![]() ![]() ![]() Their other term options pay a nominal yield that won’t do much to attract your attention. That’s been music to the ears of savers who have been able to take advantage of higher yields for their cash, especially when it comes to the best CDs.ĬIT Bank currently offers three CD terms that are worthy of consideration (6-month, 13-month and 18-month Term CDs), as well as an 11-month no-penalty CD option. Interest rates have been on the rise, ever since the Federal Reserve began raising them in 2022, to moderate soaring price gains in the aftermath of the economic lockdowns imposed following the pandemic. Grace period for penalty-free withdrawals after maturity Terms of 1 year or less: 3 months simple interest on the amount withdrawn Terms more than 1 year to 3 years: 6 months simple interest on the amount withdrawn Terms more than 3 years: 12 months simple interest on the amount withdrawn Jumbo CDs: 2-Year, 3-Year, 4-Year and 5-Year Short-term CDs: 6-Month, 13-Month, 18-Month, 1-Year, 2-Year, 3-Year, 4-Year and 5-Year ![]()
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