CIT Bank vs. GO2bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | CIT BankPlatinum Savings Jan 21, 2026 | GO2bankHigh Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 0.00% - 4.50% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$225 $10,000+$225 $25,000+$225 |
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%. | A GO2bank checking account is required to open a savings account. The 4.50% APY is up to $5,000. Balances above that earn no interest. |
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking Bundle |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
As of CIT Bank offers an APY of 3.75% 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 pays $150 more than GO2bank on a $10,000 balance after one year. CIT Bank pays $375, while GO2bank pays $225 (with an effective APY of 2.25%) - an APY advantage for CIT Bank.
In addition, CIT Bank also offers 3.65% APY for the Savings Connect account, with a minimum balance of $0.
Why CIT Bank?
- ✓No checking account or direct deposit required
- ✓Offers 2 different high-yield savings options
- ✓Fast transfers via Zelle®
Why GO2bank?
- ✓Higher potential APY (4.50% vs 3.65%-3.75%) on balances up to $5,000 (requires checking bundle)
— Key Feature Differences —
Better Returns at $10,000
CIT BankCIT Bank's Platinum Savings earns more on smaller deposits (approx. $375 vs $225/yr).
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $225/yr).
Best for Simplicity
CIT BankCIT Bank's Savings Connect offers 3.65% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, CIT Bank's Platinum Savings pays $150 more interest on a $10,000 balance than GO2bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
GO2bank offers a competitive High Yield Savings account with an APY of 4.50%, which is significantly higher than CIT Bank's top product, the Platinum Savings, yielding 3.75% APY for balances over $5,000. However, to access GO2bank's savings account, customers must first open a checking account. In contrast, CIT Bank's Savings Connect provides a simpler option with a 3.65% APY, requiring no direct deposit or minimum balance, making it appealing for those seeking straightforward savings without additional account requirements. Both banks operate online only, and CIT Bank has no maintenance fees.
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. GO2bank Savings Calculator
You earn $150 more with CIT Bank than GO2bank 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
GO2bank
High Yield Savings
4.50% on first $5,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$225.00(2.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,225.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | CIT Bank | GO2bank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 1/21/2026 ↘︎ 0.10%90d Change | 4.50% 0Verified: 1/21/2026 Stable (90d) |
| Product Name | Platinum Savings | High Yield Savings |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $5,000 | $0 |
| Monthly Fee | $0 | $5 per month, unless you set up direct deposit |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.8 Android4.5 |
| Zelle® Support | Available Supported for eChecking users post-First Citizens merger. | Not Supported |
| BBB Rating | A- | Not Rated |
| 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%. | A GO2bank checking account is required to open a savings account. The 4.50% APY is up to $5,000. Balances above that earn no interest. |
| Next Steps | Visit SiteGo to CIT Bank * Secure link to our partner | Visit SiteVerify at GO2bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | GO2bank | |
|---|---|---|---|
| Savings Connect | Platinum Savings | High Yield Savings | |
Current APY | 3.65% | 3.75% | 4.50% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -5.6 | -5.6 | 0.0 |
Days Since Change | 62 | 62 | 167 |
6-Month High | 3.90% | 4.00% | 4.50% |
6-Month Low | 3.65% | 3.75% | 4.50% |
Adjustments / Mo | 0.36 | 0.36 | 0.00 |
Volatility Score | 0.026 | 0.025 | 0.000 |
How to read these metrics(Click to expand)
Compare Similar Alternatives
Compare CIT Bank vs...
Comparing against Standard Savings
Compare GO2bank vs...
Comparing against other Bundled Accounts