Capital One vs Cit Bank
High-Yield Savings Accounts Comparison
Last Updated: June 20, 2025
Summary of Capital One vs. CIT Bank
As of June 20, 2025 Capital One offers an APY of 3.60% for its 360 Performance Savings account, compared to CIT Bank's 4.00% APY for its Platinum Savings account.
CIT Bank yields $40 more than Capital One on a $10,000 balance after one year. Capital One pays $360, 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 3.60% APY with no minimum balance requirement.
- Capital One has over 200 branches across several states.
- Capital One has an A+ BBB rating and is BBB Accredited.
Potential Drawbacks
- Capital One's APY has not changed in the last 30 days.
CIT Bank
Strengths
- CIT Bank's Platinum Savings account offers a higher 4.00% APY.
- CIT Bank's App Store rating is 4.8, slightly higher than Capital One.
Potential Drawbacks
- CIT Bank requires a $5,000 minimum balance for its Platinum Savings account.
- CIT Bank is not BBB Accredited and has an A- BBB rating.
- CIT Bank has no physical branches for in-person banking.
Summary: Capital One provides a competitive 3.60% APY with no minimum balance and a strong BBB rating, while CIT Bank offers a higher 4.00% APY but requires a $5,000 minimum balance. CIT Bank lacks physical branches and is not BBB Accredited, which may concern some customers. Overall, those prioritizing APY might prefer CIT Bank, while those valuing branch access and BBB trust may lean towards Capital One.
Compare Capital One's vs CIT Bank's Savings Accounts
| Capital One | CIT Bank | |||
|---|---|---|---|---|
| Product | 360 Performance Savings | vs | Platinum Savings | Savings Connect |
| APY | 3.60% (as of 6/20/2025) | 0.25% - 4.00% (as of 6/20/2025) | 3.90% (as of 6/20/2025) | |
| 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 | $5,000 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | |
| Visit Bank | 360 Performance Savings | Platinum Savings | Savings Connect | |
| 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 5 Months)
| Capital One | CIT Bank | |||
|---|---|---|---|---|
| Product | 360 Performance Savings | vs | Savings Connect | Platinum Savings |
| Latest APY | 3.60 % | 3.90 % | 4.00 % | |
| Trend | Sideways | Sideways | Falling | |
| Slope (bps/mo) | -4.0 | -0.8 | -6.9 | |
| Rate Changes / Mo | 0.40 | 0.20 | 0.60 | |
| Days Since Last Change | 74 | 9 | 9 | |
| High (-5 m) | 3.80 % | 4.00 % | 4.35 % | |
| Low (-5 m) | 3.60 % | 3.90 % | 4.00 % | |
| Draw-down from High | -5.3 % | -2.5 % | -8.0 % | |
| Volatility (CV) | 0.018 | 0.006 | 0.027 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 5 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 (-5 m)
- Highest APY in the last 150 days.
- Low (-5 m)
- Lowest APY in the last 150 days.
- Draw-down from High
- How far today sits below the 5-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: 3.60%
Total savings breakdown:
- Interest earned: $36 (3.47%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.53%)
Your total balance
$1,036.00
Effective APY: 3.60% (based on your deposit and contributions)
Total balance: $1,036
Earnings: $36
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 $4 less than CIT Bank.
More Comparisons
Compare Capital One's APY of 3.60% 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 | 3.60% | $0 |
| Capital One vs Fitness Bank | 5.00% | $100 |
| Capital One vs Marcus by Goldman Sachs | 3.65% | $0 |
| Capital One vs SoFi Bank | 3.80% | $0 |
| Capital One vs Synchrony Bank | 3.80% | $0 |
| Capital One vs Varo Bank | 5.00% | $0 |
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 | 3.60% | $0 |
| CIT Bank vs Fitness Bank | 5.00% | $100 |
| CIT Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| CIT Bank vs SoFi Bank | 3.80% | $0 |
| CIT Bank vs Synchrony Bank | 3.80% | $0 |
| CIT Bank vs Varo Bank | 5.00% | $0 |