See RatesSecure site · Updated July 2026
- Savings APY
- 4.35% APY
- Monthly fee
- $0
- Min. deposit
- $100
- Sign-up bonus
- None
Why it stands out
CIT Bank highlights
- Elevated rate on balances of $5,000 or more
- No monthly maintenance fee to hold the account
- $100 to open, low relative to the rate on offer
- Backed by First Citizens Bank with FDIC insurance
The verdict at a glance
Pros and cons
Pros
- Top-tier rate rewards larger, stable balances
- Multiple savings products to ladder your cash
- Solid mobile and online account management
Cons
- Best rate requires a $5,000 minimum balance
- Balances under the threshold earn far less
- No ATM card on the savings account
Our full review
Our take on CIT Bank
CIT's Platinum Savings dangles one of the market's higher rates, but the top tier only kicks in once your balance clears $5,000. Keep it funded and you earn well; dip below and the rate drops sharply.
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Figures shown are illustrative editorial examples and may change. Confirm current rates, fees, and terms on CIT Bank’s own site before you apply.
The alternatives
How CIT Bank compares
Other top-rated banks in Online Banking. Compare the numbers side by side before you decide.
| # | Provider | Rating | Savings APY | Best for | |
|---|---|---|---|---|---|
| 1 | Ally Bank | 4.20% APY | Everyday savers who want a full bank | See Rates | |
| 2 | Marcus by Goldman Sachs | 4.40% APY | Rate chasers who want a simple account | See Rates | |
| 3 | SoFi | 3.80% APY | Direct-deposit users chasing a bonus | View Offer | |
| 4 | Discover Bank | 3.90% APY | Savers who value zero fees and service | See Rates |
- Ally Bank4.9Best for Everyday savers who want a full bank
- Marcus by Goldman Sachs4.8Best for Rate chasers who want a simple account
- SoFi4.7Best for Direct-deposit users chasing a bonus
- Discover Bank4.6Best for Savers who value zero fees and service