Capital One vs. CIT Bank
Comparing Capital One and CIT Bank for high-yield savings: Capital One's 360 Performance Savings pays 3.20% 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 $55 more than Capital One annually ($375 vs $320).
Choose Capital One if you value in-person banking. Choose CIT Bank if getting the best rate matters most.
| Metric | Capital One360 Performance Savings Apr 21, 2026 | CIT BankPlatinum Savings Apr 21, 2026 |
|---|---|---|
| APY | 3.20% | 0.25% - 3.75% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $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 AppIn-Person AccessZelle® SupportedRate 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.
Comparison Analysis
Comparing Capital One vs. CIT Bank
Executive Summary
CIT Bank offers a superior savings option with its Platinum Savings account, which provides a higher APY of 3.75% for balances of $5,000 or more, while lower balances earn 0.25%. Alternatively, the Savings Connect account offers a competitive APY of 3.65% with no minimum balance requirement, making it a great choice for simplicity. In comparison, Capital One's 360 Performance Savings account offers a lower APY of 3.20% with no minimum deposit or balance requirements. Both banks have no maintenance fees and are FDIC insured, but CIT Bank's higher APYs make it the more attractive option overall.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Capital One?
- ✓Physical branch access (Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C.)
Why CIT Bank?
- ✓Higher potential APY (3.65%-3.75% vs 3.20%)
- ✓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 $320/yr).
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $800/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 $55 more interest on a $10,000 balance than Capital One's 360 Performance Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
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Capital One vs. CIT Bank Savings Calculator
You earn $55 more with CIT Bank than Capital One 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.
Capital One
360 Performance Savings
Savings Breakdown
- Interest Earned+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
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 $319 per year in interest.
Both Capital One and CIT Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Capital One | CIT Bank |
|---|---|---|
| APY | 3.20% Verified: 4/21/2026 ↘︎ 0.10%90d Change | 3.75% Range: 0.25% - 3.75% Verified: 4/21/2026 Stable (90d) |
| Product Name | 360 Performance Savings | Platinum Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0 | $5,000 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Monthly | Daily |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Physical Branches | Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C. | 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 Limit: $2,500/dayAvailable for 360 Checking accounts. | 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 Capital One Non-sponsored link to official site | Visit SiteGo to CIT Bank * Secure link to our partner |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Capital One | CIT Bank | |
|---|---|---|---|
| 360 Performance Savings | Savings Connect | Platinum Savings | |
Current APY | 3.20% | 3.65% | 3.75% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.5 | -3.5 | -3.5 |
Days Since Change | 40 | 152 | 152 |
12-Month High | 3.60% | 4.00% | 4.10% |
12-Month Low | 3.20% | 3.65% | 3.75% |
Adjustments / Mo | 0.33 | 0.25 | 0.25 |
Volatility Score | 0.037 | 0.035 | 0.034 |
How to read these metrics(Click to expand)
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