For long term jumbo CD rates, the best rates on the market are the CD products coming from CIT Bank.  CIT Bank is an FDIC insured bank that offers several different savings options directly to consumers online.  Among the bank savings products promoted to new and existing customers are jumbo certificates of deposit, jumbo certificates of deposit that currently earning the best CD rates available nationally.

The CIT Bank jumbo CDs require a minimum deposit of $100,000.00.  The bank jumbo CDs have no administrative opening or monthly maintenance fees on these accounts.  The CD interest earned is compounded daily.  The CD accounts are set up with automatic renewal with a grace period before the account renews into a new term and rate.  CD accounts can be opened through the online application process found on the bank website.

Current jumbo CD rates offered by CIT Bank include the following interest rates and terms for July 17, 2013:

A two year jumbo CD rate is at 1.20%.
The three year jumbo CD interest rate is 1.30%.
The CIT Bank four year jumbo CD rate is 1.55%.
A five year jumbo CD yields 1.75%.

The CD rates are current as of July 17, 2013 and are subject to change at any time without notice.  The bank CD interest rates are based on the institution’s online published rates and may have changed since this publication date.  Early withdrawals from the bank CD accounts are subject to a penalty fee.  Additional terms and conditions may apply.

The bank and bank CD information is believed to be reliable, but the information is not guaranteed.  Contact the bank directly for the most up to date and accurate bank rates and account terms and conditions.  A CIT Bank customer service representative can be reached by calling the bank at 855-462-2652.  The bank website can be found at bankoncit.com.

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