CIT Bank vs. Forbright Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | CIT BankPlatinum Savings Jan 7, 2026 | Forbright BankGrowth Savings Jan 7, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 4.00% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
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® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing CIT Bank vs. Forbright Bank
As of CIT Bank offers an APY of 3.75% for its Platinum Savings account, with a minimum balance of $5,000, compared to Forbright Bank's 4.00% APY for its Growth Savings account, with a minimum balance of $0.
Forbright Bank pays $25 more than CIT Bank on a $10,000 balance after one year. CIT Bank pays $375, while Forbright Bank pays $400 - an APY advantage for Forbright Bank.
In addition, CIT Bank also offers 3.65% APY for the Savings Connect account, with a minimum balance of $0, while Forbright Bank offers 3.65% APY for the Bright Savings account, with a minimum balance of $250,000.
Why CIT Bank?
No distinct advantages found vs Forbright Bank.
Why Forbright Bank?
- ✓Higher potential APY (3.65%-4.00% vs 3.65%-3.75%) on all balances
- ✓Physical branch access (Locations in the Washington D.C. area (Maryland and Virginia))
— Key Feature Differences —
Better Returns at $10,000
Forbright BankForbright Bank's Growth Savings earns more on smaller deposits (approx. $400 vs $375/yr).
Better Returns at $25,000
Forbright BankForbright Bank's Growth Savings pulls ahead with larger amounts (approx. $1000 vs $938/yr).
Best for Simplicity
Forbright BankForbright Bank's Growth Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Forbright Bank's Growth Savings pays $25 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.
Executive Summary as of
Forbright Bank offers a competitive Growth Savings account with an APY of 4.00%, making it the top choice for savers seeking higher returns without any direct deposit requirements or balance caps. In contrast, CIT Bank's Platinum Savings account provides a lower APY of 3.75%, which is contingent upon maintaining a minimum balance of $5,000; lower balances yield only 0.25%. While CIT also features a Savings Connect account with a 3.65% APY, Forbright's Growth Savings stands out for its simplicity and higher yield, appealing to those looking to maximize their savings. Both banks operate online only, ensuring accessibility without physical branches.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
CIT Bank vs. Forbright Bank Savings Calculator
You earn $25 more with Forbright Bank 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
Forbright Bank
Growth Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | CIT Bank | Forbright Bank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 1/7/2026 ↘︎ 0.10%90d Change | 4.00% Verified: 1/7/2026 Stable (90d) |
| Product Name | Platinum Savings | Growth 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 Android4.4 | iOS4.8 Android4.5 |
| Zelle® Support | Available Supported for eChecking users post-First Citizens merger. | Available Branch accounts only; Growth Savings online does NOT support. |
| 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 Forbright Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | Forbright Bank | |||
|---|---|---|---|---|---|
| Savings Connect | Platinum Savings | Sprout Savings | Bright Savings | Growth Savings | |
Current APY | 3.65% | 3.75% | 3.65% | 3.65% | 4.00% |
Trend | Stable | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.5 | -5.0 | -3.3 | -3.3 | -2.6 |
Days Since Change | 48 | 48 | 98 | 98 | 90 |
12-Month High | 4.00% | 4.35% | 3.90% | 3.90% | 4.60% |
12-Month Low | 3.65% | 3.75% | 3.65% | 3.65% | 4.00% |
Adjustments / Mo | 0.25 | 0.41 | 0.08 | 0.08 | 0.16 |
Volatility Score | 0.035 | 0.047 | 0.032 | 0.032 | 0.029 |
How to read these metrics(Click to expand)
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