Axos Bank vs. CIT Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Axos Bank
Axos ONE
4.31%APYDec 6, 2025FDIC InsuredChecking BundleNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Axos Bank
Axos ONE
CIT Bank
Platinum Savings
Up to3.75%APYDec 6, 2025FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppRange: 0.25% – 3.75%Show Fine Print & Trends Hide Details
CIT Bank
Platinum Savings
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Axos Bank vs. CIT Bank
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
- ✓Higher potential APY (4.00%-4.31% vs 3.65%-3.75%) on all balances
Why CIT Bank?
No distinct advantages found vs Axos Bank.
— Key Feature Differences —
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE earns more on smaller deposits (approx. $431 vs $375/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1077 vs $938/yr).
Best for Simplicity
Axos BankAxos Bank's Summit Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
Axos BankAxos Bank's Axos ONE pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $56 more interest on a $10,000 balance than CIT Bank's Platinum Savings.
Executive Summary
Axos Bank offers a competitive savings option with its Axos ONE account, providing a notable 4.31% APY, which is superior to CIT Bank's Platinum Savings account at 3.75%. The Axos ONE requires a checking account and has conditions for earning the highest APY, including a direct deposit of $1,500 or total monthly qualifying deposits of at least $5,000. For those seeking simplicity without bundling, Axos Bank's Summit Savings yields 4.00% APY with no direct deposit requirements. In contrast, CIT Bank's Savings Connect account offers a lower APY of 3.65%, making Axos Bank the clear winner in terms of higher yield savings options.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
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See who beats both Axos Bank and CIT Bank.
| Feature | Axos Bank | CIT Bank |
|---|---|---|
| APY | 4.31% Verified: 12/6/2025 ↘︎ 0.15%90d Change | 3.75% Range: 0.25% - 3.75% Verified: 12/6/2025 ↘︎ 0.25%90d Change |
| Product Name | Axos ONE | Platinum Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0 | $5,000 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | No |
| Mobile Apps | iOS4.7 Android4.6 | iOS4.8 Android4.3 |
| BBB Rating | A+ | A- |
| Important Notes | The 4.31% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | - |
| Next Steps | SponsoredOpen Account |
Savings Comparison
Axos Bank earns $362.1 more than CIT Bank.
Axos Bank
Axos ONE
Savings Breakdown
- Interest Earned+$2,635.90(12.8%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,635.90
Sponsored Link
CIT Bank
Platinum Savings
Savings Breakdown
- Interest Earned+$2,273.80(11.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,273.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | CIT Bank | |||
|---|---|---|---|---|---|
| High Yield Savings | Summit Savings | Axos ONE | Savings Connect | Platinum Savings | |
Current APY | 0.61% | 4.00% | 4.31% | 3.65% | 3.75% |
Trend | Stable | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | 0.0 | -4.1 | -3.2 | -5.1 |
Days Since Change | 332 | 159 | 4 | 16 | 16 |
12-Month High | 0.61% | 4.00% | 4.86% | 4.00% | 4.55% |
12-Month Low | 0.61% | 4.00% | 4.31% | 3.65% | 3.75% |
Adjustments / Mo | 0.00 | 0.00 | 0.34 | 0.25 | 0.51 |
Volatility Score | 0.000 | 0.000 | 0.033 | 0.030 | 0.045 |
How to read these metrics(Click to expand)
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