CIT Bank vs. FVCbank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | CIT BankPlatinum Savings Jan 21, 2026 | FVCbankAdvantage Direct Savings Jan 21, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 3.85% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min Deposit | $100 | $500 |
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 InsuredLow MinimumsGreat iOS AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
As of CIT Bank offers an APY of 3.75% for its Platinum Savings account, with a minimum balance of $5,000, compared to FVCbank's 3.85% APY for its Advantage Direct Savings account, with a minimum balance of $500.
FVCbank pays $10 more than CIT Bank on a $10,000 balance after one year. CIT Bank pays $375, while FVCbank pays $385 - an APY advantage for FVCbank.
In addition, CIT Bank also offers 3.65% APY for the Savings Connect account, with a minimum balance of $0.
Why CIT Bank?
- ✓Higher rated iOS app (4.8 vs 4.4)
- ✓Higher rated Android app (4.6 vs 3.6)
- ✓Offers 2 different high-yield savings options
Why FVCbank?
No distinct advantages found vs CIT Bank.
— Key Feature Differences —
Best for Simplicity
FVCbankFVCbank's Advantage Direct Savings offers 3.85% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
CIT BankCIT Bank offers an iOS app rated 4.8 (vs. 4.4) and Android app rated 4.6 (vs. 3.6)
Shared Benefits
Over a 1-year period, FVCbank's Advantage Direct Savings pays $10 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
FVCbank offers the Advantage Direct Savings account with a competitive APY of 3.85%, making it the highest-yielding option between the two banks. This account requires a minimum deposit and balance of $500, but has no direct deposit requirement or maintenance fees, emphasizing simplicity. In comparison, CIT Bank's top product, the Platinum Savings account, offers an APY of 3.75% but requires a balance of $5,000 to earn this rate, with lower balances yielding only 0.25%. CIT Bank also provides a Savings Connect account with an APY of 3.65%, but it does not surpass FVCbank's offering. Both banks operate online-only and are FDIC insured.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
* Secure link to our partner
Non-sponsored link to official site
Top Market Contenders
CIT Bank vs. FVCbank Savings Calculator
You earn $10 more with FVCbank 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
FVCbank
Advantage Direct Savings
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | CIT Bank | FVCbank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 1/21/2026 ↘︎ 0.10%90d Change | 3.85% Verified: 1/21/2026 ↘︎ 0.25%90d Change |
| Product Name | Platinum Savings | Advantage Direct Savings |
| Minimum Deposit | $100 | $500 |
| Min. Balance for APY | $5,000 | $500 |
| 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 Android4.6 | iOS4.4 Android3.6 |
| Zelle® Support | Available Supported for eChecking users post-First Citizens merger. | Available Integrated into mobile app. |
| BBB Rating | A- | B- |
| 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 FVCbank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | FVCbank | |
|---|---|---|---|
| Savings Connect | Platinum Savings | Advantage Direct Savings | |
Current APY | 3.65% | 3.75% | 3.85% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -4.3 | -4.3 | -8.4 |
Days Since Change | 62 | 62 | 81 |
10-Month High | 4.00% | 4.10% | 4.55% |
10-Month Low | 3.65% | 3.75% | 3.85% |
Adjustments / Mo | 0.29 | 0.29 | 0.78 |
Volatility Score | 0.035 | 0.034 | 0.064 |
How to read these metrics(Click to expand)
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