Topic: CIT Bank is offering a 1.85% 11-Month No Penalty CD

CIT Bank is offering an 11-Month No Penalty CD.  11-Month No Penalty CDs were recently pioneered by Ally and offers deposits an easy and risk-free way to gain a slight improvement over savings rates without taking on any risk.  Ally's products can be cancelled in 2 minutes with a phone call if you need the money (or want to move to a different product, such as a higher 11-Month No Penalty CD).  CIT's products are structured similarly although they may try harder than Ally to create barriers stopping early redemption.  You can learn more about the CIT product and see other special-term CDs here: https://www.bestcashcow.com/cd/online-rates-specials