Online CD

1.40%APY
Annual Percentage Yield
on 5 YEAR CD
Read Disclosures

Our versatile CDs are tailored for both high performance and your savings needs.

  • Competitive 3-Month to 5-Year Rates
  • Fixed Rate for Term of CD
  • 7-Day Grace Period1

Open an Account

Different deposit products and interest rates may be available at our BankOnCIT.com online channel.

  • Features
  • Rates

Features
DescriptionOur versatile CDs are tailored for both high performance and your savings needs.
Minimum to Open$1,000
Earns InterestYes, Fixed Rate for the Term of the CD. Rates vary depending upon term selected.
Minimum Balance to Earn Interest$1,000
Interest Rate TiersN/A
Check WritingNot Available
OneWest ATM/Debit CardNot Available
WithdrawalsOnly at Maturity. Penalty may be imposed for early withdrawal.
Grace Period7 Days

For CDs that automatically renew, there is a seven-day grace period, which begins on the maturity date, when funds can be transferred to another account of withdrawn without penalty.

Retirement AccountAvailable as an IRA
Extras
  • Access to 24/7 banking through online, mobile and via an automated telephone
  • Competitive rates
  • Terms of 3 months to 5 years
Online
TermInterest RateAPY
3 Months0.300 %0.30 %
6 Months0.548 %0.55 %
9 Months0.598 %0.60 %
1 Year0.648 %0.65 %
13 Months0.846 %0.85 %
18 Months0.995 %1.00 %
2 Years1.094 %1.10 %
3 Years1.193 %1.20 %
4 Years1.292 %1.30 %
5 Years1.390 %1.40 %
Open an Account

Different deposit products and interest rates may be available at our BankOnCIT.com online channel.

The Annual Percentage Yields (APY) are effective as of 11/05/2016 and are subject to change without prior notice until account opening. Fees may reduce earnings. The minimum deposit to open a CD account and obtain the APY is $1,000. A penalty may be imposed for early withdrawal. Withdrawal of funds (whether early or upon maturity) by official bank check or wire is subject to the current official check or wire fee. See Fee Schedule and Account Disclosures for details. IRS penalties may apply for early withdrawal from an IRA account. Consult your tax advisor for more information.

To obtain the interest rate and APY disclosed, the minimum balance for the applicable balance tier must be maintained.

Bank with Southern California's Trusted Bank

Since we first opened our doors, we've been committed to our neighbors. OneWest Bank was founded as a regional bank, dedicated to customer service and a commitment to the community. As a division of CIT Bank, N.A., that commitment continues and we're proud to be Southern California's hometown bank.

FDIC Insured up to $250,000

OneWest Bank, a division of CIT Bank, N.A. and CIT Bank, N.A. are the same FDIC-insured institution. Deposits held under each name are not separately insured, but are combined to determine whether a depositor has exceeded the $250,000 federal deposit insurance limit, per depositor for each account ownership category. For purposes of calculating aggregate deposits held in OneWest Bank, a division of CIT Bank, N.A., you should include deposits held in CIT Bank, N.A.

Open an Account Back to CD Overview

1 For CDs that automatically renew, there is a seven-day grace period, which begins on the maturity date, when funds can be transferred to another account or withdrawn without penalty.

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E-SIGN AGREEMENT FOR ONLINE ACCOUNT OPENING

As part of your establishing a new deposit account with us through the Online Account Opening process, you are entitled by law to receive certain information in writing. The federal E-SIGN Act allows us to provide this information to you electronically, instead, with your prior consent. Therefore, before you open a new deposit account through this process, you must review and consent to the terms outlined below.

In this consent, "we", "us", "our", and "bank" are used to refer to OneWest Bank whose account(s) are obtained through the Online Account Opening process. "You" and "your" refer to the person giving this consent.

Your Consent to Use Electronic Records and Signatures
Disclosures and other information we provide to you during this process may be in electronic format ("electronic records"). We may also use and obtain from you electronic signatures (for example, your clicking a button as evidence of your consent or agreement to something). However, we will deliver your periodic account statements on paper unless you elect to do so by agreeing to such service.

Your Option to Receive Paper Copies
If we provide you with electronic records during this process, and you want a copy in paper, you may contact us at 877.741.9378 or visit one of our branches and request a paper version. The paper version will be mailed to you at no cost.

Your Consent Only Covers This Deposit Account
Your consent only covers the electronic records applicable to opening this deposit account through the Online Account Opening process. You will be required to provide your consent each time that you open a deposit account through this process.

You May Not Withdraw Your Consent
Once your account is opened through the Online Account Opening process, you may not withdraw your consent to use electronic records and signatures as this consent only applies to electronic records applicable to the opening of this deposit account.

You Must Keep Your Email or Electronic Address Current With Us
In order for us to be able to provide you with important notices and information related to the opening of this deposit account, you must ensure that the contact information that you enter during the Online Account Opening process is correct. This includes, but is not limited to, name, address, phone numbers, and e-mail addresses.

Hardware and Software You Will Need
To open this deposit account through the Online Account Opening process, Internet Browser software that supports RC4 with 128-bit encryption, a current version of a program that accurately reads and displays PDF files (such as Adobe Acrobat Reader), a printer if you wish to print out and retain records, disclosures, etc. on paper, and a current and valid e-mail address are required. You are responsible for the installation, maintenance, and operation of the computer and browser software that you use during the Online Account Opening process.

Supported
PC Platform
Windows 7 Internet Explorer 11, Mozilla Firefox® 47.0, Google Chrome™ 51.0
Windows 8.1 Internet Explorer 11, Mozilla Firefox® 47.0, Google Chrome™ 51.0
Windows 10 Internet Explorer 11/Edge, Mozilla Firefox® 47.0, Google Chrome™ 51.0
Macintosh Platform
Mac OS X 10.10
(Yosemite™)
Apple Safari® 9.0, Mozilla Firefox® 47.0
Mac OS X 10.11
(El Capitan™)
Apple Safari® 9.0, Mozilla Firefox® 47.0
iPad® Apple Safari® 8.0
iPad® mini Apple Safari® 7.1

Your Ability to View Electronic Disclosures
Please click this link GENERAL DISCLOSURES to verify that you are able to view the electronic disclosures related to the opening of this deposit account. You do not need to read them now. You will be given the opportunity to read and agree to them later in the Online Account Opening process.

Please indicate your consent to use electronic records for the purpose of opening this deposit account through the Online Account Opening process by clicking the "ACCEPT" button below. By providing your consent, you are also confirming that you have the hardware and software described above, and that you are able to view electronic records. You are also confirming that you are authorized to, and do, consent on behalf of all co-owners of the deposit account being opened

Important Information About FDIC Insurance Coverage

OneWest Bank, a division of CIT Bank, N.A. and CIT Bank, N.A. are the same FDIC-insured institution. Deposits held under each name are not separately insured, but are combined to determine whether a depositor has exceeded the $250,000 federal deposit insurance limit, per depositor for each account ownership category. For purposes of calculating aggregate deposits held in OneWest Bank, a division of CIT Bank, N.A., you should include deposits held in CIT Bank, N.A.

By clicking "ACCEPT" below I acknowledge receipt of the foregoing disclosure about FDIC Insurance coverage.

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