Barclays vs. CIT Bank
Barclays' Tiered Savings offers 3.50% APY on most balances, and 3.65% from $250,000.
CIT Bank's Platinum Savings advertises 3.75% APY on balances of $5,000 or more, and 0.25% below that.
See how they compare on rate stability, mobile app ratings, and more below.
The bank states no rate for balances over $1,000,000.
The Bottom Line
On a $10,000 balance, CIT Bank's Platinum Savings earns about $25 more in a year than Barclays's Tiered Savings: $375 against $350.
Choose CIT Bank if getting the best rate matters most, or you want Zelle for quick transfers.
| Metric | BarclaysTiered Savings Nov 9, 2026 | CIT BankPlatinum Savings Nov 9, 2026 |
|---|---|---|
| APY | Up to3.65%On balances of $250,000 to $1,000,000 · 3.50% below | 3.75%Needs at least $5,000 |
Earns in a year | $5,000+$175 $10,000+$350 $25,000+$875 | $5,000+$188 $10,000+$375 $25,000+$938 |
Min. Deposit | $0 | $100 |
Snapshot view. Rates subject to change. | ||
Terms | The top APY is only available for balances over $250,000. For lower balances, a lower APY applies. | This is a tiered savings account, where the stated APY requires meeting the $5,000 balance requirement. Lower balances earn a lower APY. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingStable Rate |
Market Reality Check
Both of these institutions pay less on $10,000 than the 10 highest-paying savings accounts we track that are open nationwide. Each of those earns at least $415 a year on $10,000.
Executive Summary
Barclays last changed its rate on June 24, 2026, down 10 basis points, while CIT Bank last changed on February 4, 2026, up 10 basis points. Barclays paid 3.71% on average on savings and money market deposits. Its standard rate is 3.50% at a balance of $10,000. CIT Bank paid 2.95% on average on savings and money market deposits. Its standard rate is 3.75% at a balance of $10,000. CIT Bank leads with a 3.75% rate.
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?
No distinct advantages found vs CIT Bank.
Why CIT Bank?
- Fast transfers via Zelle®
Key Feature Differences
Better Returns at $10,000
CIT BankCIT Bank's Platinum Savings earns more on smaller deposits (approx. $375 vs $350/yr).
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $875/yr).
Better for Simplicity
CIT BankCIT Bank's Savings Connect offers 3.65% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, CIT Bank's Platinum Savings pays $25 more interest on a $10,000 balance than Barclays's Tiered Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Barclays vs. CIT Bank Savings Calculator
You earn $25 more with CIT Bank than Barclays 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
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
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 at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $345 a year in interest.
Both Barclays and CIT Bank advertise far more than that typical branch-bank rate.
| Feature | Barclays | CIT Bank |
|---|---|---|
| APY | 3.65% Range: 3.50% - 3.65% Observed: 11/9/2026 Stable over 90 days | 3.75% Range: 0.25% - 3.75% Observed: 11/9/2026 Stable over 90 days |
| Product Name | Tiered Savings | Platinum Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0.01 | $5,000 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branches | None | None |
| Physical Branches | None that serve this account | Not reported |
| Direct Deposit Req. | None | None |
| Linked Account | No | No |
| Mobile Apps | ||
| FDIC or NCUA 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 top APY is only available for balances over $250,000. For lower balances, a lower APY applies. | This is a tiered savings account, where the stated APY requires meeting the $5,000 balance requirement. Lower balances earn a lower APY. |
| Next Steps | Visit SiteVerify at Barclays Non-sponsored link to official site | Visit SiteVerify at CIT Bank Non-sponsored link to official site |
What each bank pays on deposits
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
Barclays
The two figures answer different questions, so they sit side by side and are not combined. The 3.65% applies to balances from $250,000 to $1,000,000. Below $250,000, the account advertises 3.50%. The bank states no rate for the balance above $1,000,000.
In Q2 2026, Barclays Bank Delaware paid a higher average rate on savings and money market deposits than 99% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
Each figure is that bank's own charter-level average across its whole deposit book, so the two are shown one after the other and are not a ranking.
CIT Bank
The two figures answer different questions, so they sit side by side and are not combined. The 3.75% needs a balance of at least $5,000. Below that, the account advertises 0.25%.
In Q2 2026, First-Citizens Bank&Trust Company paid a higher average rate on savings and money market deposits than 93% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
CD rates, term by term
Barclays lists CDs on Banksparency at 6, 9, 12, 18, 24, 36, 48 and 60 months. CIT Bank lists CDs at 6, 11, 12, 13, 18, 24, 36, 48 and 60 months. Each row below is one term, with the best rate each bank advertises for it.
| Term | Barclays APY | CIT Bank APY | FDIC average (Oct 2026) |
|---|---|---|---|
| 12 months | 4.50% APYNo minimum | 4.00% APY$1,000 minimum | 1.76% |
| 6 months | 4.00% APYNo minimum | 3.75% APY$1,000 minimum | 1.39% |
| 9 months | 4.00% APYNo minimum | Not listed here | |
| 11 months | Not listed here | 3.90% APY$1,000 minimum | 1.76%12-month average |
| 13 months | Not listed here | 3.25% APY$1,000 minimum | 1.76%12-month average |
| 18 months | 4.50% APYNo minimum | 2.75% APY$1,000 minimum | |
| 24 months | 4.75% APYNo minimum | 0.40% APY$1,000 minimum | 1.55% |
| 36 months | 4.50% APYNo minimum | 0.40% APY$1,000 minimum | 1.39% |
| 48 months | 4.50% APYNo minimum | 0.50% APY$1,000 minimum | 1.31% |
| 60 months | 4.75% APYNo minimum | 0.50% APY$1,000 minimum | 1.41% |
Rates are annual percentage yields (APY). A variable rate may change after the account is opened. Fees could reduce the earnings on the account. A penalty may be imposed for early withdrawal.
Money market accounts
A money market account holds a savings balance and adds check or debit card access. The figure each bank advertises is its highest APY across every active tier, so the sentence under it says which balance earns that rate.
Barclays
No money market account listed here.
CIT Bank
Money Market
1.55% APY
$100 minimum. As observed Nov 9, 2026.
The FDIC national money market average was 0.63% in Oct 2026.
Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | CIT Bank | ||
|---|---|---|---|---|
| Tiered Savings | Online Savings | Platinum Savings | Savings Connect | |
Current APY | 3.65% | 3.20% | 3.75% | 3.65% |
Trend | Stable | Stable | Stable | Stable |
Speed of change | -0.04 | -0.04 | -0.01 | -0.01 |
Days Since Change | 138 | 67 | 354 | 354 |
12-Month High | 4.10% | 3.70% | 3.85% | 3.75% |
12-Month Low | 3.65% | 3.20% | 3.75% | 3.65% |
Changes per month | 0.33 | 0.41 | 0.08 | 0.08 |
Steadiness | 0.018 | 0.025 | 0.009 | 0.009 |
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More Comparisons
Compare Barclays' APY of 3.65% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Barclays vs Ally Bank | 3.20% | $0 |
| Barclays vs American Express | 3.20% | $0 |
| Barclays vs Axos Bank | 5.00% | $0 |
| Barclays vs Bank of America | 0.04% | $100 |
| Barclays vs Bask Bank | 3.90% | $0 |
| Barclays vs Betterment | 4.25% | $0 |
| Barclays vs Bread Savings | 4.05% | $100 |
| Barclays vs Capital One | 3.20% | $0 |
| Barclays vs Charles Schwab Bank | 0.15% | $0 |
| Barclays vs Chase Bank | 0.01% | $0 |
| Barclays vs Chime | 4.00% | $0 |
| Barclays vs Citibank | 0.05% | $0 |
| Barclays vs Citizens Access™ | 2.80% | $0.01 |
| Barclays vs E*TRADE from Morgan Stanley | 3.75% | $0 |
| Barclays vs EverBank | 4.20% | $0 |
| Barclays vs FNBO Direct | 3.00% | $0 |
| Barclays vs Forbright Bank | 3.85% | $0 |
| Barclays vs Happen Bank | 4.20% | $0 |
| Barclays vs Ivy Bank | 4.00% | $2,500 |
| Barclays vs Marcus by Goldman Sachs | 3.50% | $0 |
| Barclays vs Newtek Bank | 4.20% | $100 |
| Barclays vs Openbank | 4.35% | $500 |
| Barclays vs Peak Bank | 4.27% | $100 |
| Barclays vs Pibank | 4.40% | $0 |
| Barclays vs PNC | 3.15% | $0 |
| Barclays vs SoFi Bank | 4.40% | $0 |
| Barclays vs Synchrony Bank | 3.75% | $0 |
| Barclays vs UFB Direct | 4.01% | $5,000 |
| Barclays vs Varo Bank | 3.75% | $0 |
| Barclays vs Wealthfront | 4.20% | $0 |
| Barclays vs Wells Fargo | 0.05% | $25 |