High Yield Savings Account vs CD [Earn 5.05% Interest]

If you're looking to save money and earn a higher rate of interest, CIT Bank offers two great options: High Yield Savings Accounts and CDs. High Yield Savings Accounts allow you to earn a competitive interest rate while still having access to your money when you need it. On the other hand, CDs offer a fixed interest rate for a set period of time, which means you may earn a higher rate of interest, but you'll have to lock your money away for a certain amount of time. In this video, we'll take a closer look at both options, and help you determine which one is right for your financial goals. Whether you're saving for a short-term goal or a long-term investment, CIT Bank has the right account for you. Let's dive into the differences between High Yield Savings Accounts and CDs.

💵6 Month CD: 5.00% - $1,000 minimum 👉🏼
💵13 month CD: 4.65% - No minimum 👉🏼
💵18-month CD: 4.60% - $1,000 minimum 👉🏼
💵No-penalty CD: 4.80% - $1,000 minimum 👉🏼

Check out the other CIT Accounts:
💵6 Month CD: 5.00% - $1,000 minimum 👉🏼
💵13 month CD: 4.65% - No minimum 👉🏼
💵18-month CD: 4.60% - $1,000 minimum 👉🏼
💵No-penalty CD: 4.80% - $1,000 minimum 👉🏼

🙋🏼‍♀️Don't Put Your Eggs In One Basket! I Have Multiple Brokerage Accounts!

Videos Mentioned:👇

CIT Bank Review | Best High Yield Savings Account? Pros and Cons of CIT Bank
#citbank #citbankreview #highyieldsavings

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I am not a financial advisor. The ideas presented in this video are personal opinions and for entertainment purposes only.

[jayt]

If I put money in this high yield savings account, do I get an ATM card or how do I access this account?
I'm going to use it as a savings but access is a must

[chprod]

This video doesnt really help. If i have a savings account at a 4.25 interest rate, why on earth would i open a CD with the same rate?
Thats the question i thought this video would cover, but apparently not.