CIT Bank vs. Elevault
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
Elevault
High Yield Savings Account
4.08%APYDec 6, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Elevault
High Yield Savings Account
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. Elevault
Why CIT Bank?
- ✓Higher rated iOS app (4.8 vs 3.7)
- ✓Higher rated Android app (4.3 vs 3.9)
- ✓Offers 2 different high-yield savings options
Why Elevault?
- ✓Higher potential APY (4.08% vs 3.65%-3.75%) on all balances
— Key Feature Differences —
Better Returns at $10,000
ElevaultElevault's High Yield Savings Account earns more on smaller deposits (approx. $408 vs $375/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $1020 vs $938/yr).
Best for Simplicity
ElevaultElevault's High Yield Savings Account offers 4.08% 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 4.3 (vs. 3.9)
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $33 more interest on a $10,000 balance than CIT Bank's Platinum Savings.
Executive Summary
CIT Bank offers a Platinum Savings account with a competitive APY of 3.75%, requiring a minimum deposit of $100 and a balance of $5,000, while also providing a Savings Connect account with a slightly lower APY of 3.65%. Both accounts are online-only and have no maintenance fees. In contrast, Elevault's High Yield Savings Account leads with a higher APY of 4.08%, with no minimum deposit or balance requirements, making it a strong choice for savers. Elevault's account also has no direct deposit requirement and is ideal for those seeking simplicity, although it caps interest at $250,000. Overall, Elevault is the winner based on the highest 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 Elevault.
| Feature | CIT Bank | Elevault |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 4.08% Verified: 12/6/2025 ↘︎ 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 Android4.3 | iOS3.7 Android3.9 |
| BBB Rating | A- | A+ |
| Important Notes | - | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Next Steps |
Savings Comparison
Elevault earns $212.6 more than CIT Bank.
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
Elevault
High Yield Savings Account
Savings Breakdown
- Interest Earned+$2,486.40(12.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,486.40
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 | Elevault | |
|---|---|---|---|
| Savings Connect | Platinum Savings | High Yield Savings Account | |
Current APY | 3.65% | 3.75% | 4.08% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -6.9 | -6.9 | -16.6 |
Days Since Change | 16 | 16 | 32 |
4-Month High | 3.90% | 4.00% | 4.60% |
4-Month Low | 3.65% | 3.75% | 4.08% |
Adjustments / Mo | 0.49 | 0.49 | 0.49 |
Volatility Score | 0.024 | 0.023 | 0.048 |
How to read these metrics(Click to expand)
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