CIT Bank vs. Colorado Federal Savings Bank
Comparing CIT Bank and Colorado Federal Savings Bank for high-yield savings: CIT Bank's Platinum Savings pays 3.75% APY while Colorado Federal Savings Bank's Premier Savings pays 4.05% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? CIT Bank pays $375 more than Colorado Federal Savings Bank annually ($375 vs $0).
Choose CIT Bank if getting the best rate matters most, you're an Android user (no Android app for Colorado Federal Savings Bank), or you want Zelle for quick transfers.
| Metric | CIT BankPlatinum Savings Feb 21, 2026 | Colorado Federal Savings BankPremier Savings Feb 21, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 4.05% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$0 $10,000+$0 $25,000+$0 |
Min Deposit | $100 | $50,000 |
Snapshot view. Rates subject to change. | ||
Terms | This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%. | - |
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredHigh MinimumGreat iOS AppDaily CompoundingStable Rate |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing CIT Bank vs. Colorado Federal Savings Bank
Executive Summary
Colorado Federal Savings Bank offers the highest APY with its High Yield Savings account at 4.00%, making it a strong choice for savers. This account requires a minimum deposit and balance of just $1, with no maintenance fees, and is entirely online. In comparison, CIT Bank's Platinum Savings account provides a competitive APY of 3.75%, but it requires a minimum balance of $5,000 to earn this rate; lower balances yield only 0.25%. Both banks do not require direct deposit and have no maintenance fees, but Colorado Federal's offering is more accessible for those looking to start saving with minimal funds.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why CIT Bank?
- ✓Higher rated iOS app (4.8 vs 4.4)
- ✓Higher rated Android app (4.7 vs 0.0)
- ✓Fast transfers via Zelle®
Why Colorado Federal Savings Bank?
- ✓Higher potential APY (4.00%-4.05% vs 3.65%-3.75%)
— Key Feature Differences —
Better Returns at $10,000
CIT BankCIT Bank's Platinum Savings earns more on smaller deposits (approx. $375 vs $0/yr).
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $0/yr).
Best for Simplicity
Colorado Federal Savings BankColorado Federal Savings Bank's Premier Savings offers 4.05% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
CIT BankCIT Bank offers an iOS app rated 4.8 (vs. 4.4) and Android app rated 4.7 (vs. 0.0)
Shared Benefits
Over a 1-year period, Colorado Federal Savings Bank's Premier Savings pays $30 more interest on a $10,000 balance than CIT Bank's Platinum Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
* Secure link to our partner
Non-sponsored link to official site
Top Market Contenders
CIT Bank vs. Colorado Federal Savings Bank Savings Calculator
You earn $150 more with Colorado Federal Savings Bank than CIT Bank on a $50,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
CIT Bank
Platinum Savings
Savings Breakdown
- Interest Earned+$1,875.00(3.6%)
- Total Contributions$0
- Initial Deposit$50,000
Projected Balance
$51,875.00
Colorado Federal Savings Bank
Premier Savings
Savings Breakdown
- Interest Earned+$2,025.00(3.9%)
- Total Contributions$0
- Initial Deposit$50,000
Projected Balance
$52,025.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | CIT Bank | Colorado Federal Savings Bank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 2/21/2026 Stable (90d) | 4.05% Verified: 2/21/2026 Stable (90d) |
| Product Name | Platinum Savings | Premier Savings |
| Minimum Deposit | $100 | $50,000 |
| Min. Balance for APY | $5,000 | $50,000 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None. You cannot make use of First Citizens Bank's branches. | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.4 Android- | |
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Supported for eChecking users post-First Citizens merger. | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%. | - |
| Next Steps | Visit SiteGo to CIT Bank * Secure link to our partner | Visit SiteVerify at Colorado Federal Savings Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | Colorado Federal Savings Bank | ||
|---|---|---|---|---|
| Savings Connect | Platinum Savings | Premier Savings | High Yield Savings | |
Current APY | 3.65% | 3.75% | 4.05% | 4.00% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.8 | -4.4 | -2.4 | -2.4 |
Days Since Change | 93 | 93 | 134 | 134 |
12-Month High | 4.00% | 4.30% | 4.25% | 4.25% |
12-Month Low | 3.65% | 3.75% | 4.05% | 4.00% |
Adjustments / Mo | 0.25 | 0.33 | 0.16 | 0.33 |
Volatility Score | 0.037 | 0.042 | 0.022 | 0.023 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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