Update on March 2nd, 2018: CIT Bank has leapfrogged the Dollar Savings Account by increasing the rate on their 11-Month, No-Penalty CD to 1.85%. As a no-penalty CD, it can be thought of as a liquid savings vehicle that just requires more effort to withdraw funds. You can read more about CIT’s No-Penalty CD and […]
Update on March 2nd, 2018: CIT Bank has leapfrogged All America Bank’s Mega Money Market account by increasing the rate on their 11-Month, No-Penalty CD to 1.85%. As a no-penalty CD, it can be thought of as a liquid savings vehicle that requires more effort to withdraw funds. You can read more about CIT’s No-Penalty […]
Ally Bank previously had a 1.75% APY promotion for the top tier of its no-penalty CD which ended on January 2nd, at which time the rate returned to 1.6%, which was still better than CIT’s no-penalty CD rate of 1.55%, so long as you were investing at least $25K. Unfortunately, Ally has again lowered the […]