Axos Bank vs. CIT Bank
Comparing Axos Bank and CIT Bank for high-yield savings: Axos Bank's Axos ONE pays 4.21% APY while CIT Bank's Platinum Savings pays 3.75% APY.
Note: Axos Bank requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Axos Bank pays $46 more than CIT Bank annually ($421 vs $375).
Choose Axos Bank if getting the best rate matters most. Choose CIT Bank if you want a no-strings-attached account, or you want Zelle for quick transfers.
Important Considerations
Axos Bank requires a checking account to unlock its top savings rate, while CIT Bank offers its savings account standalone.
| Metric | Axos BankAxos ONE Apr 21, 2026 | CIT BankPlatinum Savings Apr 21, 2026 |
|---|---|---|
| APY | 4.21% | 0.25% - 3.75% |
Est. Earnings | $5,000+$211 $10,000+$421 $25,000+$1,053 | $5,000+$188 $10,000+$375 $25,000+$938 |
Min Deposit | $0 | $100 |
Snapshot view. Rates subject to change. | ||
Terms | The 4.21% 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. | This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
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.
Executive Summary
Axos Bank offers a competitive APY of 4.21% through its Axos ONE savings account, which requires customers to open a checking account and meet certain deposit conditions. This product provides superior returns compared to CIT Bank's highest APY of 3.75% available with its Platinum Savings account, which requires a minimum balance of $5,000 to earn that rate. Both banks provide online-only services and have no maintenance fees, but Axos Bank's offerings are more advantageous for those willing to meet the checking account requirements.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
- ✓Higher potential APY (3.75%-4.21% vs 3.65%-3.75%) on all balances
Why CIT Bank?
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE earns more on smaller deposits (approx. $421 vs $375/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1053 vs $938/yr).
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 $46 more interest on a $10,000 balance than CIT Bank's Platinum Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
* Secure link to our partner
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Axos Bank vs. CIT Bank Savings Calculator
You earn $46 more with Axos Bank than CIT Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Axos Bank
Axos ONE
Savings Breakdown
- Interest Earned+$421.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,421.00
CIT Bank
Platinum Savings
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $374 per year in interest.
Both Axos Bank and CIT Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Axos Bank | CIT Bank |
|---|---|---|
| APY | 4.21% Verified: 4/21/2026 ↘︎ 0.10%90d Change | 3.75% Range: 0.25% - 3.75% Verified: 4/21/2026 Stable (90d) |
| Product Name | Axos ONE | Platinum Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0 | $5,000 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None. You cannot make use of First Citizens Bank's branches. |
| Direct Deposit Req. | Not required, but is the easiest way to earn the highest APY. | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Supported for eChecking users post-First Citizens merger. |
| BBB Rating | A+ | A+ |
| Important Notes | The 4.21% 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. | This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%. |
| Next Steps | Visit SiteGo to Axos Bank * Secure link to our partner | Visit SiteGo to CIT Bank * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | CIT Bank | |||
|---|---|---|---|---|---|
| Summit Savings | Axos ONE | High Yield Savings | Savings Connect | Platinum Savings | |
Current APY | 3.75% | 4.21% | 0.61% | 3.65% | 3.75% |
Trend | Stable | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.8 | -4.6 | -0.0 | -3.5 | -3.5 |
Days Since Change | 131 | 80 | 365 | 152 | 152 |
12-Month High | 4.00% | 4.66% | 0.61% | 4.00% | 4.10% |
12-Month Low | 3.75% | 4.21% | 0.61% | 3.65% | 3.75% |
Adjustments / Mo | 0.08 | 0.33 | 0.00 | 0.25 | 0.25 |
Volatility Score | 0.032 | 0.038 | 0.000 | 0.035 | 0.034 |
How to read these metrics(Click to expand)
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