Cit Bank vs. Citizens Access
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 16, 2025
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Summary of CIT Bank vs. Citizens Access™
Key Metrics at a Glance
| Feature | CIT Bank | Citizens Access™ |
|---|---|---|
| Top Savings APY | 3.85% Platinum Savings | 3.35% Citizens Access® Savings |
| Minimum to Open | $100 | $0.01 |
| 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 Citizens Access® Savings' 3.35%.
- CIT Bank has no maintenance fees for its accounts.
- CIT Bank has a higher App Store rating of 4.8 compared to Citizens Access' 4.8.
Potential Drawbacks
- CIT Bank's Platinum Savings requires a minimum balance of $5,000 to earn the highest APY.
- CIT Bank is not BBB Accredited, rated A-.
- CIT Bank has no branches for in-person banking.
Citizens Access™
Strengths
- Citizens Access® Savings has a low minimum deposit of $0.01.
- Citizens Access is BBB Accredited with an A+ rating.
- Citizens Access has a higher Google Play rating of 4.8.
Potential Drawbacks
- Citizens Access® Savings offers a lower APY of 3.35% compared to CIT Bank's 3.85%.
- Citizens Access® Savings requires a minimum balance of $0.01 to earn interest.
- Citizens Access has no branches for in-person banking.
→ As of November 16, 2025 CIT Bank offers an APY of 3.85% for its Platinum Savings account, with a minimum balance of $5,000, compared to Citizens Access™'s 3.35% APY for its Citizens Access® Savings account, with a minimum balance of $0.01.
→ CIT Bank yields $50 more than Citizens Access™ on a $10,000 balance after one year. CIT Bank pays $385, while Citizens Access™ pays $335 - an APY advantage for CIT Bank.
→ In addition, CIT Bank also offers 3.75% APY for the Savings Connect account.
Calculate Savings Growth for CIT Bank vs Citizens Access™
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 OverviewCitizens Access™ - Citizens Access® 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 Citizens Access™'s total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare CIT Bank's vs Citizens Access™'s Savings Accounts
| CIT Bank | Citizens Access™ | |||
|---|---|---|---|---|
| Product | Platinum Savings | Savings Connect | vs | Citizens Access® Savings |
| APY | 0.25% - 3.85% (as of 11/16/2025) | 3.75% (as of 11/16/2025) | 3.35% (as of 11/16/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $100 | $100 | $0.01 | |
| Minimum Balance for APY | $5,000 | $0 | $0.01 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | |
| App Store Rating | 4.8/5 | 4.8/5 | ||
| Google Play Rating | 4.3/5 | 4.8/5 | ||
| BBB Rating | A- | A+ | ||
Comparative Historical APY Insights (Last 10 Months)
| CIT Bank | Citizens Access™ | |||
|---|---|---|---|---|
| Product | Savings Connect | Platinum Savings | vs | Citizens Access® Savings |
| Latest APY | 3.75 % | 3.85 % | 3.35 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -3.0 | -4.8 | -3.6 | |
| Rate Changes / Mo | 0.21 | 0.41 | 0.21 | |
| Days Since Last Change | 54 | 54 | 17 | |
| High (-10 m) | 4.00 % | 4.35 % | 3.70 % | |
| Low (-10 m) | 3.75 % | 3.85 % | 3.35 % | |
| Draw-down from High | -6.3 % | -11.5 % | -9.5 % | |
| Volatility (CV) | 0.025 | 0.036 | 0.034 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 292 days.
- Low (-10 m)
- Lowest APY in the last 292 days.
- Draw-down from High
- How far today sits below the 10-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.