Barclays vs Cit Bank
High-Yield Savings Accounts Comparison
Last Updated: September 18, 2025
We earn a commission if you open an account through some links on this page.
Summary of Barclays vs. CIT Bank
As of September 18, 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 4.00% APY for its Platinum Savings account, with a minimum balance of $5,000.
CIT Bank yields $10 more than Barclays on a $10,000 balance after one year. Barclays pays $390 (with an effective APY of 3.9%), while CIT Bank pays $400 - an APY advantage for CIT Bank.
In addition, Barclays also offers 3.70% APY for the Online Savings account, while CIT Bank offers 3.90% APY for the Savings Connect account.
Barclays
Strengths
- Barclays offers a higher APY of 4.10% for balances over $250,000.
- Barclays has a higher BBB rating of A+ and is BBB Accredited.
- Barclays has no maintenance fees on all accounts.
Potential Drawbacks
- Barclays requires a minimum balance of $250,000 for the highest APY.
- Barclays has no branches for in-person banking.
- Barclays' Online Savings APY is lower at 3.70%.
CIT Bank
Strengths
- CIT Bank's Platinum Savings offers a competitive APY of 4.00%.
- CIT Bank has a lower minimum deposit of $100 for opening accounts.
- CIT Bank's Savings Connect has no minimum balance requirement.
Potential Drawbacks
- CIT Bank has a lower BBB rating of A- and is not BBB Accredited.
- CIT Bank's highest APY is lower than Barclays' at 4.00%.
- CIT Bank has no branches for in-person banking.
Summary: Barclays offers a higher APY of 4.10% for large balances and has a stronger BBB rating compared to CIT Bank's 4.00% APY. However, CIT Bank requires a lower minimum deposit of $100 and has no minimum balance for its Savings Connect account. Both banks operate online only, lacking physical branches, but Barclays' Online Savings APY is lower than CIT Bank's offerings.
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 9/18/2025) | 3.70% (as of 9/18/2025) | 0.25% - 4.00% (as of 9/18/2025) | 3.90% (as of 9/18/2025) | |
| 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 | 4.6/5 | |||
| BBB Rating | A+ | A- | |||
Comparative Historical APY Insights (Last 8 Months)
| Barclays | CIT Bank | ||||
|---|---|---|---|---|---|
| Product | Online Savings | Tiered Savings | vs | Savings Connect | Platinum Savings |
| Latest APY | 3.70 % | 4.10 % | 3.90 % | 4.00 % | |
| Trend | Sideways | Falling | Sideways | Sideways | |
| Slope (bps/mo) | -3.6 | -6.1 | -1.8 | -4.7 | |
| Rate Changes / Mo | 0.63 | 0.75 | 0.13 | 0.38 | |
| Days Since Last Change | 100 | 92 | 98 | 98 | |
| High (-8 m) | 4.00 % | 4.50 % | 4.00 % | 4.35 % | |
| Low (-8 m) | 3.70 % | 4.10 % | 3.90 % | 4.00 % | |
| Draw-down from High | -7.5 % | -8.9 % | -2.5 % | -8.0 % | |
| Volatility (CV) | 0.024 | 0.035 | 0.012 | 0.030 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 239 days.
- Low (-8 m)
- Lowest APY in the last 239 days.
- Draw-down from High
- How far today sits below the 8-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 Barclays vs CIT Bank
All calculations are based on APY.
Barclays
APY: 4.10%
⚠️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
Effective APY: 3.90% (based on your deposit and contributions)
Total balance: $20,370.2
Earnings: $2,370.2
Bank OverviewCIT Bank
APY: 4.00%
Total savings breakdown:
- Interest earned: $2,434.7 (11.91%)
- Total contributions: $13,000 (63.62%)
- Initial deposit: $5,000 (24.47%)
Your total balance
$20,434.70
Effective APY: 4.00% (based on your deposit and contributions)
Total balance: $20,434.7
Earnings: $2,434.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Barclays's total earnings would be $64.5 lower than CIT Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Barclays' APY of 4.10% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Barclays vs Ally Bank | 3.50% | $0 |
| Barclays vs American Express | 3.50% | $0 |
| Barclays vs Axos Bank | 4.46% | $0 |
| Barclays vs Bank of America | 0.01% | $100 |
| Barclays vs BrioDirect | 4.30% | $5,000 |
| Barclays vs Capital One | 3.50% | $0 |
| Barclays vs Chase Bank | 0.01% | $0 |
| Barclays vs Chime | 3.75% | $0 |
| Barclays vs Discover Bank | 3.50% | $0 |
| Barclays vs Elevault | 4.60% | $0 |
| Barclays vs EverBank | 4.30% | $0 |
| Barclays vs Fitness Bank | 4.75% | $100 |
| Barclays vs FVCbank | 4.35% | $500 |
| Barclays vs GO2bank | 4.50% | $0 |
| Barclays vs Marcus by Goldman Sachs | 3.65% | $0 |
| Barclays vs Neighbors Bank | 4.60% | $0 |
| Barclays vs Newtek Bank | 4.35% | $0 |
| Barclays vs Peak Bank | 4.35% | $100 |
| Barclays vs Pibank | 4.60% | $0 |
| Barclays vs Presidential Bank | 4.50% | $5,000 |
| Barclays vs Santander Bank | 0.03% | $25 |
| Barclays vs SoFi Bank | 4.50% | $0 |
| Barclays vs Synchrony Bank | 3.80% | $0 |
| Barclays vs TIMBR | 4.40% | $1,000 |
| Barclays vs UFB Direct | 4.10% | $5000 |
| Barclays vs Varo Bank | 5.00% | $0 |
| Barclays vs Wells Fargo | 2.51% | $25 |
| Barclays vs Zynlo Bank | 4.35% | $10 |
Compare CIT Bank's APY of 4.00% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| CIT Bank vs Ally Bank | 3.50% | $0 |
| CIT Bank vs American Express | 3.50% | $0 |
| CIT Bank vs Axos Bank | 4.46% | $0 |
| CIT Bank vs Bank of America | 0.01% | $100 |
| CIT Bank vs BrioDirect | 4.30% | $5,000 |
| 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 Elevault | 4.60% | $0 |
| CIT Bank vs EverBank | 4.30% | $0 |
| CIT Bank vs Fitness Bank | 4.75% | $100 |
| CIT Bank vs FVCbank | 4.35% | $500 |
| CIT Bank vs GO2bank | 4.50% | $0 |
| CIT Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| CIT Bank vs Neighbors Bank | 4.60% | $0 |
| CIT Bank vs Newtek Bank | 4.35% | $0 |
| CIT Bank vs Peak Bank | 4.35% | $100 |
| CIT Bank vs Pibank | 4.60% | $0 |
| CIT Bank vs Presidential Bank | 4.50% | $5,000 |
| CIT Bank vs Santander Bank | 0.03% | $25 |
| CIT Bank vs SoFi Bank | 4.50% | $0 |
| CIT Bank vs Synchrony Bank | 3.80% | $0 |
| CIT Bank vs TIMBR | 4.40% | $1,000 |
| CIT Bank vs UFB Direct | 4.10% | $5000 |
| CIT Bank vs Varo Bank | 5.00% | $0 |
| CIT Bank vs Wells Fargo | 2.51% | $25 |
| CIT Bank vs Zynlo Bank | 4.35% | $10 |