Barclays vs. CIT Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Barclays
Tiered Savings
Up to4.00%APYDec 17, 2025FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppRange: 3.85% – 4.00%Show Fine Print & Trends Hide Details
Barclays
Tiered Savings
CIT Bank
Platinum Savings
Up to3.75%APYDec 17, 2025FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppRange: 0.25% – 3.75%Show Fine Print & Trends Hide Details
CIT Bank
Platinum Savings
Comparison Analysis
Comparing Barclays vs. CIT Bank
As of Barclays offers an APY of 4.00% for its Tiered Savings account, with a minimum balance of $250,000, compared to CIT Bank's 3.75% APY for its Platinum Savings account, with a minimum balance of $5,000.
Barclays pays $10 more than CIT Bank on a $10,000 balance after one year. Barclays pays $385 (with an effective APY of 3.85%), while CIT Bank pays $375 - an APY advantage for Barclays.
In addition, Barclays also offers 3.60% APY for the Online Savings account, with a minimum balance of Enough to earn $0.01 in interest, while CIT Bank offers 3.65% APY for the Savings Connect account, with a minimum balance of $0.
Why Barclays?
- ✓Higher potential APY (3.60%-4.00% vs 3.65%-3.75%) on all balances
- ✓Higher rated Android app (4.7 vs 4.3)
Why CIT Bank?
No distinct advantages found vs Barclays.
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.
Executive Summary
Barclays offers a Tiered Savings account with a competitive APY of 4.00% for balances over $250,000, while lower balances yield 3.85%. Alternatively, their Online Savings account provides an APY of 3.60%. In comparison, CIT Bank's Platinum Savings account has a maximum APY of 3.75% for balances of $5,000 or more, with lower balances earning just 0.25%. CIT also features a Savings Connect account with an APY of 3.65%. Both banks' offerings are online-only and do not require direct deposit, but Barclays' Tiered Savings account stands out as the higher-yield option.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
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
Sponsored Link
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Top Market Contenders
See who beats both Barclays and CIT Bank.
| Feature | Barclays | CIT Bank |
|---|---|---|
| APY | 4.00% Range: 3.85% - 4.00% Verified: 12/17/2025 ↘︎ 0.10%90d Change | 3.75% Range: 0.25% - 3.75% Verified: 12/17/2025 ↘︎ 0.25%90d Change |
| Product Name | Tiered Savings | Platinum Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $250,000 | $5,000 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.7 | iOS4.8 Android4.3 |
| 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 | SponsoredOpen Account |
📈 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) | -2.7 | -4.3 | -3.4 | -5.0 |
Days Since Change | 22 | 29 | 28 | 28 |
11-Month High | 4.00% | 4.50% | 4.00% | 4.35% |
11-Month Low | 3.60% | 4.00% | 3.65% | 3.75% |
Adjustments / Mo | 0.55 | 0.64 | 0.27 | 0.45 |
Volatility Score | 0.026 | 0.037 | 0.032 | 0.043 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Barclays vs...
Comparing against Standard Savings
Compare CIT Bank vs...
Comparing against Standard Savings
Higher Rates (With Checking)
Looking for something different? Check out these top-rated alternatives.