Axos Bank vs. Cit Bank
High-Yield Savings Account Comparison
Last Updated: October 15, 2025
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Summary of Axos Bank vs. CIT Bank
Key Metrics at a Glance
| Feature | Axos Bank | CIT Bank |
|---|---|---|
| Top Savings APY | 4.51% Axos ONE | 3.85% Platinum Savings |
| Minimum to Open | $0 | $100 |
| Minimum Balance for APY | $0 | $5,000 |
Axos Bank
Strengths
- Axos Bank offers a higher APY of 4.51% compared to CIT Bank's highest APY of 3.85%.
- Axos Bank has an A+ BBB rating and is BBB Accredited.
- Axos Bank's App Store rating is 4.7, higher than CIT Bank's 4.8.
Potential Drawbacks
- Axos Bank requires a minimum of $1,500 in qualifying deposits to earn the highest APY.
- Axos Bank's Google Play rating is 4.6, lower than CIT Bank's 4.3.
- Axos Bank has no physical branches, limiting in-person service options.
CIT Bank
Strengths
- CIT Bank's Platinum Savings account has a lower minimum deposit requirement of $100.
- CIT Bank's Google Play rating is 4.3, which is lower than Axos Bank's 4.6.
- CIT Bank's Savings Connect account offers a competitive APY of 3.75%.
Potential Drawbacks
- CIT Bank's highest APY is 3.85%, lower than Axos Bank's 4.51%.
- CIT Bank has an A- BBB rating and is not BBB Accredited.
- CIT Bank's App Store rating is 4.8, which is higher than Axos Bank's 4.7.
Summary: Axos Bank provides a superior APY of 4.51% for its high-yield savings account, compared to CIT Bank's 3.85%. However, Axos requires higher qualifying deposits. CIT Bank has lower minimum deposit requirements but offers lower APYs. Additionally, Axos holds an A+ BBB rating, while CIT Bank has an A- rating and is not accredited. Both banks operate online-only with no physical branches.
→ As of October 15, 2025 Axos Bank offers an APY of 4.51% for its Axos ONE account, with a minimum balance of $0, compared to CIT Bank's 3.85% APY for its Platinum Savings account, with a minimum balance of $5,000.
→ Axos Bank yields $66 more than CIT Bank on a $10,000 balance after one year. Axos Bank pays $451, while CIT Bank pays $385 - an APY advantage for Axos Bank.
→ In addition, Axos Bank also offers 4.00% APY for the Summit Savings account, while CIT Bank offers 3.75% APY for the Savings Connect account.
Calculate Savings Growth for Axos Bank vs CIT Bank
All calculations are based on APY.
Axos Bank
APY: 4.51%
Total savings breakdown:
- Interest earned: $2,766.7 (13.32%)
- Total contributions: $13,000 (62.60%)
- Initial deposit: $5,000 (24.08%)
Your total balance
$20,766.70
Effective APY: 4.51% (based on your deposit and contributions)
Total balance: $20,766.7
Earnings: $2,766.7
CIT Bank
APY: 3.85%
Total savings breakdown:
- Interest earned: $2,338 (11.50%)
- Total contributions: $13,000 (63.92%)
- Initial deposit: $5,000 (24.58%)
Your total balance
$20,338.00
Effective APY: 3.85% (based on your deposit and contributions)
Total balance: $20,338
Earnings: $2,338
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Axos Bank's total earnings would be $428.7 higher than CIT Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Axos Bank's vs CIT Bank's Savings Accounts
| Axos Bank | CIT Bank | |||||
|---|---|---|---|---|---|---|
| Product | Summit Savings | Axos ONE | High Yield Savings | vs | Platinum Savings | Savings Connect |
| APY | 4.00% (as of 10/15/2025) | 4.51% (as of 10/15/2025) | 0.61% (as of 10/15/2025) | 0.25% - 3.85% (as of 10/15/2025) | 3.75% (as of 10/15/2025) | |
| Bundled Account | No | Yes | 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 | No. Not required, but is the easiest way to earn the highest APY. | 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 | 4.6/5 | 4.3/5 | ||||
| BBB Rating | A+ | A- | ||||
Comparative Historical APY Insights (Last 10 Months)
| Axos Bank | CIT Bank | |||||
|---|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | Savings Connect | Platinum Savings |
| Latest APY | 0.61 % | 4.00 % | 4.51 % | 3.75 % | 3.85 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | Falling | |
| Slope (bps/mo) | 0.0 | 0.0 | -4.9 | -2.4 | -5.1 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.30 | 0.20 | 0.50 | |
| Days Since Last Change | 280 | 107 | 12 | 22 | 22 | |
| High (-10 m) | 0.61 % | 4.00 % | 4.86 % | 4.00 % | 4.55 % | |
| Low (-10 m) | 0.61 % | 4.00 % | 4.46 % | 3.75 % | 3.85 % | |
| Draw-down from High | 0.0 % | 0.0 % | -7.2 % | -6.3 % | -15.4 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.032 | 0.019 | 0.037 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 302 days.
- Low (-10 m)
- Lowest APY in the last 302 days.
- Draw-down from High
- How far today sits below the 10-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.
More Comparisons
Compare Axos Bank's APY of 4.51% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Axos Bank vs Ally Bank | 3.40% | $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 BrioDirect | 4.20% | $5,000 |
| Axos Bank vs Capital One | 3.40% | $0 |
| Axos Bank vs Chase Bank | 0.01% | $0 |
| Axos Bank vs Chime | 3.75% | $0 |
| Axos Bank vs Discover Bank | 3.40% | $0 |
| Axos Bank vs Elevault | 4.34% | $0 |
| Axos Bank vs EverBank | 4.05% | $0 |
| Axos Bank vs Fitness Bank | 4.75% | $100 |
| Axos Bank vs FVCbank | 4.10% | $500 |
| Axos Bank vs GO2bank | 4.50% | $0 |
| Axos Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Axos Bank vs Neighbors Bank | 4.50% | $0 |
| Axos Bank vs Newtek Bank | 4.35% | $0 |
| Axos Bank vs Peak Bank | 4.20% | $100 |
| Axos Bank vs Pibank | 4.60% | $0 |
| Axos Bank vs Presidential Bank | 4.50% | $5,000 |
| Axos Bank vs Santander Bank | 0.01% | $25 |
| Axos Bank vs SoFi Bank | 4.50% | $0 |
| Axos Bank vs Synchrony Bank | 3.80% | $0 |
| Axos Bank vs TIMBR | 4.40% | $1,000 |
| Axos Bank vs Varo Bank | 5.00% | $0 |
| Axos Bank vs Wells Fargo | 0.05% | $25 |
| Axos Bank vs Zynlo Bank | 4.20% | $10 |
Compare CIT Bank's APY of 3.85% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| CIT Bank vs Ally Bank | 3.40% | $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 BrioDirect | 4.20% | $5,000 |
| CIT Bank vs Capital One | 3.40% | $0 |
| CIT Bank vs Chase Bank | 0.01% | $0 |
| CIT Bank vs Chime | 3.75% | $0 |
| CIT Bank vs Discover Bank | 3.40% | $0 |
| CIT Bank vs Elevault | 4.34% | $0 |
| CIT Bank vs EverBank | 4.05% | $0 |
| CIT Bank vs Fitness Bank | 4.75% | $100 |
| CIT Bank vs FVCbank | 4.10% | $500 |
| CIT Bank vs GO2bank | 4.50% | $0 |
| CIT Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| CIT Bank vs Neighbors Bank | 4.50% | $0 |
| CIT Bank vs Newtek Bank | 4.35% | $0 |
| CIT Bank vs Peak Bank | 4.20% | $100 |
| CIT Bank vs Pibank | 4.60% | $0 |
| CIT Bank vs Presidential Bank | 4.50% | $5,000 |
| CIT Bank vs Santander Bank | 0.01% | $25 |
| CIT Bank vs SoFi Bank | 4.50% | $0 |
| CIT Bank vs Synchrony Bank | 3.80% | $0 |
| CIT Bank vs TIMBR | 4.40% | $1,000 |
| CIT Bank vs UFB Direct | 3.96% | $5000 |
| CIT Bank vs Varo Bank | 5.00% | $0 |
| CIT Bank vs Wells Fargo | 0.05% | $25 |
| CIT Bank vs Zynlo Bank | 4.20% | $10 |