Barclays vs. CIT Bank
Comparing Barclays and CIT Bank for high-yield savings: Barclays's Tiered Savings pays 4.00% APY while CIT Bank's Platinum Savings pays 3.75% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Barclays pays $10 more than CIT Bank annually ($385 vs $375).
Choose CIT Bank if you want Zelle for quick transfers.
| Metric | BarclaysTiered Savings Feb 6, 2026 | CIT BankPlatinum Savings Feb 6, 2026 |
|---|---|---|
| APY | 3.85% - 4.00% | 0.25% - 3.75% |
Est. Earnings | $5,000+$193 $10,000+$385 $25,000+$963 | $5,000+$188 $10,000+$375 $25,000+$938 |
Min Deposit | $0 | $100 |
Snapshot view. Rates subject to change. | ||
Terms | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. | This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%. |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Executive Summary
Barclays offers a Tiered Savings account with a competitive APY of 4.00% for balances over $250,000, while lower balances earn 3.85%. Alternatively, their Online Savings account provides a 3.60% APY. In comparison, CIT Bank's top product, the Platinum Savings account, yields 3.75% APY for balances of $5,000 or more, with lower balances earning just 0.25%. Their Savings Connect account offers a slightly lower APY of 3.65% with no minimum balance requirement. Both banks operate online only and do not require direct deposits, making Barclays the winner based on the highest APY available.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Barclays?
- ✓Higher potential APY (3.60%-4.00% vs 3.65%-3.75%) on all balances
Why CIT Bank?
- ✓Fast transfers via Zelle®
Shared Benefits
Over a 1-year period, Barclays's Tiered Savings pays $10 more interest on a $10,000 balance than CIT Bank's Platinum Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
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* Secure link to our partner
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Barclays vs. CIT Bank Savings Calculator
You earn $10 more with Barclays than CIT Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Barclays
Tiered Savings
Higher APY requires $250,000
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
CIT Bank
Platinum Savings
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $374 per year in interest.
Both Barclays and CIT Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Barclays | CIT Bank |
|---|---|---|
| APY | 4.00% Range: 3.85% - 4.00% Verified: 2/6/2026 ↘︎ 0.10%90d Change | 3.75% Range: 0.25% - 3.75% Verified: 2/6/2026 ↘︎ 0.10%90d Change |
| Product Name | Tiered Savings | Platinum Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $250,000 | $5,000 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None. You cannot make use of First Citizens Bank's branches. |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Supported for eChecking users post-First Citizens merger. |
| BBB Rating | A+ | A+ |
| Important Notes | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. | This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%. |
| Next Steps | Visit SiteVerify at Barclays Non-sponsored link to official site | Visit SiteGo to CIT Bank * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | CIT Bank | ||
|---|---|---|---|---|
| Online Savings | Tiered Savings | Savings Connect | Platinum Savings | |
Current APY | 3.60% | 4.00% | 3.65% | 3.75% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -2.6 | -3.8 | -3.7 | -4.7 |
Days Since Change | 72 | 79 | 78 | 78 |
12-Month High | 3.90% | 4.50% | 4.00% | 4.30% |
12-Month Low | 3.60% | 4.00% | 3.65% | 3.75% |
Adjustments / Mo | 0.41 | 0.58 | 0.25 | 0.33 |
Volatility Score | 0.027 | 0.035 | 0.037 | 0.044 |
How to read these metrics(Click to expand)
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