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 BankCIT Bank
ProductAxos ONEHigh Yield SavingsvsPlatinum SavingsSavings 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
YesNoNoNo
FDIC-insured
YesYesYesYes
Online OnlyYesYesYesYes
Compound Frequency
DailyDailyDailyDaily
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.NoNoNo
NoteThis 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/AN/AN/A
Visit BankAxos ONEHigh Yield SavingsPlatinum SavingsSavings Connect
App Store Rating4.7/54.8/5
Google Play Rating4.4/54.6/5
BBB RatingA+A-

Comparative Historical APY Insights (Last 6 Months)

Axos BankCIT Bank
ProductHigh Yield SavingsAxos ONEvsSavings ConnectPlatinum Savings
Latest APY0.61 %4.66 %3.90 %4.00 %
TrendSidewaysFallingSidewaysFalling
Slope (bps/mo)0.0-5.1-0.7-6.8
Rate Changes / Mo0.000.160.160.65
Days Since Last Change165821010
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 High0.0 %-4.1 %-2.5 %-12.1 %
Volatility (CV)0.0000.0210.0060.029
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 Details

CIT 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 Details

After 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
Compare CIT Bank's APY of 4.00% with other banks