Axos Bank vs Cit Bank
High-Yield Savings Accounts Comparison
Last Updated: August 29, 2025
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Summary of Axos Bank vs. CIT Bank
As of August 29, 2025 Axos Bank offers an APY of 4.46% for its Axos ONE account, compared to CIT Bank's 4.00% APY for its Platinum Savings account.
Axos Bank yields $46 more than CIT Bank on a $10,000 balance after one year. Axos Bank pays $446, while CIT Bank pays $400 - an APY advantage for Axos Bank.
In addition, Axos Bank also offers 4.00% APY for the Summit Savings account, while CIT Bank offers 3.90% APY for the Savings Connect account.
Axos Bank
Strengths
- Axos Bank offers a higher APY of 4.46% compared to CIT Bank's highest APY of 4.00%.
- Axos Bank has an A+ BBB rating and is BBB Accredited.
- Axos Bank has a strong App Store rating of 4.7.
Potential Drawbacks
- Axos Bank's APY decreased from 4.66% to 4.46% in the last 30 days.
- To earn the highest APY, Axos Bank requires either direct deposit or qualifying deposits.
CIT Bank
Strengths
- CIT Bank's Platinum Savings has no maintenance fees.
- CIT Bank has a higher Google Play rating of 4.6.
Potential Drawbacks
- CIT Bank's highest APY is lower at 4.00% compared to Axos Bank.
- CIT Bank's A- BBB rating is lower than Axos Bank's A+ rating.
Summary: Axos Bank offers a superior APY of 4.46% for its high-yield savings account, while CIT Bank's highest rate is 4.00%. Axos also has a better BBB rating and App Store score. However, Axos's APY has recently decreased, and it requires specific conditions to qualify for the highest rate. CIT Bank has no maintenance fees and a strong Google Play rating but lacks BBB accreditation.
Compare Axos Bank's vs CIT Bank's Savings Accounts
| Axos Bank | CIT Bank | |||||
|---|---|---|---|---|---|---|
| Product | Axos ONE | Summit Savings | High Yield Savings | vs | Platinum Savings | Savings Connect |
| APY | 4.46% (as of 8/29/2025) | 4.00% (as of 8/29/2025) | 0.61% (as of 8/29/2025) | 0.25% - 4.00% (as of 8/29/2025) | 3.90% (as of 8/29/2025) | |
| Bundled Account | Yes | No | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | $100 | $100 | |
| Minimum Balance for APY | $0 | $0 | $0 | $5,000 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | $0 | |
| Direct Deposit Required | No. Not required, but is the easiest way to earn the highest APY. | No | No | No | No | |
| Note | This APY is only available with the Axos ONE savings and checking bundle. 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. | |||||
| Sponsored Link | LEARN MORE at Axos Bank, Member FDIC | |||||
| App Store Rating | 4.7/5 | 4.8/5 | ||||
| Google Play Rating | 4.5/5 | 4.6/5 | ||||
| BBB Rating | A+ | A- | ||||
Comparative Historical APY Insights (Last 8 Months)
| Axos Bank | CIT Bank | |||||
|---|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | Savings Connect | Platinum Savings |
| Latest APY | 0.61 % | 4.00 % | 4.46 % | 3.90 % | 4.00 % | |
| Trend | Sideways | Sideways | Falling | Sideways | Falling | |
| Slope (bps/mo) | -0.0 | 0.0 | -5.0 | -1.8 | -5.4 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.23 | 0.12 | 0.47 | |
| Days Since Last Change | 235 | 62 | 30 | 80 | 80 | |
| High (-8 m) | 0.61 % | 4.00 % | 4.86 % | 4.00 % | 4.55 % | |
| Low (-8 m) | 0.61 % | 4.00 % | 4.46 % | 3.90 % | 4.00 % | |
| Draw-down from High | 0.0 % | 0.0 % | -8.2 % | -2.5 % | -12.1 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.028 | 0.012 | 0.033 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-8 m)
- Highest APY in the last 257 days.
- Low (-8 m)
- Lowest APY in the last 257 days.
- Draw-down from High
- How far today sits below the 8-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Calculate Savings Growth for Axos Bank vs CIT Bank
All calculations are based on APY.
Axos Bank
APY: 4.46%
Total savings breakdown:
- Interest earned: $2,733.9 (13.19%)
- Total contributions: $13,000 (62.70%)
- Initial deposit: $5,000 (24.12%)
Your total balance
$20,733.90
Effective APY: 4.46% (based on your deposit and contributions)
Total balance: $20,733.9
Earnings: $2,733.9
CIT Bank
APY: 4.00%
Total savings breakdown:
- Interest earned: $2,434.7 (11.91%)
- Total contributions: $13,000 (63.62%)
- Initial deposit: $5,000 (24.47%)
Your total balance
$20,434.70
Effective APY: 4.00% (based on your deposit and contributions)
Total balance: $20,434.7
Earnings: $2,434.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Axos Bank's total earnings would be $299.2 higher than CIT Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Axos Bank's APY of 4.46% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Axos Bank vs Ally Bank | 3.50% | $0 |
| Axos Bank vs American Express | 3.50% | $0 |
| Axos Bank vs Bank of America | 0.01% | $100 |
| Axos Bank vs Barclays | 4.10% | $0 |
| Axos Bank vs Capital One | 3.50% | $0 |
| Axos Bank vs Chase Bank | 0.01% | $0 |
| Axos Bank vs Chime | 3.75% | $0 |
| Axos Bank vs Discover Bank | 3.50% | $0 |
| Axos Bank vs Fitness Bank | 4.85% | $100 |
| Axos Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Axos Bank vs Presidential Bank | 4.50% | $5,000 |
| Axos Bank vs SoFi Bank | 3.80% | $0 |
| Axos Bank vs Synchrony Bank | 3.80% | $0 |
| Axos Bank vs Varo Bank | 5.00% | $0 |
| Axos Bank vs Wells Fargo | 2.51% | $25 |
Compare CIT Bank's APY of 4.00% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| CIT Bank vs Ally Bank | 3.50% | $0 |
| CIT Bank vs American Express | 3.50% | $0 |
| CIT Bank vs Bank of America | 0.01% | $100 |
| CIT Bank vs Barclays | 4.10% | $0 |
| CIT Bank vs Capital One | 3.50% | $0 |
| CIT Bank vs Chase Bank | 0.01% | $0 |
| CIT Bank vs Chime | 3.75% | $0 |
| CIT Bank vs Discover Bank | 3.50% | $0 |
| CIT Bank vs Fitness Bank | 4.85% | $100 |
| CIT Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| CIT Bank vs Presidential Bank | 4.50% | $5,000 |
| CIT Bank vs SoFi Bank | 3.80% | $0 |
| CIT Bank vs Synchrony Bank | 3.80% | $0 |
| CIT Bank vs UFB Direct | 4.21% | $5000 |
| CIT Bank vs Varo Bank | 5.00% | $0 |
| CIT Bank vs Wells Fargo | 2.51% | $25 |