Betterment vs. CIT Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Betterment
Cash Reserve
3.50%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Betterment
Cash Reserve
CIT Bank
Platinum Savings
Up to3.75%APYDec 10, 2025FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppRange: 0.25% – 3.75%Show Fine Print & Trends Hide Details
CIT Bank
Platinum Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Betterment vs. CIT Bank Savings Calculator
CIT Bank earns $159.7 more than Betterment.
Betterment
Cash Reserve
Savings Breakdown
- Interest Earned+$2,114.10(10.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,114.10
CIT Bank
Platinum Savings
Savings Breakdown
- Interest Earned+$2,273.80(11.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,273.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Betterment vs. CIT Bank
Why Betterment?
- ✓Higher rated Android app (4.7 vs 4.3)
Why CIT Bank?
- ✓Higher potential APY (3.65%-3.75% vs 3.50%)
- ✓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 $350/yr).
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $875/yr).
Shared Benefits
Over a 1-year period, CIT Bank's Platinum Savings pays $25 more interest on a $10,000 balance than Betterment's Cash Reserve.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
CIT Bank offers a superior savings option with its Platinum Savings account, boasting an APY of 3.75%, compared to Betterment's Cash Reserve, which yields 3.50%. Both accounts are online-only and do not require direct deposit. However, CIT Bank's Platinum Savings requires a minimum deposit of $100 and a minimum balance of $5,000 to avoid fees, while Betterment allows a minimum deposit of just $10 with no balance requirement. Additionally, CIT Bank's Savings Connect account also provides a competitive APY of 3.65%, making it a solid alternative. Overall, CIT Bank's Platinum Savings is the winner based on the highest APY.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Betterment and CIT Bank.
| Feature | Betterment | CIT Bank |
|---|---|---|
| APY | 3.50% Verified: 12/10/2025 ↘︎ 0.50%90d Change | 3.75% Range: 0.25% - 3.75% Verified: 12/10/2025 ↘︎ 0.25%90d Change |
| Product Name | Cash Reserve | Platinum Savings |
| Minimum Deposit | $10 | $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 | iOS4.8 Android4.7 | iOS4.8 Android4.3 |
| BBB Rating | A- | A- |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Betterment | CIT Bank | |
|---|---|---|---|
| Cash Reserve | Savings Connect | Platinum Savings | |
Current APY | 3.50% | 3.65% | 3.75% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -4.1 | -3.3 | -5.1 |
Days Since Change | 39 | 20 | 20 |
12-Month High | 4.25% | 4.00% | 4.55% |
12-Month Low | 3.50% | 3.65% | 3.75% |
Adjustments / Mo | 0.25 | 0.25 | 0.50 |
Volatility Score | 0.048 | 0.031 | 0.045 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Betterment vs...
Comparing against Standard Savings
Compare CIT Bank vs...
Comparing against Standard Savings
Higher Rates (With Checking)
Looking for something different? Check out these top-rated alternatives.