CIT Bank offering 1 yr CD with 2.50% APY

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Ricchan
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CIT Bank offering 1 yr CD with 2.50% APY

Post by Ricchan » Fri Jul 13, 2018 10:30 pm

CIT Bank is offering 2.50% on a 1 year CD (min $1k), which is higher than what is listed right now for new CDs on Vanguard's "Quick search" table.

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Brokered 1 yr CDs on Vanguard will probably hit 2.50% sooner or later, so this is probably not that big a deal. I'm just throwing this out there for anyone who wants a few extra bp right now. :)

(Note: As with a lot of other banks, when your CD matures, you'll have to contact CIT to have the funds moved to another account, otherwise they will automatically roll it into a new CD with the same term which, given their history, will probably not be competitive at all.)

nalor511
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Re: CIT Bank offering 1 yr CD with 2.50% APY

Post by nalor511 » Fri Jul 13, 2018 10:56 pm

Andrews has 9mo 2.75% . CIT holds all pulled funds for 7+days.

https://slickdeals.net/f/11773155-andre ... cd-special

mega317
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Re: CIT Bank offering 1 yr CD with 2.50% APY

Post by mega317 » Fri Jul 13, 2018 11:35 pm

Also note the 52 week treasury is around 2.35% which is better for many who pay state income tax, as well as possibly more convenient and more liquid.

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Ricchan
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Re: CIT Bank offering 1 yr CD with 2.50% APY

Post by Ricchan » Sat Jul 14, 2018 12:20 am

mega317 wrote:
Fri Jul 13, 2018 11:35 pm
Also note the 52 week treasury is around 2.35% which is better for many who pay state income tax, as well as possibly more convenient and more liquid.
That's a good point! I suppose I got excited seeing a CD from an online bank with a higher yield than what you can find on Vanguard. That rarely happens, at least in my memory.

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