CIT Bank vs. Colorado Federal Savings Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | CIT BankPlatinum Savings Jan 7, 2026 | Colorado Federal Savings BankPremier Savings Jan 7, 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® Supported | FDIC InsuredHigh MinimumGreat iOS App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing CIT Bank vs. Colorado Federal Savings Bank
As of CIT Bank offers an APY of 3.75% for its Platinum Savings account, with a minimum balance of $5,000, compared to Colorado Federal Savings Bank's 4.05% APY for its Premier Savings account, with a minimum balance of $50,000.
Colorado Federal Savings Bank pays $30 more than CIT Bank on a $10,000 balance after one year. CIT Bank pays $375, while Colorado Federal Savings Bank pays $405 - an APY advantage for Colorado Federal Savings Bank.
In addition, CIT Bank also offers 3.65% APY for the Savings Connect account, with a minimum balance of $0, while Colorado Federal Savings Bank offers 4.00% APY for the High Yield Savings account, with a minimum balance of $1.
Why CIT Bank?
- ✓Higher rated iOS app (4.8 vs 4.3)
- ✓Higher rated Android app (4.4 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. 4.3) and Android app rated 4.4 (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.
Executive Summary as of
Colorado Federal Savings Bank offers a competitive High Yield Savings account with an APY of 4.00%, making it the top choice among the two banks. This product requires a minimum deposit and balance of just $1, with no maintenance fees, and is available online only. In comparison, CIT Bank's Platinum Savings account provides a slightly lower APY of 3.75%, which requires a minimum balance of $5,000 to earn the higher rate; lower balances yield only 0.25%. While CIT Bank also offers a Savings Connect account with a 3.65% APY, Colorado Federal's offerings are more straightforward and accessible, making it the preferable option for savers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
* 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: 1/7/2026 ↘︎ 0.10%90d Change | 4.05% Verified: 1/7/2026 ↘︎ 0.10%90d Change |
| Product Name | Platinum Savings | Premier Savings |
| Minimum Deposit | $100 | $50,000 |
| Min. Balance for APY | $5,000 | $50,000 |
| 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 Android4.4 | iOS4.3 Android- |
| 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) | -3.9 | -4.8 | -2.6 | -2.6 |
Days Since Change | 48 | 48 | 89 | 89 |
11-Month High | 4.00% | 4.30% | 4.25% | 4.25% |
11-Month Low | 3.65% | 3.75% | 4.05% | 4.00% |
Adjustments / Mo | 0.28 | 0.37 | 0.19 | 0.37 |
Volatility Score | 0.035 | 0.041 | 0.022 | 0.022 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare CIT Bank vs...
Comparing against Standard Savings
Compare Colorado Federal Savings Bank vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.