Sentences with phrase «cit rates»

The unconditional correlation between federal CIT rates and federal CIT revenues (as a percentage of GDP) is actually negative.

Federal cabinet ministers and Neil Reynolds have boldly asserted that lower CIT rates will increase CIT revenues.

According to many mainstream (â $ ˜neoclassicalâ $ ™) economists, reducing CIT rates was a wise public policy.

Here is a graph of CIT rates and CIT revenues for OECD countries over the last 30 years (click on the graph to open a larger version in another window):

The policy experiment is to change the combined CIT rate, see what effect it has on the tax base, apply the (new) federal rate and the (old) provincial rates and compare the result to the base case.

Provincial CIT revenues in 2011 were $ 22.034 b, which works out to an average provincial CIT rate of 11.04 %.

So from what i read, a smart gov. could increase the cit rate to an amount that quiets the left wing while having a small impact on actual revenue since corporations have a greater incentives to hide their profits and pump up their expenses.

So you'd conclude that the January 1, 2012 reduction in the CIT rate from 16.5 % to 15 % would reduce revenues by about $ 3b, and increasing the federal rate from 16.5 % back to (say) 24 % would increase CIT revenues by some $ 15b - almost one per cent of GDP.

Another thing to consider is that the relevant CIT rate is the combined federal - provincial rate.

The key concept in this literature is the tax base elasticity: the parameter describing how the CIT base responds to variations in the CIT rate.

Not exact matches

Boasting one of the best interest rates, CIT Bank might be the best high - interest savings account for you, and you can open one with a $ 100 minimum deposit.

We have assumed a phased increase of two points in the CIT raising the rate from 15 per cent to 17 per cent.

If the purpose of the CIT was as you describe, we could readily achieve that goal by having a 0 % rate on active business income and a 46 % rate on passive investment income (with a component that was refundable when dividends are paid).

Both find strong evidence that CIT bases are highly sensitive to changes in tax rates.

While CIT Bank advertises higher - than - average rates, it may not be the highest available.

Plus, CIT Bank compounds interest daily, which means your money grows quickly at a competitive rate.

All in all, the combination of these services and a strong interest rate mean that CIT Premier High Yield Savings remains our choice for best high - yield savings option for another year.

CIT Bank's CIT Premier High Yield Savings account earns 1.55 % APY, a rate that's almost as high as the best offer currently available.

In the public market, CIT, which provides financing and advisory services to small businesses and middle - market companies, sold $ 1 billion of senior unsecured notes due 2019 at an interest rate of 3.875 %.

CIT Bank wins out as the strongest choice for online savings based on its rate of 1.55 % APY, which is among the highest available for a savings account.

This means that CIT's no - penalty CD rate of 1.55 % is now superior to all tiers of Ally's competing product.

As of this writing, CIT is offering a rate of 1.35 % on this savings account.

Savings rates have been moving up and CIT Bank's Premier High Yield Savings Account is one of the nationally - available savings accounts that has been keeping pace with the leaders.

Curiously, this rate increase puts CIT's savings account on par with their no - penalty, 11 - month CD, which also currently earns 1.55 %.

First, CIT tends to have the highest rates.

On January 3rd, CIT raised the rate on their Premier High Yield Savings from 1.35 % (for balances up to $ 250K; 1.3 % above $ 250K) to 1.55 % on all deposit amounts, even above $ 250K.

But every time I look at rates, CIT always seems to trump the others.

Also be aware that CIT recently raised the rate on their Premier High Yield Savings Account to 1.55 %.

While CIT Bank has no monthly fees and no minimum required to earn interest, the bank's lack of checking account products means that you'll have to bank at two places in order to access the high rate.

CIT Bank's High - Yield Savings Account offers some of the top rates in the industry, at 1.35 percent APY.

Boasting one of the best interest rates, CIT Bank might be the best high - interest savings account for you, and you can open one with a $ 100 minimum deposit.

Ally Bank, American Express Bank, Barclays Bank Delaware, CIT Bank, Capital One, Discover, FNBO and Synchrony rates accurate as of today.

TL; DR Most recently, on the morning of March 2, 2018, CIT Bank increased the APY for their no - penalty 11 - month CD product to 1.85 % from 1.55 %, further solidifying their rate leadership.

Apart from rates, the noteworthy differences between the CIT money market and savings account are:

Update on March 2nd, 2018: CIT Bank has leapfrogged All America Bank's Mega Money Market account by increasing the rate on their 11 - Month, No - Penalty CD to 1.85 %.

Filed Under: Banking Advice Tagged With: Ally Bank, angry retail banker, APY, CIT Bank, CIT bank savings account, community bank, emergency funds, FDIC insured, interest rate, internet bank, online bank, Premier High Yield Savings Account, retail banker, retail banking, review, savings account

Update on March 2nd, 2018: CIT Bank has leapfrogged the Dollar Savings Account by increasing the rate on their 11 - Month, No - Penalty CD to 1.85 %.

CIT Bank wins out as the strongest choice for online savings based on its rate of 1.55 % APY, which is among the highest available for a savings account.

I just wrote about how Ally's no - penalty, 11 - month CD had leapfrogged CIT Bank for deposits of $ 25,000 and above by raising their rate from 1.5 % to 1.6 %, thereby beating CIT's 1.55 % rate.

If you're willing to earn a slightly lower rate in order to get a better mobile banking experience, then you may prefer the CIT Premier High Yield Savings Account.

If you happen to already have funds in a CIT no - penalty CD or savings account, you can easily role these funds over into a new no - penalty CD (or multiple no - penalty CDs if you prefer) to take advantage of the new, higher rate.

Here are some example of rates from CIT Bank as of 10/2012:

CIT's lower rates are still some of the best around (1.00 % APY for no minimum balance), so if you plan on growing your savings significantly in the near future, it might pay to open this account now and take advantage of the tiered structure as your savings grows.

CIT's savings account offers a tiered interest rate structure, so higher balances earn higher interest.

If high interest rates are a priority for you, CIT Bank's Premier High - Yield Savings Account, with an APY of 1.55 %, is worth a close look.

For instance, the bank's RampUp ™ CDs give you one opportunity to adjust the interest rate for your deposit if CIT raises its own interest rates some time after you open the CD.

While the interest rates for Citibank's savings accounts and CD options are much lower than those at CIT Bank, Citibank's international service network and comprehensive line of financial services dwarf the limited choices you have at CIT Bank.

The wide range of high - rate options at CIT Bank include a number of CD accounts which help customers avoid common problems such as early withdrawal penalties and the risk of missing out on future rate increases.

Because CIT Bank is an online - only bank, its lower operating costs allow it to offer CD rates that are several times greater than the national average.

CIT Bank is the leading choice for consumers who want to maximize their interest rates for savings accounts and certificates of deposit (CDs).