Betterment vs. CIT Bank
Comparing Betterment and CIT Bank for high-yield savings: Betterment's Cash Reserve pays 3.25% 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 $50 more than Betterment annually ($375 vs $325).
Choose CIT Bank if getting the best rate matters most, or you want Zelle for quick transfers.
| Metric | BettermentCash Reserve Feb 6, 2026 | CIT BankPlatinum Savings Feb 6, 2026 |
|---|---|---|
| APY | 3.25% | 0.25% - 3.75% |
Est. Earnings | $5,000+$163 $10,000+$325 $25,000+$813 | $5,000+$188 $10,000+$375 $25,000+$938 |
Min Deposit | $10 | $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 InsuredLow MinimumsGreat iOS AppGreat Android AppRate 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 4.15% APY.
Comparison Analysis
Comparing Betterment vs. CIT Bank
Executive Summary
CIT Bank offers a competitive Savings Connect account with an APY of 3.65%, making it the higher-yield option compared to Betterment's Cash Reserve, which has an APY of 3.25%. Both accounts are online-only and do not require direct deposit, but CIT Bank's account has a minimum deposit of $100, while Betterment only requires $10. Additionally, CIT Bank provides a tiered Platinum Savings account that can yield up to 3.75% APY, contingent on maintaining a minimum balance of $5,000, although lower balances earn significantly less. Overall, CIT Bank's offerings present a more favorable return for savers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Betterment?
No distinct advantages found vs CIT Bank.
Why CIT Bank?
- ✓Higher potential APY (3.65%-3.75% vs 3.25%)
- ✓Offers 2 different high-yield savings options
- ✓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 $325/yr).
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $813/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 $50 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.
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* Secure link to our partner
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Betterment vs. CIT Bank Savings Calculator
You earn $50 more with CIT Bank than Betterment 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.
Betterment
Cash Reserve
Savings Breakdown
- Interest Earned+$325.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,325.00
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 $324 per year in interest.
Both Betterment and CIT Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Betterment | CIT Bank |
|---|---|---|
| APY | 3.25% Verified: 2/6/2026 ↘︎ 0.25%90d Change | 3.75% Range: 0.25% - 3.75% Verified: 2/6/2026 ↘︎ 0.10%90d Change |
| Product Name | Cash Reserve | Platinum Savings |
| Minimum Deposit | $10 | $100 |
| Min. Balance for APY | $0 | $5,000 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | N/A | 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 | Yes | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Supported for eChecking users post-First Citizens merger. |
| BBB Rating | A- | 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 Betterment Non-sponsored link to official site | Visit SiteGo to CIT Bank * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Betterment | CIT Bank | |
|---|---|---|---|
| Cash Reserve | Savings Connect | Platinum Savings | |
Current APY | 3.25% | 3.65% | 3.75% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -7.3 | -3.7 | -4.7 |
Days Since Change | 55 | 78 | 78 |
12-Month High | 4.00% | 4.00% | 4.30% |
12-Month Low | 3.25% | 3.65% | 3.75% |
Adjustments / Mo | 0.25 | 0.25 | 0.33 |
Volatility Score | 0.081 | 0.037 | 0.044 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Betterment's APY of 3.25% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Betterment vs Ally Bank | 3.30% | $0 |
| Betterment vs American Express | 3.30% | $0 |
| Betterment vs Axos Bank | 4.21% | $0 |
| Betterment vs Bank of America | 0.01% | $100 |
| Betterment vs Barclays | 4.00% | $0 |
| Betterment vs Capital One | 3.30% | $0 |
| Betterment vs Chase Bank | 0.01% | $0 |
| Betterment vs Chime | 3.00% | $0 |
| Betterment vs Citibank | 3.20% | $0 |
| Betterment vs Discover Bank | 3.30% | $0 |
| Betterment vs EverBank | 3.90% | $0 |
| Betterment vs Marcus by Goldman Sachs | 3.65% | $0 |
| Betterment vs Newtek Bank | 4.20% | $0.01 |
| Betterment vs Openbank | 4.09% | $500 |
| Betterment vs Pibank | 4.60% | $0 |
| Betterment vs SoFi Bank | 4.00% | $0 |
| Betterment vs Synchrony Bank | 3.50% | $0 |
| Betterment vs Varo Bank | 5.00% | $0 |
| Betterment vs Wealthfront | 3.95% | $0 |
| Betterment vs Wells Fargo | 0.05% | $25 |