CIT Bank vs. E*TRADE from Morgan Stanley
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | CIT BankPlatinum Savings Jan 12, 2026 | E*TRADE from Morgan StanleyPremium Savings Account Jan 12, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 3.50% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$175 $10,000+$350 $25,000+$875 |
Min Deposit | $100 | $0 |
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 InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
Comparison Analysis
Comparing CIT Bank vs. E*TRADE from Morgan Stanley
As of CIT Bank offers an APY of 3.75% for its Platinum Savings account, with a minimum balance of $5,000, compared to E*TRADE from Morgan Stanley's 3.50% APY for its Premium Savings Account, with a minimum balance of $0+.
CIT Bank pays $25 more than E*TRADE from Morgan Stanley on a $10,000 balance after one year. CIT Bank pays $375, while E*TRADE from Morgan Stanley pays $350 - an APY advantage for CIT Bank.
In addition, CIT Bank also offers 3.65% APY for the Savings Connect account, with a minimum balance of $0.
Why CIT Bank?
- ✓Higher potential APY (3.65%-3.75% vs 3.50%)
- ✓Offers 2 different high-yield savings options
Why E*TRADE from Morgan Stanley?
No distinct advantages found vs CIT Bank.
— Key Feature Differences —
Better Returns at $10,000
CIT BankCIT Bank's Platinum Savings earns more on smaller deposits (approx. $375 vs $350/yr).
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $875/yr).
Shared Benefits
Over a 1-year period, CIT Bank's Platinum Savings pays $25 more interest on a $10,000 balance than E*TRADE from Morgan Stanley's Premium Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
CIT Bank offers a competitive Platinum Savings account with a high APY of 3.75%, which requires a minimum balance of $5,000 to earn this rate, while lower balances yield only 0.25%. This account is online-only and does not require direct deposit. In comparison, E*TRADE from Morgan Stanley's Premium Savings Account provides an APY of 3.50%, with no minimum balance requirement, also online-only and without direct deposit conditions. Overall, CIT Bank's Platinum Savings account stands out as the better option for those who can maintain the required balance.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
CIT Bank vs. E*TRADE from Morgan Stanley Savings Calculator
You earn $25 more with CIT Bank than E*TRADE from Morgan Stanley on a $10,000 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+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
E*TRADE from Morgan Stanley
Premium Savings Account
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | CIT Bank | E*TRADE from Morgan Stanley |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 1/12/2026 ↘︎ 0.10%90d Change | 3.50% Verified: 1/12/2026 ↘︎ 0.25%90d Change |
| Product Name | Platinum Savings | Premium Savings Account |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $5,000 | $0+ |
| 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 Android4.5 | iOS4.7 Android4.7 |
| Zelle® Support | Available Supported for eChecking users post-First Citizens merger. | Available Available for Premium Savings and Checking. |
| BBB Rating | A- | D- |
| 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 E*TRADE from Morgan Stanley Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | E*TRADE from Morgan Stanley | |
|---|---|---|---|
| Savings Connect | Platinum Savings | Premium Savings Account | |
Current APY | 3.65% | 3.75% | 3.50% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.9 | -4.8 | -4.4 |
Days Since Change | 53 | 53 | 27 |
11-Month High | 4.00% | 4.30% | 4.00% |
11-Month Low | 3.65% | 3.75% | 3.50% |
Adjustments / Mo | 0.27 | 0.36 | 0.18 |
Volatility Score | 0.035 | 0.041 | 0.044 |
How to read these metrics(Click to expand)
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