High-Yield Savings Account Comparison

Chime vs. CIT Bank

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl
Updated December 6, 2025
Advertising Disclosure: We may earn a commission from partner links.

Chime

Chime High-Yield Savings Account

Up to
3.50%
APY
Dec 6, 2025
FDIC InsuredDirect Deposit ReqChecking BundleNo MinimumsGreat iOS AppGreat Android App
Range: 1.00% – 3.50%
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0.01
Maintenance Fee$0
Compound FreqDaily
Direct DepositRequired (You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days)
Deposit InsuranceFDIC Insured
EligibilityUnited States
Mobile Ratings
iOS:4.8Android:4.7
BBB Rating
A+(BBB Accredited)

Rate Stability

Rate Adjusted
-0.25%
Since 90 days ago
Read Bank Overview

CIT Bank

Platinum Savings

Up to
3.75%
APY
Dec 6, 2025
FDIC InsuredMod. MinimumGreat iOS AppGreat Android App
Range: 0.25% – 3.75%
Show Fine Print & Trends
Min. Deposit$100
Min. Balance$5,000
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 11063)
EligibilityUnited States
Mobile Ratings
iOS:4.8Android:4.3
BBB Rating
A-(Not BBB Accredited (Information provided is for First Citizens Bank & Trust Company))

Rate Stability

30 days
↘︎ 0.10%
90 days
↘︎ 0.25%
Read Bank Overview

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.

See Top Rates

Comparison Analysis

Comparing Chime vs. CIT Bank

Updated: Dec 6, 2025

Why Chime?

  • ✓Higher rated Android app (4.7 vs 4.3)

Why CIT Bank?

  • ✓Higher potential APY (3.65%-3.75% vs 3.50%)
  • ✓No checking account or direct deposit required
  • ✓Offers 2 different high-yield savings options

— Key Feature Differences —

Better Returns at $10,000
CIT Bank

CIT Bank's Platinum Savings earns more on smaller deposits (approx. $375 vs $350/yr).

Better Returns at $25,000
CIT Bank

CIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $875/yr).

Best for Simplicity
CIT Bank

CIT Bank's Savings Connect offers 3.65% APY with no bundling, direct deposit requirement or caps.

Shared Benefits

Both offer monthly maintenance-free account options Available Nationwide Available to New & Existing Customers
The Bottom Line

Over a 1-year period, CIT Bank's Platinum Savings pays $25 more interest on a $10,000 balance than Chime's Chime High-Yield Savings Account.

ChimeCIT Bank
Automated Data Audit

Executive Summary

CIT Bank offers the superior Platinum Savings account with an APY of 3.75%, making it the winner in this comparison. This account does not require a direct deposit but has a minimum deposit of $100 and a minimum balance of $5,000. For those seeking a simpler option, CIT's Savings Connect also provides a competitive APY of 3.65% without any direct deposit requirement. In contrast, Chime's High-Yield Savings Account offers an APY of 3.50%, but it requires a qualifying direct deposit of $200 or more within the preceding 34 days. Both banks operate online-only savings accounts.

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.

ExploreChimeExploreCIT Bank

Top Market Contenders

See who beats both Chime and CIT Bank.

Compare All High-Yield Savings Accounts
Pibank
Pibank Savings
FDIC InsuredNo Minimums
4.60% APY
+0.85% vs CIT Bank
Better Rate
Pibank vs ChimePibank vs CIT Bank
Neighbors Bank
Neighbors Savings Account
FDIC InsuredNo MinimumsGreat Android App
4.50% APY
+0.75% vs CIT Bank
Better Rate
Neighbors Bank vs ChimeNeighbors Bank vs CIT Bank
Axos Bank
Axos ONE
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
4.31% APY
+0.56% vs CIT Bank
Better Rate
Axos Bank vs ChimeAxos Bank vs CIT Bank
FeatureChimeCIT Bank
APY
3.50%
Range: 1.00% - 3.50%
Verified: 12/6/2025
↘︎ 0.25%90d Change
3.75%
Range: 0.25% - 3.75%
Verified: 12/6/2025
↘︎ 0.25%90d Change
Product NameChime High-Yield Savings AccountPlatinum Savings
Minimum Deposit$0$100
Min. Balance for APY$0.01$5,000
Monthly Fee$0$0
Branch AccessNoneNone
Account Type
Online Only
Online Only
Direct Deposit Req.
RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days
None
Checking Bundle YesNo
Mobile Apps
iOS4.8
Android4.7
iOS4.8
Android4.3
BBB RatingA+A-
Next Steps
- View Details
- View Details

Savings Comparison

Calculations based on current APY.
$
$

CIT Bank earns $159.7 more than Chime.

Chime

Chime High-Yield Savings Account

3.50% APY

Savings Breakdown

  • Interest Earned
    +$2,114.10(10.5%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,114.10

Effective APY
3.50%
View Details

CIT Bank

Platinum Savings

3.75% APY

Savings Breakdown

  • Interest Earned
    +$2,273.80(11.2%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,273.80

Effective APY
3.75%
View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

📈 Compare Savings Rates Over Time

Historical Performance

Last 10 Months Analysis
MetricChimeCIT Bank
Chime High-Yield Savings AccountSavings ConnectPlatinum Savings
Current APY
3.50%3.65%3.75%
Trend
 Stable Stable Stable
Velocity (bps/mo)
12.3-3.4-4.9
Days Since Change
511616
10-Month High
3.75%4.00%4.35%
10-Month Low
2.00%3.65%3.75%
Adjustments / Mo
0.190.290.48
Volatility Score
0.1930.0300.040
How to read these metrics(Click to expand)

Trends & Velocity

  • Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
  • Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
  • Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

  • High/Low: The absolute ceiling and floor of the rate during the 310-day window.
  • Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
  • Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Compare Similar Alternatives

Compare Chime vs...

Comparing against other Bundled Accounts

vs Chime
Axos BankChecking Bundle
4.31%
APY
vs Chime
SoFi BankChecking Bundle
4.30%
APY
vs Chime
Presidential BankChecking Bundle
4.00%
APY

Compare CIT Bank vs...

Comparing against Standard Savings

vs CIT Bank
PibankNo Bundle Req
4.60%
APY
vs CIT Bank
Neighbors BankNo Bundle Req
4.50%
APY
vs CIT Bank
TIMBRNo Bundle Req
4.40%
APY

More Comparisons

Compare Chime's APY of 3.50% with other banks
Bank PairCompetitor APYMin Deposit
Chime vs Ally Bank3.30%$0
Chime vs American Express3.40%$0
Chime vs Axos Bank4.31%$0
Chime vs Bank of America0.01%$100
Chime vs Barclays4.00%$0
Chime vs Bask Bank3.90%$0
Chime vs BMO Alto3.25%$0
Chime vs BrioDirect4.00%$5,000
Chime vs Capital One3.40%$0
Chime vs Chase Bank0.01%$0
Chime vs Citibank3.30%$0
Chime vs Citizens Access™3.35%$0.01
Chime vs Climate First Bank4.21%$50
Chime vs Discover Bank3.40%$0
Chime vs Elevault4.08%$0
Chime vs EverBank4.05%$0
Chime vs Fitness Bank4.75%$100
Chime vs FNBO Direct3.00%$1
Chime vs Forbright Bank4.00%$0
Chime vs FVCbank3.85%$500
Chime vs GO2bank4.50%$0
Chime vs Ivy Bank4.25%$2,500
Chime vs LendingClub4.20%$0
Chime vs Marcus by Goldman Sachs3.65%$0
Chime vs Neighbors Bank4.50%$0
Chime vs Newtek Bank4.35%$0.01
Chime vs Openbank4.20%$500
Chime vs Peak Bank4.20%$100
Chime vs Pibank4.60%$0
Chime vs PNC3.53%$0
Chime vs Presidential Bank4.00%$5,000
Chime vs Quontic Bank3.75%$100
Chime vs Salem Five Direct3.71%$10
Chime vs Santander Bank0.01%$25
Chime vs SoFi Bank4.30%$0
Chime vs Synchrony Bank3.65%$0
Chime vs TIMBR4.40%$1,000
Chime vs UFB Direct3.71%$5000
Chime vs Valley Direct4.10%$1,000
Chime vs Varo Bank5.00%$0
Chime vs Vio Bank4.16%$100
Chime vs Wealthfront4.15%$0
Chime vs Wells Fargo0.05%$25
Chime vs Zynlo Bank4.05%$10
Compare CIT Bank's APY of 3.75% with other banks
Bank PairCompetitor APYMin Deposit
CIT Bank vs Ally Bank3.30%$0
CIT Bank vs American Express3.40%$0
CIT Bank vs Axos Bank4.31%$0
CIT Bank vs Bank of America0.01%$100
CIT Bank vs Barclays4.00%$0
CIT Bank vs Bask Bank3.90%$0
CIT Bank vs BMO Alto3.25%$0
CIT Bank vs BrioDirect4.00%$5,000
CIT Bank vs Capital One3.40%$0
CIT Bank vs Chase Bank0.01%$0
CIT Bank vs Citibank3.30%$0
CIT Bank vs Citizens Access™3.35%$0.01
CIT Bank vs Climate First Bank4.21%$50
CIT Bank vs Discover Bank3.40%$0
CIT Bank vs Elevault4.08%$0
CIT Bank vs EverBank4.05%$0
CIT Bank vs Fitness Bank4.75%$100
CIT Bank vs FNBO Direct3.00%$1
CIT Bank vs Forbright Bank4.00%$0
CIT Bank vs FVCbank3.85%$500
CIT Bank vs GO2bank4.50%$0
CIT Bank vs Ivy Bank4.25%$2,500
CIT Bank vs LendingClub4.20%$0
CIT Bank vs Marcus by Goldman Sachs3.65%$0
CIT Bank vs Neighbors Bank4.50%$0
CIT Bank vs Newtek Bank4.35%$0.01
CIT Bank vs Openbank4.20%$500
CIT Bank vs Peak Bank4.20%$100
CIT Bank vs Pibank4.60%$0
CIT Bank vs PNC3.53%$0
CIT Bank vs Presidential Bank4.00%$5,000
CIT Bank vs Quontic Bank3.75%$100
CIT Bank vs Salem Five Direct3.71%$10
CIT Bank vs Santander Bank0.01%$25
CIT Bank vs SoFi Bank4.30%$0
CIT Bank vs Synchrony Bank3.65%$0
CIT Bank vs TIMBR4.40%$1,000
CIT Bank vs UFB Direct3.71%$5000
CIT Bank vs Valley Direct4.10%$1,000
CIT Bank vs Varo Bank5.00%$0
CIT Bank vs Vio Bank4.16%$100
CIT Bank vs Wealthfront4.15%$0
CIT Bank vs Wells Fargo0.05%$25
CIT Bank vs Zynlo Bank4.05%$10