Capital One vs Cit Bank
High-Yield Savings Accounts Comparison
Last Updated: July 15, 2025
Summary of Capital One vs. CIT Bank
As of July 15, 2025 Capital One offers an APY of 3.50% for its 360 Performance Savings account, compared to CIT Bank's 4.00% APY for its Platinum Savings account.
CIT Bank yields $50 more than Capital One on a $10,000 balance after one year. Capital One pays $350, while CIT Bank pays $400 - an APY advantage for CIT Bank.
In addition, CIT Bank also offers 3.90% APY for the Savings Connect account.
Capital One
Strengths
- Capital One offers a 3.50% APY, though it decreased from 3.60% in the last 30 days.
- Capital One has over 200 branches across multiple states.
- Capital One has an A+ BBB rating and is BBB Accredited.
Potential Drawbacks
- Capital One's 360 Performance Savings requires no minimum deposit but offers a lower APY than CIT Bank's accounts.
CIT Bank
Strengths
- CIT Bank's Platinum Savings offers a higher APY of 4.00%, unchanged from 30 days ago.
- CIT Bank's Savings Connect also has a competitive APY of 3.90%.
Potential Drawbacks
- CIT Bank has no physical branches available for customer service.
- CIT Bank is not BBB Accredited and has a lower A- BBB rating.
Summary: Capital One provides a solid APY of 3.50% with branch access and a strong BBB rating, while CIT Bank offers a higher APY of 4.00% for its Platinum Savings account but lacks physical branches and accreditation from the BBB. Both banks have no maintenance fees and do not require direct deposits, but their overall offerings differ significantly in APY and customer service accessibility.
Compare Capital One's vs CIT Bank's Savings Accounts
| Capital One | CIT Bank | |||
|---|---|---|---|---|
| Product | 360 Performance Savings | vs | Savings Connect | Platinum Savings |
| APY | 3.50% (as of 7/15/2025) | 3.90% (as of 7/15/2025) | 0.25% - 4.00% (as of 7/15/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | No | Yes | Yes | |
| Compound Frequency | Monthly | Daily | Daily | |
| Minimum Deposit | $0 | $100 | $100 | |
| Minimum Balance for APY | $0 | $0 | $5,000 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | |
| Visit Bank | 360 Performance Savings | Savings Connect | Platinum Savings | |
| App Store Rating | 4.9/5 | 4.8/5 | ||
| Google Play Rating | 4.5/5 | 4.6/5 | ||
| BBB Rating | A+ | A- | ||
Comparative Historical APY Insights (Last 6 Months)
| Capital One | CIT Bank | |||
|---|---|---|---|---|
| Product | 360 Performance Savings | vs | Savings Connect | Platinum Savings |
| Latest APY | 3.50 % | 3.90 % | 4.00 % | |
| Trend | Sideways | Sideways | Falling | |
| Slope (bps/mo) | -4.4 | -1.5 | -6.6 | |
| Rate Changes / Mo | 0.51 | 0.17 | 0.51 | |
| Days Since Last Change | 20 | 34 | 34 | |
| High (-6 m) | 3.80 % | 4.00 % | 4.35 % | |
| Low (-6 m) | 3.50 % | 3.90 % | 4.00 % | |
| Draw-down from High | -7.9 % | -2.5 % | -8.0 % | |
| Volatility (CV) | 0.022 | 0.010 | 0.029 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-6 m)
- Highest APY in the last 175 days.
- Low (-6 m)
- Lowest APY in the last 175 days.
- Draw-down from High
- How far today sits below the 6-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Calculate Savings Growth for Capital One vs CIT Bank
All calculations are based on APY.
Capital One
APY: 3.50%
Total savings breakdown:
- Interest earned: $35 (3.38%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.62%)
Your total balance
$1,035.00
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $1,035
Earnings: $35
Bank DetailsCIT Bank
APY: 4.00%
Total savings breakdown:
- Interest earned: $40 (3.85%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.15%)
Your total balance
$1,040.00
Effective APY: 4.00% (based on your deposit and contributions)
Total balance: $1,040
Earnings: $40
Bank DetailsAfter 1 year Capital One would earn you $5 less than CIT Bank.
More Comparisons
Compare Capital One's APY of 3.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Capital One vs Ally Bank | 3.50% | $0 |
| Capital One vs American Express | 3.60% | $0 |
| Capital One vs Axos Bank | 4.66% | $0 |
| Capital One vs Bank of America | 0.01% | $100 |
| Capital One vs Barclays | 4.10% | $0 |
| Capital One vs Chase Bank | 0.01% | $0 |
| Capital One vs Chime | 3.75% | $0 |
| Capital One vs Discover Bank | 3.50% | $0 |
| Capital One vs Fitness Bank | 5.00% | $100 |
| Capital One vs Marcus by Goldman Sachs | 3.65% | $0 |
| Capital One vs Presidential Bank | 4.50% | $5,000 |
| Capital One vs SoFi Bank | 3.80% | $0 |
| Capital One vs Synchrony Bank | 3.80% | $0 |
| Capital One vs Varo Bank | 5.00% | $0 |
| Capital One vs Wells Fargo | 2.51% | $25 |
Compare CIT Bank's APY of 4.00% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| CIT Bank vs Ally Bank | 3.50% | $0 |
| CIT Bank vs American Express | 3.60% | $0 |
| CIT Bank vs Axos Bank | 4.66% | $0 |
| CIT Bank vs Bank of America | 0.01% | $100 |
| CIT Bank vs Barclays | 4.10% | $0 |
| CIT Bank vs Chase Bank | 0.01% | $0 |
| CIT Bank vs Chime | 3.75% | $0 |
| CIT Bank vs Discover Bank | 3.50% | $0 |
| CIT Bank vs Fitness Bank | 5.00% | $100 |
| CIT Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| CIT Bank vs Presidential Bank | 4.50% | $5,000 |
| CIT Bank vs SoFi Bank | 3.80% | $0 |
| CIT Bank vs Synchrony Bank | 3.80% | $0 |
| CIT Bank vs Varo Bank | 5.00% | $0 |
| CIT Bank vs Wells Fargo | 2.51% | $25 |