CIT Bank vs. Citizens Access™
Compare rates, requirements, and features side-by-side to find the best option for you.
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
Citizens Access™
Citizens Access® Savings
3.35%APYDec 5, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Citizens Access™
Citizens Access® 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 CIT Bank vs. Citizens Access™
Why CIT Bank?
- ✓Higher potential APY (3.65%-3.75% vs 3.35%)
- ✓Offers 2 different high-yield savings options
Why Citizens Access™?
- ✓Higher rated Android app (4.8 vs 4.3)
— Key Feature Differences —
Better Returns at $10,000
CIT BankCIT Bank's Platinum Savings earns more on smaller deposits (approx. $375 vs $335/yr).
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $838/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 $40 more interest on a $10,000 balance than Citizens Access™'s Citizens Access® Savings.
Executive Summary
CIT Bank offers a competitive Platinum Savings account with a high annual percentage yield (APY) of 3.75%, making it the superior choice compared to Citizens Access™, which provides a lower APY of 3.35% for its savings account. CIT Bank's Platinum Savings requires a minimum deposit of $100 and a balance of $5,000 to earn the highest rate, but it has no maintenance fees and is available online only. For those seeking simplicity, CIT Bank also features a Savings Connect account with a 3.65% APY and no direct deposit requirement, while Citizens Access™ has a very low minimum deposit and balance requirement but offers a significantly lower APY.
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 CIT Bank and Citizens Access™.
| Feature | CIT Bank | Citizens Access™ |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 3.35% Verified: 12/5/2025 ↘︎ 0.15%90d Change |
| Product Name | Platinum Savings | Citizens Access® Savings |
| Minimum Deposit | $100 | $0.01 |
| Min. Balance for APY | $5,000 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.3 | iOS4.8 Android4.8 |
| BBB Rating | A- | A+ |
| Next Steps |
Savings Comparison
CIT Bank earns $255 more than Citizens Access™.
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
Citizens Access™
Citizens Access® Savings
Savings Breakdown
- Interest Earned+$2,018.80(10.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,018.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | Citizens Access™ | |
|---|---|---|---|
| Savings Connect | Platinum Savings | Citizens Access® Savings | |
Current APY | 3.65% | 3.75% | 3.35% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.4 | -4.9 | -3.8 |
Days Since Change | 16 | 16 | 37 |
10-Month High | 4.00% | 4.35% | 3.70% |
10-Month Low | 3.65% | 3.75% | 3.35% |
Adjustments / Mo | 0.29 | 0.48 | 0.19 |
Volatility Score | 0.030 | 0.040 | 0.037 |
How to read these metrics(Click to expand)
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