Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

CIT Bank Keeps The Great Deals Coming

Monday, June 23, 2014 - 7:48 AMCIT Bank - Details
By Charles Rechlin at Bankaholic

The bank has sent me an email saying it has unilaterally raised the rate on a 5-year IRA term CD I opened earlier this year from 2.20% to 2.35% APY.  Plus, the new rate applies retroactively to my initial CD funding date. When I asked a customer service representative to explain the unexpected bump-up, he said it related to posted rate increases occurring around the time I opened and funded my CD.

CIT Bank Keeps The Great Deals Coming
ShorebreakShorebreak2,686 posts since
Apr 6, 2010
Rep Points: 14,567