best savings rate available is at 1.25 percent with a yield of 1.26 percent. The best money market account rate available is slightly lower at 1.24 percent with a yield of 1.25 percent.

Listed below are the best savings rates and money market rates available in our database for November 27, 2016.

Best Savings Rates

  1. Popular Direct 1.25% Yield 1.26%
  2. Synchrony Bank 1.04% Yield 1.05% (tied for 2nd place)
  3. AloStar Bank of Commerce 1.04% Yield 1.05% (tied for 2nd place)
  4. Goldman Sachs Bank USA 1.04% Yield 1.05% (tied for 2nd place)
  5. Barclays Bank 1.00% Yield 1.00% (tied for 3rd place)
  6. Ally Bank 1.00% Yield 1.00% (tied for 3rd place)
  7. Radius Bank 1.00% Yield 1.00% (tied for 3rd place)
  8. iGObanking.com 1.00% Yield 1.00% (tied for 3rd place)
  9. FNBO Direct 0.95% Yield 0.95% (tied for 4th place)
  10. CIT Bank 0.95% Yield 0.95% (tied for 4th place)
  11. Discover Bank 0.95% Yield 0.95% (tied for 4th place)
  12. Colorado Federal Savings Bank 0.85% Yield 0.85% (tied for 5th place)
  13. My Savings Direct 0.85% Yield 0.85% (tied for 5th place)

Best Money Market Account Rates

  1. EBSBDirect 1.24% Yield 1.25%
  2. EverBank 1.11% Yield (promo rate)
  3. Dime 1.09% Yield 1.10%
  4. firstcentral.direct 1.04% Yield 1.05%
  5. Capital One 1.00% Yield 1.00% (tied for 5th place)
  6. California First National Bank 1.00% Yield 1.00% (tied for 5th place)
  7. Pacific National Bank 1.00% Yield 1.00% (tied for 5th place)
  8. ableBanking, a division of Northeast Bank 1.00% Yield 1.00% (tied for 5th place)
  9. Sallie Mae 0.90% Yield 0.90%
  10. Synchrony Bank 0.85% Yield 0.85% (tied for 7th place)
  11. Ally Bank 0.85% Yield 0.85% (tied for 7th place)
    Read more...
Best Variable Deposit Rates October 12, 2016

Variable deposit rates have been slowly creeping up for the past several months. The interest rate increases have been small; in increments of less than 10 basis points for the most part. Even with the small increases, the best variable deposit rates are almost comparable to best the 1 year CD rates.

The best savings rate on our rate database is at 1.25 percent with an APY of 1.26 percent from Popular Direct. This savings rate is only 4 basis points lower than the top 1 year CD rate in our database at 1.29 percent with a yield of 1.30 percent. The highest money market yield on our list is 5 basis point lower at 1.24 percent with a yield of 1.25 percent.

Listed below are today's current highest savings rates and money market rates

Highest Savings Rates

  1. Popular Direct 1.25% Yield 1.26%
  2. Synchrony Bank 1.04% Yield 1.05% (tied for 2nd place)
  3. AloStar Bank of Commerce 1.04% Yield 1.05% (tied for 2nd place)
  4. Goldman Sachs Bank USA 1.04% Yield 1.05% (tied for 2nd place)
  5. Barclays Bank 1.00% Yield 1.00% (tied for 3rd place)
  6. Ally Bank 1.00% Yield 1.00% (tied for 3rd place)
  7. Radius Bank 1.00% Yield 1.00% (tied for 3rd place)
  8. iGObanking.com 1.00% Yield 1.00% (tied for 3rd place)
  9. FNBO Direct 0.95% Yield 0.95% (tied for 4th place)
  10. CIT Bank 0.95% Yield 0.95% (tied for 4th place)
  11. Discover Bank 0.95% Yield 0.95% (tied for 4th place)
  12. American Express Bank 0.90% Yield 0.90% (tied for 5th place)
  13. Pacific National Bank 0.90% Yield 0.90% (tied for 5th place)

Highest Money Market Rates

  1. East Boston Savings Bank Direct 1.24% Yield 1.25%
  2. EverBank 1.11% Yield (promotional rate)
  3. Dime 1.09% Yield 1.10% (tied for 2nd place)
  4. iGObanking.com 1.09% Yield 1.10% (tied for 2nd place)
  5. Capital One 1.00% Yield 1.00% (tied for 3rd place)
  6. California First National Bank 1.00% Yield 1.00% (tied for 3rd place)
  7. Pacific National Bank 1.00% Yield 1.00% (tied for 3rd place)
  8. ableBanking, a division of Northeast Bank 1.00% Yield 1.00% (tied for 3rd place)
  9. Sallie Mae 0.90% Yield 0.90%
  10. Synchrony Bank 0.85% Yield 0.85% (tied for 4th place)
  11. Ally Bank 0.85% Yield 0.85% (tied for 4th place)
  12. EH National Bank 0.81% Yield 0.81%

To view a current list of savings account rates and money market account rates search our database at SavingsAccount.MonitorBankRates.com.

    Read more...
CIT Bank 1 Year CD Rates now at 1.21%
CIT Bank 1 Year CD rates are now at 1.21 percent with a yield of 1.22 percent. View current 1 Year CD rates at CIT Bank below.     Read more...
1.35% APY - New Highest 1 Year CD Rate in our Database

We have a new best 1 year CD rate in our database. Colorado Federal Savings Bank recently increased their 1 year rate and now has the highest 1 year CD rate at 1.34 percent with a yield of 1.35 percent. Connexus Credit Union had the top 1 year rate at 1.32 percent with a yield of 1.33 percent. You can view a complete list of 1 year CD rates in our database below.

Current 1 Year CD Rates

  • Colorado Rate FSB Rate 1.34% Yield 1.35%
  • Connexus Credit Union Rate 1.32% Yield 1.33%
  • Live Oak Bank Rate 1.29% Yield 1.30%
  • AloStar Bank of Commerce Rate 1.25% Yield 1.26%
  • California First National Bank Rate 1.25% Yield 1.26%
  • My e-BAnC by BAC Florida Bank Rate 1.25% Yield 1.26%
  • Synchrony Bank Rate 1.24% Yield 1.25%
  • Bank Direct Rate 1.24% Yield 1.25%
  • Sallie Mae Rate 1.24% Yield 1.25%
  • iGObanking.com Rate 1.24% Yield 1.25%
  • CIT Bank Rate 1.22% Yield 1.23%
  • First Internet Bank of Indiana Rate 1.20% Yield 1.21%
    Read more...
CIT Bank CD Rates Lowered

CIT Bank CD rates were lowered this week on 5 year and 2 year certificates of deposit. Despite the recent decreases, the bank's rates are still very competitive. Rates were lowered on CIT Bank's regular, jumbo, IRA, and jumbo IRA CD accounts. You can compare these new rates with other CD rates at banks by searching the rate database at MonitorBankRates.com.

CIT Bank CD Rates

BankProductRate (new / old)Yield (new / old)
CIT Bank2 yr CD1.29 / 1.391.30 / 1.40
CIT Bank5 yr CD1.88 / 2.081.90 / 2.10
CIT Bank5 yr jumbo CD1.93 / 2.131.95 / 2.15
CIT Bank2 yr IRA CD1.29 / 1.391.30 / 1.40
CIT Bank5 yr IRA CD1.88 / 2.081.90 / 2.10
CIT Bank2 yr jumbo IRA CD1.34 / 1.461.35 / 1.47
CIT Bank5 yr jumbo IRA CD1.93 / 2.131.95 / 2.15
CIT Bank2 yr jumbo CD1.34 / 1.461.35 / 1.47
    Read more...
3/1/16 - Best Variable Deposit Rates

Listed below are the best variable deposit rates for March 1, 2016. For a list of today's deposit rates search our database of rates at Deposit Rates.

Best Money Market Account Rates

  • EverBank Rate 0.61% Yield 1.11%
  • Silvergate Bank 1.10% Yield 1.10%
  • Dime Rate 1.09% Yield 1.10%
  • Northeast Bank Rate 1.09% Yield 1.10%
  • iGObanking.com Rate 1.09% Yield 1.10%
  • ableBanking Rate 1.00% Yield 1.00%
  • Sallie Mae 0.90% Yield 0.90%
  • Ally Bank Rate 0.85% Yield 0.85%
  • Mutual of Omaha Bank Rate 0.85% Yield 0.85%
  • Synchrony Bank Rate 0.85% Yield 0.85%
  • MyCBB Rate 0.83% Yield 0.83%
  • Discover Bank 0.80% Yield 0.80%
  • EH National Bank 0.80% Yield 0.80%

Best Savings Account Rates

  • Synchrony Bank Rate 1.04% Yield 1.05%
  • GE Capital Bank Rate 1.04% Yield 1.05%
  • Barclays Bank Rate 1.00% Yield 1.00%
  • Ally Bank Rate 1.00% Yield 1.00%
  • iGObanking.com Rate 1.00% Yield 1.00%
  • My Savings Direct Rate 1.00% Yield 1.00%
  • CIT Bank Rate 0.99% Yield 1.00%
  • FNBO Direct Rate 0.95% Yield 0.95%
  • Discover Bank Rate 0.95% Yield 0.95%
  • American Express Rate 0.90% Yield 0.90%
  • Colorado Federal Savings Bank 0.85% Yield 0.85%
    Read more...
Top Deposit Rates for February 24, 2016

Listed below are the top online savings rates and money market rates for 2/24/16.

Top Online Savings Account Rates

  • Synchrony Bank Rate 1.04% Yield 1.05%
  • GE Capital Bank Rate 1.04% Yield 1.05%
  • Barclays Bank Rate 1.00% Yield 1.00%
  • Ally Bank Rate 1.00% Yield 1.00%
  • iGObanking.com Rate 1.00% Yield 1.00%
  • My Savings Direct Rate 1.00% Yield 1.00%
  • CIT Bank Rate 0.99% Yield 1.00%
  • FNBO Direct Rate 0.95% Yield 0.95%
  • Discover Bank Rate 0.95% Yield 0.95%
  • American Express Rate 0.90% Yield 0.90%

Money Market Account Rates

  • EverBank Rate 0.61% Yield 1.11%
  • Silvergate Bank 1.10% Yield 1.10%
  • Dime Rate 1.09% Yield 1.10%
  • Northeast Bank Rate 1.09% Yield 1.10%
  • iGObanking.com Rate 1.09% Yield 1.10%
  • ableBanking Rate 1.00% Yield 1.00%
  • Sallie Mae 0.90% Yield 0.90%
  • Ally Bank Rate 0.85% Yield 0.85%
  • Mutual of Omaha Bank Rate 0.85% Yield 0.85%
  • Synchrony Bank Rate 0.85% Yield 0.85%
  • MyCBB Rate 0.83% Yield 0.83%
  • Discover Bank 0.80% Yield 0.80%

To see variable deposit rates from many banks and credit unions search our rate table at Deposit Rates.

    Read more...
Current CD Rate Changes from Banks and Credit Unions

Several banks and one credit union made changes to the CD rates they offer. The CD rate changes are listed below. You can see a list of rates from many banks and credit unions at MonitorBankRates.com.

BankProductRate (New / Old)Yield (New / Old)
CIT Bank5 yr CD2.08 / 2.182.10 / 2.20
CIT Bank5 yr jumbo CD2.13 / 2.232.15 / 2.25
CIT Bank5 yr IRA CD2.08 / 2.182.10 / 2.20
CIT Bank5 yr jumbo IRA CD2.13 / 2.232.15 / 2.25
Luana Savings Bank6 month $50K CD0.45 / 0.500.45 / 0.50
Nationwide Bank5 yr CD2.03 / 1.932.05 / 1.95
Nationwide Bank5 yr jumbo CD2.08 / 1.982.1 / 2
Pentagon Federal Credit Union1 yr CD1.10 / 1.201.11 / 1.21
Pentagon Federal Credit Union2 yr CD1.3 / 1.401.31 / 1.41
Pentagon Federal Credit Union3 yr CD1.3 / 1.401.31 / 1.41
Pentagon Federal Credit Union5 yr CD1.4 / 1.501.41 / 1.51
Pentagon Federal Credit Union4 yr CD1.3 / 1.401.31

 

Discover Bank5 yr CD2.18 / 1.982.20 / 2.00
Discover Bank5 yr jumbo CD2.18 / 1.982.20 / 2.00
Discover Bank5 yr IRA CD2.18 / 1.982.20 / 2.00
Discover Bank5 yr jumbo IRA CD2.18 / 1.982.20 / 2.00
Lone Star Bank1 yr CD0.80 / 1.240.8 / 1.25
Synchrony Bank5 yr CD2.13 / 2.222.15 / 2.25
    Read more...

Compare CIT Bank's CD Rates With Other Bank Rates Below

CIT Bank Financials

Total Assets: $9,598,957,000
Total Deposits: $6,731,660,000
Equity Capital: $2,208,666,000
Domestic Deposits: $6,731,660,000
Net Income: $18,413,000
Net Income (Quarterly): $18,413,000
Headquarters: Livingston
FDIC Field Office: Salt Lake City
Regulator: FDIC
County: Salt Lake
# of Offices: 1
Metropolitan Statistical Area (MSA): Salt Lake City-Ogden, UT
Consolidated Metropolitan Statistical Area (CMSA):
OTS Region: West
FDIC Region: San Francisco
Last Updated: 2010-01-20
Source: FDIC