• Institutional Deposit Group

    Get custom term certificates of deposit and money market savings accounts with superior service and pricing.
  • CIT Institutional Deposit Group

    CIT Institutional Deposit Group offers CD's and money market savings accounts for middle market businesses. We have an IDC rating of 277 and are committed to service, pricing, quality and execution.

    Rates below are for commercial and institutional customers only. CDs require a minimum opening deposit of $50,000. Current interest rates and Annual Percentage Yield (APY) are effective as of 11/12/2018. Rates subject to change.

  • Custom Term Certificate of Deposit


    Custom Term Certificate of DepositInterest RatesAPY
     31 - 89 Days 0.10% 0.10%
     3-5 Months 0.25% 0.25%
     6-8 Months 1.35% 1.36%
     9-11 Months 0.61% 0.61%
     12 Months 1.60% 1.61%
     13 - 17 Months 1.70% 1.71%
     18 - 23 Months 1.75% 1.77%
     24 - 35 Months 1.75% 1.77%
     36 - 47 Months 1.20% 1.21%
     48 - 59 Months 1.30% 1.31%
     60 Months 1.40% 1.41%


    Product Features and Requirements:

    • Minimum opening commercial deposit is $50,000.00. 
    • The CD is NOT callable. Once an account is opened and funded, the rate is guaranteed for the term of the account. Withdrawals may reduce earnings. 
    • Early withdrawal penalties may apply.
    • CD terms range from 31 days to five years.


    • Unless we notify you otherwise, your CD will automatically renew for the minimum renewal term for your type of account at the rate then in effect for accounts of the same type and amount. CD accounts that do not renew automatically will stop earning interest at maturity. Unless we specifically state otherwise, any bonus we are offering to new accounts will generally not apply to automatically renewing CD accounts.


    • Interest is compounded daily and can be paid monthly, quarterly, semi-annually or annually, by ACH or check.  
  • Money Market Savings

    Money Market SavingsInterest RatesAPY
      <$10,000 0.05% 0.05%
     $10,000-$24,999 0.15% 0.15%
     $25,000-$5,000,000+ 1.30%  1.31% 


    Product Features and Requirements: 

    • You can avoid a $15 monthly service fee in one of two ways: Maintain a $5,000 minimum daily balance, or
      maintain a $10,000 average monthly balance. 
    • Interest is variable, compounded daily and paid monthly. 
    • Check writing, ATM or Debit Card is not available.
    • You earn a competitive, tiered interest rate on the entire daily balance.
    • Limited transaction account. See account disclosure for more information. 
    • Fees may reduce earnings.
  • Member FDIC logo  CIT Institutional Deposit Group products are provided by CIT Bank, N.A.