Cit Bank vs Fitness Bank
High-Yield Savings Accounts Comparison
Last Updated: July 7, 2025
Summary of CIT Bank vs. Fitness Bank
As of July 7, 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 offers a competitive APY of 4.00% on Platinum Savings.
- CIT Bank has a high App Store rating of 4.8.
- CIT Bank has no maintenance fees on its savings accounts.
Potential Drawbacks
- CIT Bank's APY decreased from 4.10% to 4.00% in the last 30 days.
- CIT Bank's BBB rating is A- and it is not accredited.
- CIT Bank requires a minimum balance of $5,000 for Platinum Savings.
Fitness Bank
Strengths
- Fitness Bank offers a higher APY of 5.00% for its Fitness Elite Checking & Fitness Savings Combo.
- Fitness Bank has an A+ BBB rating, indicating higher trustworthiness.
- Fitness Bank's Fitness Savings Account maintains an APY of 4.55%.
Potential Drawbacks
- Fitness Bank has a low App Store rating of 1.7.
- Fitness Bank has a maintenance fee of $10 unless balance requirements are met.
- Fitness Bank's APY is contingent on meeting specific activity requirements.
Summary: CIT Bank provides a stable APY of 4.00% but has seen a decrease recently and has a lower BBB rating. In contrast, Fitness Bank offers a higher APY of 5.00% but requires specific activities to maintain this rate and has a significant maintenance fee. Fitness Bank's low App Store rating is a concern, while CIT Bank's high ratings reflect better user experience.
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 7/7/2025) | 3.90% (as of 7/7/2025) | 4.55% (as of 7/7/2025) | 5.00% (as of 7/7/2025) | |
| 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 | 4.7/5 | No | |||
| BBB Rating | A- | A+ | |||
Comparative Historical APY Insights (Last 4 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) | -2.6 | -3.8 | 0.0 | -0.0 | |
| Rate Changes / Mo | 0.27 | 0.53 | 0.00 | 0.00 | |
| Days Since Last Change | 25 | 25 | 112 | 112 | |
| High (-4 m) | 4.00 % | 4.30 % | 5.00 % | 4.55 % | |
| Low (-4 m) | 3.90 % | 4.00 % | 5.00 % | 4.55 % | |
| Draw-down from High | -2.5 % | -7.0 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.010 | 0.014 | 0.000 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 4 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 (-4 m)
- Highest APY in the last 113 days.
- Low (-4 m)
- Lowest APY in the last 113 days.
- Draw-down from High
- How far today sits below the 4-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 | 3.50% | $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 | 4.10% | $0 |
| CIT Bank vs Capital One | 3.50% | $0 |
| CIT Bank vs Chase Bank | 0.01% | $0 |
| CIT Bank vs Chime | 3.75% | $0 |
| CIT Bank vs Discover Bank | 3.50% | $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 | 3.50% | $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 | 4.10% | $0 |
| Fitness Bank vs Capital One | 3.50% | $0 |
| Fitness Bank vs Chase Bank | 0.01% | $0 |
| Fitness Bank vs Chime | 3.75% | $0 |
| Fitness Bank vs Discover Bank | 3.50% | $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 |