Cit Bank vs. Go2bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of CIT Bank vs. GO2bank
Key Metrics at a Glance
| Feature | CIT Bank | GO2bank |
|---|---|---|
| Top Savings APY | 3.85% Platinum Savings | 4.50% High Yield Savings |
| Minimum to Open | $100 | $0 |
| Minimum Balance for Top APY | $5,000 | $0 |
| Note | The 4.50% APY is up to 5,000. Balances above that earn no interest. |
CIT Bank
Strengths
- CIT Bank's Platinum Savings has a competitive APY of 3.85%.
- CIT Bank has a strong App Store rating of 4.8.
- CIT Bank charges no maintenance fees for its accounts.
Potential Drawbacks
- CIT Bank's Platinum Savings requires a minimum balance of $5,000.
- CIT Bank's current APY decreased from 4.00% to 3.85% in the last 30 days.
- CIT Bank is not BBB accredited.
GO2bank
Strengths
- GO2bank offers a higher APY of 4.50% for its High Yield Savings account.
- GO2bank has a Google Play rating of 4.6.
- GO2bank has no minimum balance requirement for its savings account.
Potential Drawbacks
- GO2bank charges a $5 monthly maintenance fee unless direct deposit is set up.
- GO2bank is not BBB accredited and has no rating.
- GO2bank's APY has remained unchanged at 4.50% over the last 30 days.
→ As of October 21, 2025 CIT Bank offers an APY of 3.85% for its Platinum Savings account, with a minimum balance of $5,000, compared to GO2bank's 4.50% APY for its High Yield Savings account, with a minimum balance of $0.
→ CIT Bank yields $160 more than GO2bank on a $10,000 balance after one year. CIT Bank pays $385, while GO2bank pays $225 (with an effective APY of 2.25%) - 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 GO2bank
CIT Bank - Platinum Savings
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 OverviewGO2bank - High Yield Savings
ℹ️You earn 4.50% on the first $5,000 and 0.00% on the rest.
Total savings breakdown:
- Interest earned: $1,230.9 (6.40%)
- Total contributions: $13,000 (67.60%)
- Initial deposit: $5,000 (26.00%)
Your total balance
$19,230.90
Total balance: $19,230.9
Earnings: $1,230.9
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, CIT Bank's total earnings would be $1,107.1 higher than GO2bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare CIT Bank's vs GO2bank's Savings Accounts
| CIT Bank | GO2bank | |||
|---|---|---|---|---|
| Product | Platinum Savings | Savings Connect | vs | High Yield Savings |
| APY | 0.25% - 3.85% (as of 10/21/2025) | 3.75% (as of 10/21/2025) | 0.00% - 4.50% (as of 10/21/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Quarterly | |
| Minimum Deposit | $100 | $100 | $0 | |
| Minimum Balance for APY | $5,000 | $0 | $0 | |
| Maintenance Fee | $0 | $0 | $5 per month, unless you set up direct deposit | |
| Direct Deposit Required | No | No | No | |
| Note | The 4.50% APY is up to 5,000. Balances above that earn no interest. | |||
| App Store Rating | 4.8/5 | 4.8/5 | ||
| Google Play Rating | 4.3/5 | 4.6/5 | ||
| BBB Rating | A- | Not Rated | ||
Comparative Historical APY Insights (Last 2 Months)
| CIT Bank | GO2bank | |||
|---|---|---|---|---|
| Product | Savings Connect | Platinum Savings | vs | High Yield Savings |
| Latest APY | 3.75 % | 3.85 % | 4.50 % | |
| Trend | Falling | Falling | Sideways | |
| Slope (bps/mo) | -8.3 | -8.3 | 0.0 | |
| Rate Changes / Mo | 0.39 | 0.39 | 0.00 | |
| Days Since Last Change | 28 | 28 | 75 | |
| High (-2 m) | 3.90 % | 4.00 % | 4.50 % | |
| Low (-2 m) | 3.75 % | 3.85 % | 4.50 % | |
| Draw-down from High | -3.8 % | -3.7 % | 0.0 % | |
| Volatility (CV) | 0.019 | 0.019 | 0.000 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 2 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 (-2 m)
- Highest APY in the last 76 days.
- Low (-2 m)
- Lowest APY in the last 76 days.
- Draw-down from High
- How far today sits below the 2-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.