CIT Bank vs. EverBank
Comparing CIT Bank and EverBank for high-yield savings: CIT Bank's Platinum Savings pays 3.75% APY while EverBank's Performance Savings pays 3.90% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? EverBank pays $15 more than CIT Bank annually ($390 vs $375).
Choose EverBank if getting the best rate matters most.
| Metric | CIT BankPlatinum Savings Mar 7, 2026 | EverBankPerformance Savings Mar 7, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 3.90% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$195 $10,000+$390 $25,000+$975 |
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® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
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.
Executive Summary
CIT Bank offers a tiered Platinum Savings account with a 3.75% APY, which requires a minimum balance of $5,000 to earn this rate; lower balances yield only 0.25%. Alternatively, their Savings Connect account provides a consistent 3.65% APY with no balance requirements. In comparison, EverBank's Performance Savings account stands out with a higher 3.90% APY and no minimum balance or deposit requirements, making it a strong choice for those seeking simplicity. Both banks operate online only, with no physical branches available.
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?
- ✓Offers 2 different high-yield savings options
Why EverBank?
- ✓Higher potential APY (3.90% vs 3.65%-3.75%) on all balances
- ✓Physical branch access (11 locations in Florida and California)
— Key Feature Differences —
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $390 vs $375/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $938/yr).
Best for Simplicity
EverBankEverBank's Performance Savings offers 3.90% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $15 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. EverBank Savings Calculator
You earn $15 more with EverBank 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
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $374 per year in interest.
Both CIT Bank and EverBank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | CIT Bank | EverBank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 3/7/2026 Stable (90d) | 3.90% Verified: 3/7/2026 ↘︎ 0.15%90d Change |
| Product Name | Platinum Savings | Performance Savings |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $5,000 | $0 |
| 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. | 11 locations in Florida and California |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Supported for eChecking users post-First Citizens merger. | Available Native integration verified. |
| 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 EverBank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | EverBank | |
|---|---|---|---|
| Savings Connect | Platinum Savings | Performance Savings | |
Current APY | 3.65% | 3.75% | 3.90% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.8 | -4.1 | -4.4 |
Days Since Change | 107 | 107 | 78 |
12-Month High | 4.00% | 4.30% | 4.30% |
12-Month Low | 3.65% | 3.75% | 3.90% |
Adjustments / Mo | 0.25 | 0.33 | 0.16 |
Volatility Score | 0.037 | 0.039 | 0.041 |
How to read these metrics(Click to expand)
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