CIT Bank vs. EverBank
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
EverBank
Performance Savings
4.05%APYDec 6, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
EverBank
Performance Savings
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. EverBank
Why CIT Bank?
- ✓Higher rated iOS app (4.8 vs 2.3)
- ✓Higher rated Android app (4.3 vs 1.4)
- ✓Offers 2 different high-yield savings options
Why EverBank?
- ✓Higher potential APY (4.05% 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. $405 vs $375/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $1013 vs $938/yr).
Best for Simplicity
EverBankEverBank's Performance 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. 2.3) and Android app rated 4.3 (vs. 1.4)
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $30 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%, alongside a Savings Connect account yielding 3.65%. Both accounts are online-only and require a minimum deposit of $100, with no maintenance fees. In contrast, EverBank's Performance Savings account stands out with a higher APY of 4.05%, also requiring no minimum deposit or maintenance fees and operating online. EverBank's account is noted for its simplicity, offering better returns at various deposit levels without any direct deposit requirement. Therefore, EverBank is the winner based on the provided APY data.
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 EverBank.
| Feature | CIT Bank | EverBank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 4.05% Verified: 12/6/2025 ↘︎ 0.25%90d Change |
| Product Name | Platinum Savings | Performance Savings |
| 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 | iOS2.3 Android1.4 |
| BBB Rating | A- | A+ |
| Next Steps |
Savings Comparison
EverBank earns $193.2 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
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$2,467.00(12.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,467.00
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 | EverBank | |
|---|---|---|---|
| Savings Connect | Platinum Savings | Performance Savings | |
Current APY | 3.65% | 3.75% | 4.05% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.2 | -5.1 | -2.8 |
Days Since Change | 16 | 16 | 78 |
12-Month High | 4.00% | 4.55% | 4.75% |
12-Month Low | 3.65% | 3.75% | 4.05% |
Adjustments / Mo | 0.25 | 0.51 | 0.25 |
Volatility Score | 0.030 | 0.045 | 0.028 |
How to read these metrics(Click to expand)
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