Chase Bank vs. CIT Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Chase Bank
Chase Savings℠
0.01%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Chase Bank
Chase Savings℠
CIT Bank
Platinum Savings
Up to3.75%APYDec 6, 2025FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppRange: 0.25% – 3.75%Show Fine Print & Trends Hide Details
CIT Bank
Platinum Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Comparison Analysis
Comparing Chase Bank vs. CIT Bank
Why Chase Bank?
- ✓Higher rated Android app (4.6 vs 4.3)
Why CIT Bank?
- ✓Higher potential APY (3.65%-3.75% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓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 $1/yr).
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $3/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 $374 more interest on a $10,000 balance than Chase Bank's Chase Savings℠.
Executive Summary
CIT Bank offers a superior savings option with its Platinum Savings account, boasting an APY of 3.75%, significantly higher than Chase Bank's Chase Savings℠, which yields only 0.01%. The Platinum Savings account requires a minimum deposit of $100 and a minimum balance of $5,000, while the Chase account has no minimum deposit or balance requirements but incurs a $5 maintenance fee unless certain conditions are met. For those seeking simplicity, CIT Bank also provides the Savings Connect account with a competitive APY of 3.65% and no maintenance fees or direct deposit requirements, making it an attractive alternative.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Chase Bank and CIT Bank.
| Feature | Chase Bank | CIT Bank |
|---|---|---|
| APY | 0.01% Verified: 12/6/2025 Stable (90d) | 3.75% Range: 0.25% - 3.75% Verified: 12/6/2025 ↘︎ 0.25%90d Change |
| Product Name | Chase Savings℠ | Platinum Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0 | $5,000 |
| Monthly Fee | $5 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.8 Android4.3 |
| BBB Rating | A- | A- |
| Important Notes | 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. | - |
| Next Steps |
Savings Comparison
CIT Bank earns $2,268.1 more than Chase Bank.
Chase Bank
Chase Savings℠
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
CIT Bank
Platinum Savings
Savings Breakdown
- Interest Earned+$2,273.80(11.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,273.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Chase Bank | CIT Bank | |
|---|---|---|---|
| Chase Savings℠ | Savings Connect | Platinum Savings | |
Current APY | 0.01% | 3.65% | 3.75% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -0.0 | -3.4 | -4.9 |
Days Since Change | 311 | 16 | 16 |
10-Month High | 0.01% | 4.00% | 4.35% |
10-Month Low | 0.01% | 3.65% | 3.75% |
Adjustments / Mo | 0.00 | 0.29 | 0.48 |
Volatility Score | 0.000 | 0.030 | 0.040 |
How to read these metrics(Click to expand)
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