

AI ScoreAnalysis
55/ 100
- While a CD is a safe investment option, the 3.50% APY is only slightly above typical rates for similar short-term CDs from major institutions, which hover around 3.0-3.25%.
- Synchrony Bank is a reputable online bank known for competitive rates.
- A 13-month term is a bit unusual, typically CDs are offered in 12-month or 18-month increments.
- There are standard fees and early withdrawal penalties associated with CDs, which are not explicitly mentioned but should be factored into the overall value.
- This is an average deal for a CD. It’s suitable if you want a basic CD, but better rates can likely be found with some research.
Looking for a safe and reliable way to earn a solid return on your savings? CIT Bank's 13-month CD offers a competitive APY of 3.50%. With a minimum deposit requirement of just $1,000, this CD offers a great way to grow your savings with a fixed rate of return. Your deposit is FDIC insured an is an excellent choice for anyone looking to save some money over the next 13 months! Last Verified 1/30/25.
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