Cit Bank vs Fitness Bank
High-Yield Savings Accounts Comparison
Last Updated: June 16, 2025
Summary of CIT Bank vs. Fitness Bank
As of June 16, 2025 CIT Bank offers an APY of 4.00% for its Platinum Savings account, compared to Fitness Bank's 5.00% APY for its Fitness Elite Checking & Fitness Savings Combo account.
Fitness Bank yields $100 more than CIT Bank on a $10,000 balance after one year. CIT Bank pays $400, while Fitness Bank pays $500 - an APY advantage for Fitness Bank.
In addition, CIT Bank also offers 3.90% APY for the Savings Connect account, while Fitness Bank offers 4.55% APY for the Fitness Savings Account account.
CIT Bank
Strengths
- CIT Bank's Platinum Savings offers a competitive APY of 4.00%.
- CIT Bank has an App Store rating of 4.8.
- No maintenance fees for CIT Bank accounts.
Potential Drawbacks
- CIT Bank's APY decreased from 4.10% to 4.00% in 30 days.
- CIT Bank has an A- BBB rating but is not accredited.
- Requires a minimum balance of $5,000 for the highest APY.
Fitness Bank
Strengths
- Fitness Bank's Fitness Savings Account offers a high APY of 4.55%.
- Fitness Bank has an A+ BBB rating.
- No minimum balance requirement for earning APY in Fitness Savings.
Potential Drawbacks
- Fitness Bank's App Store rating is only 1.7.
- Fitness Bank's Google Play rating is 0.0.
- APY is contingent on activity and maintaining a balance in the Elite Checking.
Summary: CIT Bank offers a solid APY of 4.00% for its Platinum Savings, though it has seen a decrease recently. In contrast, Fitness Bank provides a higher APY of 4.55% with an A+ BBB rating but requires specific activity for the best rates. However, Fitness Bank suffers from poor app ratings, which may deter potential customers. CIT Bank has no maintenance fees, while Fitness Bank charges fees unless balance requirements are met.
Compare CIT Bank's vs Fitness Bank's Savings Accounts
| CIT Bank | Fitness Bank | ||||
|---|---|---|---|---|---|
| Product | Platinum Savings | Savings Connect | vs | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo |
| APY | 0.25% - 4.00% (as of 6/16/2025) | 3.90% (as of 6/16/2025) | 4.55% (as of 6/16/2025) | 5.00% (as of 6/16/2025) | |
| Bundled Account | No | No | No | Yes | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $100 | $100 | $100 | $100 | |
| Minimum Balance for APY | $5,000 | $0 | $100 | $100 | |
| Maintenance Fee | $0 | $0 | $10. Waived for average daily balances > $100 | $10. Waived for average daily balances > $100 | |
| Direct Deposit Required | No | No | No | No | |
| Note | N/A | N/A | This is a tiered account. To earn the highest tier you must track at least 12,500 avg. daily steps using the FitnessBank Step Tracker app as well as maintain a balance of $100. Failure to do so will result in a lower APY. See bank for more details and all tiers. | This is a tiered account. To earn the highest tier you must make 15 debit card transactions per Account Period, maintain $5,000 avg. minimum balance in the Elite Checking account, track at least 10,000 avg. daily steps using the FitnessBank Step Tracker app, as well as maintain a savings balance of $100. Failure to do so will result in a lower APY. See bank for more details and all tiers. | |
| Visit Bank | Platinum Savings | Savings Connect | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo | |
| App Store Rating | 4.8/5 | 1.7/5 | |||
| Google Play Rating | 4.6/5 | No | |||
| BBB Rating | A- | A+ | |||
Comparative Historical APY Insights (Last 3 Months)
| CIT Bank | Fitness Bank | ||||
|---|---|---|---|---|---|
| Product | Savings Connect | Platinum Savings | vs | Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account |
| Latest APY | 3.90 % | 4.00 % | 5.00 % | 4.55 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -0.9 | -2.6 | 0.0 | 0.0 | |
| Rate Changes / Mo | 0.33 | 0.65 | 0.00 | 0.00 | |
| Days Since Last Change | 4 | 4 | 91 | 91 | |
| High (-3 m) | 4.00 % | 4.30 % | 5.00 % | 4.55 % | |
| Low (-3 m) | 3.90 % | 4.00 % | 5.00 % | 4.55 % | |
| Draw-down from High | -2.5 % | -7.0 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.005 | 0.012 | 0.000 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-3 m)
- Highest APY in the last 92 days.
- Low (-3 m)
- Lowest APY in the last 92 days.
- Draw-down from High
- How far today sits below the 3-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Calculate Savings Growth for CIT Bank vs Fitness Bank
All calculations are based on APY.
CIT Bank
APY: 4.00%
Total savings breakdown:
- Interest earned: $40 (3.85%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.15%)
Your total balance
$1,040.00
Effective APY: 4.00% (based on your deposit and contributions)
Total balance: $1,040
Earnings: $40
Bank DetailsFitness Bank
APY: 5.00%
Total savings breakdown:
- Interest earned: $50 (4.76%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (95.24%)
Your total balance
$1,050.00
Effective APY: 5.00% (based on your deposit and contributions)
Total balance: $1,050
Earnings: $50
Bank DetailsAfter 1 year CIT Bank would earn you $10 less than Fitness Bank.
More Comparisons
Compare CIT Bank's APY of 4.00% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| CIT Bank vs Ally Bank | 3.60% | $0 |
| CIT Bank vs American Express | 3.60% | $0 |
| CIT Bank vs Axos Bank | 4.66% | $0 |
| CIT Bank vs Bank of America | 0.01% | $100 |
| CIT Bank vs Barclays | 4.20% | $0 |
| CIT Bank vs Capital One | 3.60% | $0 |
| CIT Bank vs Chase Bank | 0.01% | $0 |
| CIT Bank vs Chime | 3.75% | $0 |
| CIT Bank vs Discover Bank | 3.60% | $0 |
| CIT Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| CIT Bank vs SoFi Bank | 3.80% | $0 |
| CIT Bank vs Synchrony Bank | 3.80% | $0 |
| CIT Bank vs Varo Bank | 5.00% | $0 |
Compare Fitness Bank's APY of 5.00% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Fitness Bank vs Ally Bank | 3.60% | $0 |
| Fitness Bank vs American Express | 3.60% | $0 |
| Fitness Bank vs Axos Bank | 4.66% | $0 |
| Fitness Bank vs Bank of America | 0.01% | $100 |
| Fitness Bank vs Barclays | 4.20% | $0 |
| Fitness Bank vs Capital One | 3.60% | $0 |
| Fitness Bank vs Chase Bank | 0.01% | $0 |
| Fitness Bank vs Chime | 3.75% | $0 |
| Fitness Bank vs Discover Bank | 3.60% | $0 |
| Fitness Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Fitness Bank vs SoFi Bank | 3.80% | $0 |
| Fitness Bank vs Synchrony Bank | 3.80% | $0 |
| Fitness Bank vs Varo Bank | 5.00% | $0 |