Daily News: June 13, 2014

CIT Bank Launches Family of Flexible CDs

CIT Group’s CIT Bank announced the launch of its RampUp Family of CDs that are term CDs offering customers the flexibility to raise their interest rates once during the CD’s term should rates go up.

The new offering provides another advantage of allowing customers to add funds to their initial deposit one time during the CD’s term.

“Our RampUp Family of CDs is truly built around our customers, offering more flexibility than traditional CDs with the same competitive rates,” said Nelson J. Chai, president of CIT Group, chairman and CEO of CIT Bank. “The launch of these new CDs will provide customers with a broader range of terms and give them the ability to adjust to market fluctuations. It’s a great way to help our customers achieve their savings goals and we encourage them to consider opening an account today.”