Bask Bank vs. CIT Bank
Comparing Bask Bank and CIT Bank for savings: Bask Bank's Interest Savings Account pays 0.25% APY while CIT Bank's Platinum Savings pays 3.75% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? CIT Bank pays $350 more than Bask Bank annually ($375 vs $25).
Choose CIT Bank if getting the best rate matters most, or BBB rating matters to you.
| Metric | Bask BankInterest Savings Account Apr 21, 2026 | CIT BankPlatinum Savings Apr 21, 2026 |
|---|---|---|
| APY | 0.25% | 0.25% - 3.75% |
Est. Earnings | $5,000+$13 $10,000+$25 $25,000+$63 | $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® SupportedDaily CompoundingRate Changes Often | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.07% APY.
Executive Summary
CIT Bank offers a superior savings product with its Platinum Savings account, providing a competitive APY of 3.75%, contingent on maintaining a minimum balance of $5,000. For those with lower balances, the account still yields 0.25%. Additionally, CIT Bank's Savings Connect account offers a solid APY of 3.65% with no minimum balance requirement, making it an excellent choice for simplicity. In contrast, Bask Bank's Interest Savings Account offers a lower APY of 0.25% with no minimum deposit or balance requirements, but it does not compete with CIT Bank's higher yields. Both banks operate online only.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Bask Bank?
No distinct advantages found vs CIT Bank.
Why CIT Bank?
- ✓Higher potential APY (3.65%-3.75% vs 0.25%) on all balances
- ✓No checking account or direct deposit required
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
CIT BankCIT Bank's Platinum Savings earns more on smaller deposits (approx. $375 vs $25/yr).
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $63/yr).
Best 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 $350 more interest on a $10,000 balance than Bask Bank's Interest Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
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Bask Bank vs. CIT Bank Savings Calculator
You earn $350 more with CIT Bank than Bask 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.
Bask Bank
Interest Savings Account
Savings Breakdown
- Interest Earned+$25.00(0.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,025.00
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 | 0.25% Verified: 4/21/2026 ↘︎ 3.50%90d Change | 3.75% Range: 0.25% - 3.75% Verified: 4/21/2026 Stable (90d) |
| Product Name | Interest Savings Account | Platinum Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0 | $5,000 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None. You cannot make use of First Citizens Bank's branches. |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| 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 | 0.25% | 3.65% | 3.75% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -36.0 | -3.5 | -3.5 |
Days Since Change | 77 | 152 | 152 |
12-Month High | 4.20% | 4.00% | 4.10% |
12-Month Low | 0.25% | 3.65% | 3.75% |
Adjustments / Mo | 0.41 | 0.25 | 0.25 |
Volatility Score | 0.533 | 0.035 | 0.034 |
How to read these metrics(Click to expand)
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