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 No-Penalty, 11-Month CD
Highlights: Security and flexibility with access to funds. $1,000 minimum opening deposit.
Highest APY Yield: 4.80%
- No penalty to access funds if needed before maturity*
- No opening or maintenance fees
- 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 11 month term CD from CIT you gain access to the following benefits:
- Daily compounding interest to maximize your earning potential
- 4.80% yield
- FDIC insured
There’s only a $1,000 minimum to purchase a CIT 11 month 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
* APY — With a No-Penalty CD, you may withdraw the total balance and interest earned, without penalty, beginning 7 days after funds have been received for your CD. No withdrawals are permitted during the first 6 days following the receipt of funds.
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: 4.75%
- Earn up to 4.75% 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 4.75% 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.
