Bask Bank vs. CIT Bank
Comparing Bask Bank and CIT Bank for high-yield savings: Bask Bank's Interest Savings Account pays 4.10% 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? Bask Bank pays $35 more than CIT Bank annually ($410 vs $375).
Choose Bask Bank if getting the best rate matters most, or choose CIT Bank if BBB rating matters to you.
| Metric | Bask BankInterest Savings Account Jun 5, 2026 | CIT BankPlatinum Savings Jun 5, 2026 |
|---|---|---|
| APY | 4.10% | 0.25% - 3.75% |
Est. Earnings | $5,000+$205 $10,000+$410 $25,000+$1,025 | $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 |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Executive Summary
Bask Bank offers a competitive Interest Savings Account with an APY of 4.10%, making it the superior choice compared to CIT Bank's Savings Connect at 3.65% and Platinum Savings at 3.75%. Bask Bank's account requires no minimum deposit or direct deposit, and it has no maintenance fees, providing a simple and attractive option for savers. In contrast, CIT Bank's Platinum Savings requires a minimum balance of $5,000 to earn the higher APY, while their Savings Connect account has a minimum deposit of $100. Both banks operate online-only, ensuring easy access to their savings products.
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?
- ✓Higher potential APY (4.10% vs 3.65%-3.75%) on all balances
Why CIT Bank?
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
Bask BankBask Bank's Interest Savings Account earns more on smaller deposits (approx. $410 vs $375/yr).
Better Returns at $25,000
Bask BankBask Bank's Interest Savings Account pulls ahead with larger amounts (approx. $1025 vs $938/yr).
Best for Simplicity
Bask BankBask Bank's Interest Savings Account offers 4.10% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Bask Bank's Interest Savings Account pays $35 more interest on a $10,000 balance than CIT Bank's Platinum Savings.
*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 $35 more with Bask Bank than CIT 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+$410.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,410.00
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 banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $374 per year in interest.
Both Bask Bank and CIT Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Bask Bank | CIT Bank |
|---|---|---|
| APY | 4.10% Verified: 6/5/2026 ↗︎ 3.85%90d Change | 3.75% Range: 0.25% - 3.75% Verified: 6/5/2026 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 | 4.10% | 3.65% | 3.75% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -28.1 | -2.7 | -2.7 |
Days Since Change | 17 | 197 | 197 |
12-Month High | 4.20% | 4.00% | 4.10% |
12-Month Low | 0.25% | 3.65% | 3.75% |
Adjustments / Mo | 0.58 | 0.25 | 0.25 |
Volatility Score | 0.560 | 0.029 | 0.028 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Bask Bank's APY of 4.10% with other banks
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|---|---|---|
| Bask Bank vs Ally Bank | 3.10% | $0 |
| Bask Bank vs American Express | 3.10% | $0 |
| Bask Bank vs Axos Bank | 4.21% | $0 |
| Bask Bank vs Barclays | 3.75% | $0 |
| Bask Bank vs Capital One | 3.00% | $0 |
| Bask Bank vs Chime | 3.00% | $0 |
| Bask Bank vs Discover Bank | 3.30% | $0 |
| Bask Bank vs EverBank | 3.90% | $0 |
| Bask Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Bask Bank vs Newtek Bank | 4.20% | $0.01 |
| Bask Bank vs Openbank | 4.00% | $500 |
| Bask Bank vs Pibank | 4.40% | $0 |
| Bask Bank vs SoFi Bank | 3.80% | $0 |
| Bask Bank vs Synchrony Bank | 3.40% | $0 |
| Bask Bank vs Varo Bank | 5.00% | $0 |
| Bask Bank vs Wealthfront | 4.20% | $0 |