Axos Bank vs Cit Bank
High-Yield Savings Accounts Comparison
Last Updated: July 16, 2025
Summary of Axos Bank vs. CIT Bank
As of July 16, 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 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 4.66% with the Axos ONE account.
- Axos Bank has a better BBB rating of A+ and is BBB Accredited.
- Axos Bank has no minimum balance requirement for its accounts.
Potential Drawbacks
- To earn the highest APY, Axos Bank requires either direct deposit or qualifying deposits.
- Axos Bank's app ratings are slightly lower than CIT Bank's.
CIT Bank
Strengths
- CIT Bank offers a competitive APY of 4.00% with the Platinum Savings account.
- CIT Bank has a higher App Store rating of 4.8.
Potential Drawbacks
- CIT Bank's Platinum Savings requires a minimum balance of $5,000 to earn the APY.
- CIT Bank's BBB rating is lower at A- and it is not BBB Accredited.
Summary: Axos Bank provides a superior APY of 4.66% with fewer restrictions compared to CIT Bank's 4.00% APY, which requires a higher minimum balance. Axos Bank also boasts a better BBB rating of A+ and is accredited, while CIT Bank's rating is A- and not accredited. Additionally, CIT Bank has slightly higher app ratings, but Axos Bank has no minimum balance requirements across its accounts.
Compare Axos Bank's vs CIT Bank's Savings Accounts
Axos Bank | CIT Bank | |||||
---|---|---|---|---|---|---|
Product | Axos ONE | Summit Savings | High Yield Savings | vs | Savings Connect | Platinum Savings |
APY | 4.66% (as of 7/16/2025) | 4.00% (as of 7/16/2025) | 0.61% (as of 7/16/2025) | 3.90% (as of 7/15/2025) | 0.25% - 4.00% (as of 7/15/2025) | |
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 | $0 | $5,000 | |
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. | N/A | N/A | N/A | N/A | |
Visit Bank | Axos ONE | Summit Savings | High Yield Savings | Savings Connect | Platinum Savings | |
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 7 Months)
Axos Bank | CIT Bank | |||||
---|---|---|---|---|---|---|
Product | High Yield Savings | Summit Savings | Axos ONE | vs | Savings Connect | Platinum Savings |
Latest APY | 0.61 % | 4.00 % | 4.66 % | 3.90 % | 4.00 % | |
Trend | Sideways | Sideways | Sideways | Sideways | Falling | |
Slope (bps/mo) | 0.0 | 0.0 | -4.5 | -1.4 | -6.5 | |
Rate Changes / Mo | 0.00 | 0.00 | 0.14 | 0.14 | 0.57 | |
Days Since Last Change | 189 | 16 | 106 | 34 | 34 | |
High (-7 m) | 0.61 % | 4.00 % | 4.86 % | 4.00 % | 4.55 % | |
Low (-7 m) | 0.61 % | 4.00 % | 4.66 % | 3.90 % | 4.00 % | |
Draw-down from High | 0.0 % | 0.0 % | -4.1 % | -2.5 % | -12.1 % | |
Volatility (CV) | 0.000 | 0.000 | 0.021 | 0.009 | 0.031 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 210 days.
- Low (-7 m)
- Lowest APY in the last 210 days.
- Draw-down from High
- How far today sits below the 7-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 | 3.50% | $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 | 5.00% | $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 | 3.60% | $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 | 5.00% | $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 Varo Bank | 5.00% | $0 |
CIT Bank vs Wells Fargo | 2.51% | $25 |