siftswift

TL;DR Most recently, in early January 2019, Marcus by Goldman Sachs leapfrogged Ally Bank’s 11-month, no-penalty CD earning 2.30% on $25K+ deposits by raising the rate on their 13-month, no-penalty CD to 2.35%. While CIT Bank’s 11-month, no-penalty CD continues to lag at just 2.05%, CIT has instead chosen to compete with their Savings Builder […]

At the end of 2018 I wrote an article that summarized the late 2018 developments in the no-penalty CD space and wrapped it up by wondering how those changes would trigger responses from competitors, particularly CIT which seemed to be lagging at that time.  Well, earlier this month, CIT did respond, but not with a […]