CIT Bank Offering Highest APY of 1.25% On 24-Month CDs

CIT Bank is offering 1.25% APY on 2-year CDs, which is the highest rate for deposits of that duration. CIT Bank topped the leaderboard after Astoria Federal Savings reduced its rate on 2-year CDs from 1.25% to 1.05%. The minimum deposit needed to avail the highest deposit rate is $25,000.

Closest competitors to CIT Bank, in terms of its 2-year CDs APY, include ableBanking with 1.20% APY, EH National Bank with 1.20% APY, MetLife with 1.17% and The National Republic Bank of Chicago with 1.16% APY.