*The Annual Percentage Yield (APY) for the 11-Month Certificate of Deposit (CD) is 1.55%. The APY for the 15-Month CD is 1.70%. These APYs are accurate as of January 15, 2018 and are subject to change without notice. The 11-Month and 15-Month CD products may be discontinued at any time. The minimum deposit required to open an 11-Month or 15-Month CD is $10,000. Funds deposited must be new money, meaning funds not already on deposit or held at OneWest Bank, a division of CIT Bank, N.A. ("OneWest Bank") or BankOnCIT.com ("CIT") at the time of account opening. Funds withdrawn from OneWest Bank or CIT within 90 days prior to account opening are also restricted. Minor accounts and employees of CIT Group Inc. or any of its affiliates, including CIT Bank, N.A. and its OneWest Bank division, are ineligible. The 11-Month and 15-Month CDs are personal accounts and cannot be opened under the name of a business. The 11-Month and 15-Month CDs are not available as an on-line Individual Retirement Account (IRA).
- Upon maturity, the 11-Month CD will be automatically renewed as a 1-Year Term CD at the then-published APY.
- Upon maturity, the 15-Month CD will be automatically renewed as a 13-Month Term CD at the then-published APY.
The interest rate and APY remain constant for the term of the CD account, except that no interest is paid on balances falling below $1,000. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. See the OneWest Bank Account Disclosures for Personal Accounts for complete terms, fees and conditions.