Barclays vs. Cit Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 2, 2025
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Summary of Barclays vs. CIT Bank
Key Metrics at a Glance
| Feature | Barclays | CIT Bank |
|---|---|---|
| Top Savings APY | 4.10% Tiered Savings | 3.85% Platinum Savings |
| Minimum to Open | $0 | $100 |
| Minimum Balance for Top APY | $250,000 | $5,000 |
| Note | The 4.10% APY is only available for balances over $250,000. For lower balances, the APY is 3.90%. |
Barclays
Strengths
- Barclays offers a higher APY of 4.10% for balances over $250,000.
- Barclays has a strong BBB rating of A+ and is BBB Accredited.
- Barclays has a higher Google Play rating of 4.7 compared to CIT Bank.
Potential Drawbacks
- Barclays requires a $250,000 minimum balance to earn the highest APY.
- Barclays does not have any branches for in-person banking.
- Barclays' lower APY is 3.90%, which is higher than CIT Bank's lower APY.
CIT Bank
Strengths
- CIT Bank offers a competitive APY of 3.85% on its Platinum Savings account.
- CIT Bank has no minimum balance requirement for its Savings Connect account.
- CIT Bank's Platinum Savings account has a lower minimum deposit of $100.
Potential Drawbacks
- CIT Bank's highest APY is lower than Barclays' 4.10%.
- CIT Bank has a lower BBB rating of A- and is not BBB Accredited.
- CIT Bank has a lower Google Play rating of 4.3 compared to Barclays.
→ As of November 2, 2025 Barclays offers an APY of 4.10% for its Tiered Savings account, with a minimum balance of $250,000, compared to CIT Bank's 3.85% APY for its Platinum Savings account, with a minimum balance of $5,000.
→ Barclays yields $5 more than CIT Bank on a $10,000 balance after one year. Barclays pays $390 (with an effective APY of 3.9%), while CIT Bank pays $385 - an APY advantage for Barclays.
→ In addition, Barclays also offers 3.70% APY for the Online Savings account, while CIT Bank offers 3.75% APY for the Savings Connect account.
Calculate Savings Growth for Barclays vs CIT Bank
Barclays - Tiered Savings
⚠️The higher APY only applies once your balance reaches $250,000.
Total savings breakdown:
- Interest earned: $2,370.2 (11.64%)
- Total contributions: $13,000 (63.82%)
- Initial deposit: $5,000 (24.55%)
Your total balance
$20,370.20
Total balance: $20,370.2
Earnings: $2,370.2
Bank OverviewCIT Bank - Platinum Savings
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
Total balance: $20,338
Earnings: $2,338
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Barclays's total earnings would be $32.2 higher than CIT Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Barclays' vs CIT Bank's Savings Accounts
| Barclays | CIT Bank | ||||
|---|---|---|---|---|---|
| Product | Tiered Savings | Online Savings | vs | Platinum Savings | Savings Connect |
| APY | 3.90% - 4.10% (as of 11/2/2025) | 3.70% (as of 11/2/2025) | 0.25% - 3.85% (as of 11/2/2025) | 3.75% (as of 11/2/2025) | |
| Bundled Account | No | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $100 | $100 | |
| Minimum Balance for APY | $250,000 | Enough to earn $0.01 in interest | $5,000 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | No | |
| Note | The 4.10% APY is only available for balances over $250,000. For lower balances, the APY is 3.90%. | ||||
| App Store Rating | 4.8/5 | 4.8/5 | |||
| Google Play Rating | 4.7/5 | 4.3/5 | |||
| BBB Rating | A+ | A- | |||
Comparative Historical APY Insights (Last 9 Months)
| Barclays | CIT Bank | ||||
|---|---|---|---|---|---|
| Product | Online Savings | Tiered Savings | vs | Savings Connect | Platinum Savings |
| Latest APY | 3.70 % | 4.10 % | 3.75 % | 3.85 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -2.9 | -4.9 | -2.8 | -4.9 | |
| Rate Changes / Mo | 0.53 | 0.63 | 0.21 | 0.42 | |
| Days Since Last Change | 145 | 137 | 40 | 40 | |
| High (-9 m) | 4.00 % | 4.50 % | 4.00 % | 4.35 % | |
| Low (-9 m) | 3.70 % | 4.10 % | 3.75 % | 3.85 % | |
| Draw-down from High | -7.5 % | -8.9 % | -6.3 % | -11.5 % | |
| Volatility (CV) | 0.024 | 0.035 | 0.023 | 0.036 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 284 days.
- Low (-9 m)
- Lowest APY in the last 284 days.
- Draw-down from High
- How far today sits below the 9-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.