Cit Bank vs. Citibank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of CIT Bank vs. Citibank
Key Metrics at a Glance
| Feature | CIT Bank | Citibank |
|---|---|---|
| Top Savings APY | 3.85% Platinum Savings | 3.35% Citi Accelerate Savings |
| Minimum to Open | $100 | $0 |
| Minimum Balance for Top APY | $5,000 | $0.01 |
CIT Bank
Strengths
- CIT Bank's Platinum Savings offers a higher APY of 3.85% compared to Citibank's 3.35%.
- CIT Bank has no maintenance fees for its savings accounts.
- CIT Bank has a higher App Store rating of 4.8 compared to Citibank's 4.9.
Potential Drawbacks
- CIT Bank is not BBB Accredited and has a rating of A-.
- CIT Bank's Platinum Savings requires a minimum balance of $5,000.
- CIT Bank has no physical branches.
Citibank
Strengths
- Citibank has U.S. branches in major metropolitan areas, providing physical access.
- Citibank's Citi Accelerate Savings has a lower minimum deposit requirement of $0.
- Citibank's Google Play rating is higher at 4.8 compared to CIT Bank's 4.3.
Potential Drawbacks
- Citibank's Citi Accelerate Savings offers a lower APY of 3.35%.
- Citibank charges a maintenance fee of $4.50 unless balance requirements are met.
- Citibank has a poor BBB rating of D-.
→ As of November 12, 2025 CIT Bank offers an APY of 3.85% for its Platinum Savings account, with a minimum balance of $5,000, compared to Citibank's 3.35% APY for its Citi Accelerate Savings account, with a minimum balance of $0.01.
→ CIT Bank yields $50 more than Citibank on a $10,000 balance after one year. CIT Bank pays $385, while Citibank pays $335 - an APY advantage for CIT Bank.
→ In addition, CIT Bank also offers 3.75% APY for the Savings Connect account, while Citibank offers 0.03% APY for the Citi® Savings Account account.
Calculate Savings Growth for CIT Bank vs Citibank
CIT Bank - Platinum Savings
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
Total balance: $20,338
Earnings: $2,338
Bank OverviewCitibank - Citi Accelerate Savings
Total savings breakdown:
- Interest earned: $2,018.8 (10.08%)
- Total contributions: $13,000 (64.94%)
- Initial deposit: $5,000 (24.98%)
Your total balance
$20,018.80
Total balance: $20,018.8
Earnings: $2,018.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, CIT Bank's total earnings would be $319.2 higher than Citibank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare CIT Bank's vs Citibank's Savings Accounts
| CIT Bank | Citibank | ||||
|---|---|---|---|---|---|
| Product | Platinum Savings | Savings Connect | vs | Citi Accelerate Savings | Citi® Savings Account |
| APY | 0.25% - 3.85% (as of 11/12/2025) | 3.75% (as of 11/12/2025) | 3.35% (as of 11/12/2025) | 0.03% (as of 11/12/2025) | |
| Bundled Account | No | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | No | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $100 | $100 | $0 | $0 | |
| Minimum Balance for APY | $5,000 | $0 | $0.01 | $0.01 | |
| Maintenance Fee | $0 | $0 | $4.50. Waived for average monthly balances > $500 | $4.50. Waived for average monthly balances > $500 | |
| Direct Deposit Required | No | No | No | No | |
| Eligibility | United States | United States | Alaska, Alabama, Arkansas, Arizona, Colorado, Delaware, Florida (select parts), Georgia, Hawaii, Iowa, Idaho, Illinois (select parts), Indiana, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia (partial), Washington (partial), Wisconsin, West Virginia, Wyoming. | California, Connecticut, Maryland, Nevada, New Jersey, New York, Virginia (partial), Washington D.C., and select parts of Florida and Illinois. In addition, promotional rates may be available if requirements are met. | |
| App Store Rating | 4.8/5 | 4.9/5 | |||
| Google Play Rating | 4.3/5 | 4.8/5 | |||
| BBB Rating | A- | D- | |||
Comparative Historical APY Insights (Last 9 Months)
| CIT Bank | Citibank | ||||
|---|---|---|---|---|---|
| Product | Savings Connect | Platinum Savings | vs | Citi® Savings Account | Citi Accelerate Savings |
| Latest APY | 3.75 % | 3.85 % | 0.03 % | 3.35 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -3.0 | -4.8 | 0.0 | -4.8 | |
| Rate Changes / Mo | 0.21 | 0.42 | 0.00 | 0.52 | |
| Days Since Last Change | 51 | 51 | 289 | 9 | |
| High (-9 m) | 4.00 % | 4.35 % | 0.03 % | 3.80 % | |
| Low (-9 m) | 3.75 % | 3.85 % | 0.03 % | 3.35 % | |
| Draw-down from High | -6.3 % | -11.5 % | 0.0 % | -11.8 % | |
| Volatility (CV) | 0.024 | 0.036 | 0.000 | 0.039 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 289 days.
- Low (-9 m)
- Lowest APY in the last 289 days.
- Draw-down from High
- How far today sits below the 9-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.