CIT Bank vs. Elevault
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | CIT BankPlatinum Savings Jan 21, 2026 | ElevaultHigh Yield Savings Account Jan 21, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 3.82% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$191 $10,000+$382 $25,000+$955 |
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%. | The 3.82% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo Minimums |
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.
As of CIT Bank offers an APY of 3.75% for its Platinum Savings account, with a minimum balance of $5,000, compared to Elevault's 3.82% APY for its High Yield Savings Account, with a minimum balance of $0.
Elevault pays $7 more than CIT Bank on a $10,000 balance after one year. CIT Bank pays $375, while Elevault pays $382 - an APY advantage for Elevault.
In addition, CIT Bank also offers 3.65% APY for the Savings Connect account, with a minimum balance of $0.
Why CIT Bank?
- ✓No checking account or direct deposit required
- ✓Higher rated iOS app (4.8 vs 3.7)
- ✓Higher rated Android app (4.6 vs 3.9)
- ✓Offers 2 different high-yield savings options
- ✓Fast transfers via Zelle®
Why Elevault?
No distinct advantages found vs CIT Bank.
— Key Feature Differences —
Best for Simplicity
CIT BankCIT Bank's Savings Connect offers 3.65% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
CIT BankCIT Bank offers an iOS app rated 4.8 (vs. 3.7) and Android app rated 4.6 (vs. 3.9)
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $7 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
Elevault offers a High Yield Savings Account with a competitive APY of 3.82%, which is higher than CIT Bank's Savings Connect at 3.65%. Both accounts are online-only and have no maintenance fees or direct deposit requirements, making them accessible for users seeking simplicity. However, CIT Bank's Platinum Savings account provides a tiered option with a higher APY of 3.75% for balances over $5,000, although it requires a minimum balance to earn that rate. Overall, Elevault stands out with its higher APY, while CIT Bank offers a straightforward savings option.
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. Elevault Savings Calculator
You earn $7 more with Elevault than CIT Bank 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
Elevault
High Yield Savings Account
3.82% on first $250,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$382.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,382.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | CIT Bank | Elevault |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 1/21/2026 ↘︎ 0.10%90d Change | 3.82% Verified: 1/21/2026 ↘︎ 0.52%90d Change |
| Product Name | Platinum Savings | High Yield 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 Android4.6 | iOS3.7 Android3.9 |
| 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%. | The 3.82% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Next Steps | Visit SiteGo to CIT Bank * Secure link to our partner | Visit SiteVerify at Elevault Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | Elevault | |
|---|---|---|---|
| Savings Connect | Platinum Savings | High Yield Savings Account | |
Current APY | 3.65% | 3.75% | 3.82% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -5.6 | -5.6 | -17.3 |
Days Since Change | 62 | 62 | 36 |
6-Month High | 3.90% | 4.00% | 4.60% |
6-Month Low | 3.65% | 3.75% | 3.82% |
Adjustments / Mo | 0.36 | 0.36 | 0.54 |
Volatility Score | 0.026 | 0.025 | 0.068 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare CIT Bank vs...
Comparing against Standard Savings
Compare Elevault vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.