High Yield CDs
The bank account and interest rate you choose will affect your financial future in a number of ways. This holds true both for CD's, money market, and savings and checking accounts.
As you compare options, consider the following details: bonuses and promotions, fees, interest rates, account features, safety and security, cross-product offerings, and brand recognition (among others that are important to you).
Whether you are moving your balance or starting with new funding, we have you covered with a clean and easy to understand comparison of some of the top banks in the US.
CIT 1-Year Term CD
Highest APY Yield: 0.30%
- $1,000 minimum to open
- Daily compounding interest to maximize your earning potential
- FDIC insured*
About CIT Bank
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender).
Our Take
CIT is a leading provider of certificates of deposit (CDs) due in large part to its reputation, ease of purchase, and industry-competitive interest rates.
Backed by CIT Group Inc. (NYSE: CIT), there are no concerns about the legitimacy of this product. Furthermore, when you buy a high APY yield 1-year term CD from CIT you gain access to the following benefits:
- Daily compounding interest to maximize your earning potential
- 0.30% yield
- FDIC insured
There’s only a $1,000 minimum to purchase a CIT 1-year term CD, making it a good fit for most buyers. Add this to the ability to complete the process online and it’s easy to take action when you’re ready.
Terms and Conditions
* CIT Bank, N.A. and OneWest Bank, a division of CIT Bank, N.A. are the same FDIC-insured institution. Deposits held under each name are not separately insured, but are combined to determine whether a depositor has exceeded the $250,000 federal deposit insurance limit, per depositor for each account ownership category. For purposes of calculating aggregate deposits held in CIT Bank, N.A., you should include deposits held in OneWest Bank.
Availability
Available nationwideContact CIT Bank
Customer Service: 1 (855) 462-2652
Fraud, Disputes & Related Issues: 1 (855) 462-2652
Quontic Bank Certificate of Deposit
Highlights: 5 Maturity Date & Rate Options
Highest APY Yield: 2.86%
- Earn up to 2.86% Annual Percentage Yield (APY)
- Open an account online in just 3 minutes
- Minimum of $500 required to open.
About Quontic Bank
Quontic is the adaptive digital bank helping people grow their money with purpose. We’re changing the narrative of traditional banking – Quontic is innovative, digital-first, and customer-centric without sacrificing the personal touch.
Our Take
As an adaptive digital bank with a forward-thinking approach, you should expect the best of the best from Quontic. And that's exactly what you get with a Quontic Bank certificate of deposit (CD).
With a five-year maturity date, you will earn up to 2.86% APY on your deposit. And speaking of deposits, there's a $500 minimum — which is less than most similar products.
If you're ready to purchase a five-year Quontic Bank CD, you'll be glad to know that you can do so within a matter of minutes. Best yet, you never have to leave home. Once your account is active, you can manage it — and track your savings — from anywhere you have an internet connection.
Terms and Conditions
Withdrawals before the maturity date are subject to penalties.
Availability
Available nationwideContact Quontic Bank
Customer Service: 1-800-908-6600
We are adding more banks and updating rates daily, so check back often if you are waiting for the right deal.
Also, it's critical to only compare FDIC-insured banking institutions, of which there are more than 4,800 throughout the country.
