Bask Bank vs. CIT Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Bask BankInterest Savings Account Jan 21, 2026 | CIT BankPlatinum Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.75% | 0.25% - 3.75% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$188 $10,000+$375 $25,000+$938 |
Min Deposit | $0 | $100 |
Snapshot view. Rates subject to change. | ||
Terms | - | 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 InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
As of both Bask Bank (Interest Savings Account) and CIT Bank (Platinum Savings) offer an APY of 3.75% .
Both banks yield $375 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.
In addition, CIT Bank also offers 3.65% APY for the Savings Connect account, with a minimum balance of $0.
Why Bask Bank?
No distinct advantages found vs CIT Bank.
Why CIT Bank?
- ✓Offers 2 different high-yield savings options
Shared Benefits
Executive Summary as of
Bask Bank offers an Interest Savings Account with a competitive APY of 3.75%, with no minimum deposit or balance requirements, and no maintenance fees, making it a straightforward option for savers. In comparison, CIT Bank's Savings Connect account provides a slightly lower APY of 3.65% but also has a minimum deposit of $100. However, CIT Bank's Platinum Savings account matches Bask Bank's APY at 3.75%, though it requires a minimum balance of $5,000 to earn this rate, with lower balances yielding only 0.25%. Both banks operate online only, ensuring ease of access for customers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Bask Bank vs. CIT Bank Savings Calculator
Both accounts earn exactly the same amount.
Bask Bank
Interest Savings Account
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
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.
| Feature | Bask Bank | CIT Bank |
|---|---|---|
| APY | 3.75% Verified: 1/21/2026 ↘︎ 0.30%90d Change | 3.75% Range: 0.25% - 3.75% Verified: 1/21/2026 ↘︎ 0.10%90d Change |
| Product Name | Interest Savings Account | Platinum Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0 | $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 | iOS4.7 Android4.7 | iOS4.8 Android4.6 |
| Zelle® Support | Available Available for Interest Checking; not for standalone savings. | Available Supported for eChecking users post-First Citizens merger. |
| BBB Rating | B | A- |
| Important Notes | - | 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 Bask Bank Non-sponsored link to official site | Visit SiteGo to CIT Bank * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bask Bank | CIT Bank | |
|---|---|---|---|
| Interest Savings Account | Savings Connect | Platinum Savings | |
Current APY | 3.75% | 3.65% | 3.75% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -5.3 | -3.6 | -4.9 |
Days Since Change | 33 | 62 | 62 |
12-Month High | 4.50% | 4.00% | 4.35% |
12-Month Low | 3.75% | 3.65% | 3.75% |
Adjustments / Mo | 0.49 | 0.25 | 0.41 |
Volatility Score | 0.049 | 0.036 | 0.046 |
How to read these metrics(Click to expand)
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