Axos Bank vs Cit Bank
High-Yield Savings Accounts Comparison
Last Updated: June 20, 2025
Summary of Axos Bank vs. CIT Bank
As of June 20, 2025 Axos Bank offers an APY of 4.66% for its Axos ONE account, compared to CIT Bank's 4.00% APY for its Platinum Savings account.
Axos Bank yields $66 more than CIT Bank on a $10,000 balance after one year. Axos Bank pays $466, while CIT Bank pays $400 - an APY advantage for Axos Bank.
In addition, Axos Bank also offers 0.61% APY for the High Yield Savings account, while CIT Bank offers 3.90% APY for the Savings Connect account.
Axos Bank
Strengths
- Axos Bank offers a higher APY of 4.66% with the Axos ONE account.
- Axos Bank has an A+ BBB rating and is BBB Accredited.
- No maintenance fees for any accounts at Axos Bank.
Potential Drawbacks
- The Axos ONE account requires a minimum $1,500 average daily balance for the APY.
- Axos Bank has no physical branches for in-person banking.
- The High Yield Savings account has a lower APY of 0.61%.
CIT Bank
Strengths
- CIT Bank's Platinum Savings offers a competitive APY of 4.00%.
- CIT Bank's Savings Connect account has an APY of 3.90%.
- CIT Bank has a higher App Store rating of 4.8.
Potential Drawbacks
- CIT Bank is not BBB Accredited and has an A- BBB rating.
- Both accounts at CIT Bank require a minimum deposit of $100.
- CIT Bank's Platinum Savings has a higher minimum balance requirement of $5,000.
Summary: Axos Bank offers a higher APY of 4.66% but requires a $1,500 balance for this rate. In contrast, CIT Bank's Platinum Savings provides a solid 4.00% APY with a $100 minimum deposit. Axos Bank has a better BBB rating (A+) and no maintenance fees, while CIT Bank lacks BBB accreditation and has a higher minimum balance requirement for its top account. Both banks operate online only.
Compare Axos Bank's vs CIT Bank's Savings Accounts
| Axos Bank | CIT Bank | ||||
|---|---|---|---|---|---|
| Product | Axos ONE | High Yield Savings | vs | Platinum Savings | Savings Connect |
| APY | 4.66% (as of 6/20/2025) | 0.61% (as of 6/20/2025) | 0.25% - 4.00% (as of 6/20/2025) | 3.90% (as of 6/20/2025) | |
| Bundled Account | Yes | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $100 | $100 | |
| Minimum Balance for APY | $0 | $0 | $5,000 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | |
| Direct Deposit Required | Yes. Min. $1,500/month to ONE Checking. | No | No | No | |
| Note | This APY is only available in the Axos ONE savings and checking bundle. Must maintain $1,500 on avg. daily balance in ONE Checking for APY. | N/A | N/A | N/A | |
| Visit Bank | Axos ONE | High Yield Savings | Platinum Savings | Savings Connect | |
| App Store Rating | 4.7/5 | 4.8/5 | |||
| Google Play Rating | 4.4/5 | 4.6/5 | |||
| BBB Rating | A+ | A- | |||
Comparative Historical APY Insights (Last 6 Months)
| Axos Bank | CIT Bank | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings | Axos ONE | vs | Savings Connect | Platinum Savings |
| Latest APY | 0.61 % | 4.66 % | 3.90 % | 4.00 % | |
| Trend | Sideways | Falling | Sideways | Falling | |
| Slope (bps/mo) | 0.0 | -5.1 | -0.7 | -6.8 | |
| Rate Changes / Mo | 0.00 | 0.16 | 0.16 | 0.65 | |
| Days Since Last Change | 165 | 82 | 10 | 10 | |
| High (-6 m) | 0.61 % | 4.86 % | 4.00 % | 4.55 % | |
| Low (-6 m) | 0.61 % | 4.66 % | 3.90 % | 4.00 % | |
| Draw-down from High | 0.0 % | -4.1 % | -2.5 % | -12.1 % | |
| Volatility (CV) | 0.000 | 0.021 | 0.006 | 0.029 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 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 (-6 m)
- Highest APY in the last 186 days.
- Low (-6 m)
- Lowest APY in the last 186 days.
- Draw-down from High
- How far today sits below the 6-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: 4.66%
Total savings breakdown:
- Interest earned: $46.6 (4.45%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (95.55%)
Your total balance
$1,046.60
Effective APY: 4.66% (based on your deposit and contributions)
Total balance: $1,046.6
Earnings: $46.6
Bank DetailsCIT Bank
APY: 4.00%
Total savings breakdown:
- Interest earned: $40 (3.85%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.15%)
Your total balance
$1,040.00
Effective APY: 4.00% (based on your deposit and contributions)
Total balance: $1,040
Earnings: $40
Bank DetailsAfter 1 year Axos Bank would earn you $6.6 more than CIT Bank.
More Comparisons
Compare Axos Bank's APY of 4.66% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Axos Bank vs Ally Bank | 3.50% | $0 |
| Axos Bank vs American Express | 3.60% | $0 |
| Axos Bank vs Bank of America | 0.01% | $100 |
| Axos Bank vs Barclays | 4.10% | $0 |
| Axos Bank vs Capital One | 3.60% | $0 |
| Axos Bank vs Chase Bank | 0.01% | $0 |
| Axos Bank vs Chime | 3.75% | $0 |
| Axos Bank vs Discover Bank | 3.60% | $0 |
| Axos Bank vs Fitness Bank | 5.00% | $100 |
| Axos Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Axos Bank vs SoFi Bank | 3.80% | $0 |
| Axos Bank vs Synchrony Bank | 3.80% | $0 |
| Axos Bank vs Varo Bank | 5.00% | $0 |
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 | 3.60% | $0 |
| CIT Bank vs Bank of America | 0.01% | $100 |
| CIT Bank vs Barclays | 4.10% | $0 |
| CIT Bank vs Capital One | 3.60% | $0 |
| CIT Bank vs Chase Bank | 0.01% | $0 |
| CIT Bank vs Chime | 3.75% | $0 |
| CIT Bank vs Discover Bank | 3.60% | $0 |
| CIT Bank vs Fitness Bank | 5.00% | $100 |
| CIT Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| CIT Bank vs SoFi Bank | 3.80% | $0 |
| CIT Bank vs Synchrony Bank | 3.80% | $0 |
| CIT Bank vs Varo Bank | 5.00% | $0 |