Cit Bank vs. Fnbo Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 16, 2025
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Summary of CIT Bank vs. FNBO Direct
Key Metrics at a Glance
| Feature | CIT Bank | FNBO Direct |
|---|---|---|
| Top Savings APY | 3.85% Platinum Savings | 3.00% High-Yield Online Savings Account |
| Minimum to Open | $100 | $1 |
| Minimum Balance for Top APY | $5,000 | $0.01 |
CIT Bank
Strengths
- CIT Bank's Platinum Savings offers a higher APY of 3.85% compared to FNBO Direct's 3.00%.
- CIT Bank has a better BBB rating of A-.
- CIT Bank's Platinum Savings has no maintenance fees.
Potential Drawbacks
- CIT Bank's APY decreased from 4.00% in the last 30 days.
- CIT Bank requires a minimum balance of $5,000 for its highest APY.
- CIT Bank is not BBB Accredited.
FNBO Direct
Strengths
- FNBO Direct's High-Yield Online Savings Account has a low minimum deposit of $1.
- FNBO Direct has a higher Google Play rating of 4.8.
- FNBO Direct's APY is still higher than its previous 3.25%.
Potential Drawbacks
- FNBO Direct offers a lower APY of 3.00% compared to CIT Bank's highest account.
- FNBO Direct has no BBB rating.
- FNBO Direct's minimum balance is $0.01, but CIT Bank's offers higher returns.
→ As of October 16, 2025 CIT Bank offers an APY of 3.85% for its Platinum Savings account, with a minimum balance of $5,000, compared to FNBO Direct's 3.00% APY for its High-Yield Online Savings Account, with a minimum balance of $0.01.
→ CIT Bank yields $85 more than FNBO Direct on a $10,000 balance after one year. CIT Bank pays $385, while FNBO Direct pays $300 - an APY advantage for CIT Bank.
→ In addition, CIT Bank also offers 3.75% APY for the Savings Connect account.
Calculate Savings Growth for CIT Bank vs FNBO Direct
CIT Bank
Total savings breakdown:
- Interest earned: $2,338 (11.50%)
- Total contributions: $13,000 (63.92%)
- Initial deposit: $5,000 (24.58%)
Your total balance
$20,338.00
Total balance: $20,338
Earnings: $2,338
Bank OverviewFNBO Direct
Total savings breakdown:
- Interest earned: $1,798.2 (9.08%)
- Total contributions: $13,000 (65.66%)
- Initial deposit: $5,000 (25.25%)
Your total balance
$19,798.20
Total balance: $19,798.2
Earnings: $1,798.2
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, CIT Bank's total earnings would be $539.8 higher than FNBO Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare CIT Bank's vs FNBO Direct's Savings Accounts
| CIT Bank | FNBO Direct | |||
|---|---|---|---|---|
| Product | Platinum Savings | Savings Connect | vs | High-Yield Online Savings Account |
| APY | 0.25% - 3.85% (as of 10/16/2025) | 3.75% (as of 10/16/2025) | 3.00% (as of 10/16/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | No | |
| Compound Frequency | Daily | Daily | Monthly | |
| Minimum Deposit | $100 | $100 | $1 | |
| Minimum Balance for APY | $5,000 | $0 | $0.01 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | |
| App Store Rating | 4.8/5 | 4.5/5 | ||
| Google Play Rating | 4.3/5 | 4.8/5 | ||
| BBB Rating | A- | Not Rated | ||
Comparative Historical APY Insights (Last 3 Months)
| CIT Bank | FNBO Direct | |||
|---|---|---|---|---|
| Product | Savings Connect | Platinum Savings | vs | High-Yield Online Savings Account |
| Latest APY | 3.75 % | 3.85 % | 3.00 % | |
| Trend | Falling | Falling | Falling | |
| Slope (bps/mo) | -6.6 | -6.6 | -7.7 | |
| Rate Changes / Mo | 0.36 | 0.36 | 0.36 | |
| Days Since Last Change | 23 | 23 | 13 | |
| High (-3 m) | 3.90 % | 4.00 % | 3.25 % | |
| Low (-3 m) | 3.75 % | 3.85 % | 3.00 % | |
| Draw-down from High | -3.8 % | -3.7 % | -7.7 % | |
| Volatility (CV) | 0.018 | 0.017 | 0.029 | |
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 84 days.
- Low (-3 m)
- Lowest APY in the last 84 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.