Chase Bank vs. Cit Bank
High-Yield Savings Account Comparison
Last Updated: October 14, 2025
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Summary of Chase Bank vs. CIT Bank
Key Metrics at a Glance
| Feature | Chase Bank | CIT Bank |
|---|---|---|
| Top Savings APY | 0.01% Chase Savings℠ | 3.85% Platinum Savings |
| Minimum to Open | $0 | $100 |
| Minimum Balance for APY | $0 | $5,000 |
Chase Bank
Strengths
- Chase Bank offers a $0 minimum deposit for the Chase Savings℠ account.
- Chase Bank has a high App Store rating of 4.8.
Potential Drawbacks
- Chase Bank's current APY is only 0.01%, unchanged from 30 days ago.
- Chase Bank charges a $5 maintenance fee unless conditions are met.
CIT Bank
Strengths
- CIT Bank's Platinum Savings offers a competitive APY of 3.85%, down from 4.00% last month.
- CIT Bank has no maintenance fees for its accounts.
Potential Drawbacks
- CIT Bank requires a $100 minimum deposit and $5,000 minimum balance for the Platinum Savings account.
- CIT Bank is not BBB accredited, unlike Chase Bank.
Summary: Chase Bank provides a low APY of 0.01% with a $0 minimum deposit but charges a maintenance fee. In contrast, CIT Bank offers a significantly higher APY of 3.85% but requires a $5,000 minimum balance and is not BBB accredited. Both banks have high App Store ratings, but Chase has a slight edge in customer trust with its accreditation.
→ As of October 14, 2025 Chase Bank offers an APY of 0.01% for its Chase Savings℠ account, with a minimum balance of $0, compared to CIT Bank's 3.85% APY for its Platinum Savings account, with a minimum balance of $5,000.
→ CIT Bank yields $384 more than Chase Bank on a $10,000 balance after one year. Chase Bank pays $1, while CIT Bank pays $385 - an APY advantage for CIT Bank.
→ In addition, CIT Bank also offers 3.75% APY for the Savings Connect account.
Calculate Savings Growth for Chase Bank vs CIT Bank
All calculations are based on APY.
Chase Bank
APY: 0.01%
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Effective APY: 0.01% (based on your deposit and contributions)
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewCIT Bank
APY: 3.85%
Total savings breakdown:
- Interest earned: $2,338 (11.50%)
- Total contributions: $13,000 (63.92%)
- Initial deposit: $5,000 (24.58%)
Your total balance
$20,338.00
Effective APY: 3.85% (based on your deposit and contributions)
Total balance: $20,338
Earnings: $2,338
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Chase Bank's total earnings would be $2,332.3 lower than CIT Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Chase Bank's vs CIT Bank's Savings Accounts
| Chase Bank | CIT Bank | |||
|---|---|---|---|---|
| Product | Chase Savings℠ | vs | Platinum Savings | Savings Connect |
| APY | 0.01% (as of 10/14/2025) | 0.25% - 3.85% (as of 10/14/2025) | 3.75% (as of 10/14/2025) | |
| 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 | $5 | $0 | $0 | |
| Direct Deposit Required | No | No | No | |
| Note | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | |||
| App Store Rating | 4.8/5 | 4.8/5 | ||
| Google Play Rating | 4.5/5 | 4.3/5 | ||
| BBB Rating | A- | A- | ||
Comparative Historical APY Insights (Last 8 Months)
| Chase Bank | CIT Bank | |||
|---|---|---|---|---|
| Product | Chase Savings℠ | vs | Savings Connect | Platinum Savings |
| Latest APY | 0.01 % | 3.75 % | 3.85 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -0.0 | -2.5 | -4.8 | |
| Rate Changes / Mo | 0.00 | 0.23 | 0.46 | |
| Days Since Last Change | 258 | 22 | 22 | |
| High (-8 m) | 0.01 % | 4.00 % | 4.35 % | |
| Low (-8 m) | 0.01 % | 3.75 % | 3.85 % | |
| Draw-down from High | 0.0 % | -6.3 % | -11.5 % | |
| Volatility (CV) | 0.000 | 0.019 | 0.032 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 259 days.
- Low (-8 m)
- Lowest APY in the last 259 days.
- Draw-down from High
- How far today sits below the 8-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.
More Comparisons
Compare Chase Bank's APY of 0.01% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Chase Bank vs Ally Bank | 3.40% | $0 |
| Chase Bank vs American Express | 3.50% | $0 |
| Chase Bank vs Axos Bank | 4.51% | $0 |
| Chase Bank vs Bank of America | 0.01% | $100 |
| Chase Bank vs Barclays | 4.10% | $0 |
| Chase Bank vs BrioDirect | 4.20% | $5,000 |
| Chase Bank vs Capital One | 3.40% | $0 |
| Chase Bank vs Chime | 3.75% | $0 |
| Chase Bank vs Discover Bank | 3.40% | $0 |
| Chase Bank vs Elevault | 4.34% | $0 |
| Chase Bank vs EverBank | 4.05% | $0 |
| Chase Bank vs Fitness Bank | 4.75% | $100 |
| Chase Bank vs FVCbank | 4.10% | $500 |
| Chase Bank vs GO2bank | 4.50% | $0 |
| Chase Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Chase Bank vs Neighbors Bank | 4.50% | $0 |
| Chase Bank vs Newtek Bank | 4.35% | $0 |
| Chase Bank vs Peak Bank | 4.20% | $100 |
| Chase Bank vs Pibank | 4.60% | $0 |
| Chase Bank vs Presidential Bank | 4.50% | $5,000 |
| Chase Bank vs Santander Bank | 0.01% | $25 |
| Chase Bank vs SoFi Bank | 4.50% | $0 |
| Chase Bank vs Synchrony Bank | 3.80% | $0 |
| Chase Bank vs TIMBR | 4.40% | $1,000 |
| Chase Bank vs UFB Direct | 3.96% | $5000 |
| Chase Bank vs Varo Bank | 5.00% | $0 |
| Chase Bank vs Wells Fargo | 0.05% | $25 |
| Chase Bank vs Zynlo Bank | 4.20% | $10 |
Compare CIT Bank's APY of 3.85% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| CIT Bank vs Ally Bank | 3.40% | $0 |
| CIT Bank vs American Express | 3.50% | $0 |
| CIT Bank vs Axos Bank | 4.51% | $0 |
| CIT Bank vs Bank of America | 0.01% | $100 |
| CIT Bank vs Barclays | 4.10% | $0 |
| CIT Bank vs BrioDirect | 4.20% | $5,000 |
| CIT Bank vs Capital One | 3.40% | $0 |
| CIT Bank vs Chime | 3.75% | $0 |
| CIT Bank vs Discover Bank | 3.40% | $0 |
| CIT Bank vs Elevault | 4.34% | $0 |
| CIT Bank vs EverBank | 4.05% | $0 |
| CIT Bank vs Fitness Bank | 4.75% | $100 |
| CIT Bank vs FVCbank | 4.10% | $500 |
| CIT Bank vs GO2bank | 4.50% | $0 |
| CIT Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| CIT Bank vs Neighbors Bank | 4.50% | $0 |
| CIT Bank vs Newtek Bank | 4.35% | $0 |
| CIT Bank vs Peak Bank | 4.20% | $100 |
| CIT Bank vs Pibank | 4.60% | $0 |
| CIT Bank vs Presidential Bank | 4.50% | $5,000 |
| CIT Bank vs Santander Bank | 0.01% | $25 |
| CIT Bank vs SoFi Bank | 4.50% | $0 |
| CIT Bank vs Synchrony Bank | 3.80% | $0 |
| CIT Bank vs TIMBR | 4.40% | $1,000 |
| CIT Bank vs UFB Direct | 3.96% | $5000 |
| CIT Bank vs Varo Bank | 5.00% | $0 |
| CIT Bank vs Wells Fargo | 0.05% | $25 |
| CIT Bank vs Zynlo Bank | 4.20% | $10 |