CIT Bank vs. GO2bank
Compare rates, requirements, and features side-by-side to find the best option for you.
CIT Bank
Platinum Savings
Up to3.75%APYDec 6, 2025FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppRange: 0.25% – 3.75%Show Fine Print & Trends Hide Details
CIT Bank
Platinum Savings
GO2bank
High Yield Savings
Up to4.50%APYDec 6, 2025FDIC InsuredChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 0.00% – 4.50%Show Fine Print & Trends Hide Details
GO2bank
High Yield Savings
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.
Comparison Analysis
Comparing CIT Bank vs. GO2bank
Why CIT Bank?
- ✓No checking account or direct deposit required
- ✓Offers 2 different high-yield savings options
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.
Executive Summary
GO2bank offers a competitive High Yield Savings account with a 4.50% APY, but it requires a GO2bank checking account to open the savings account and limits interest to balances up to $5,000. In contrast, CIT Bank's Platinum Savings account provides a strong 3.75% APY with no such cap, making it a better option for larger deposits, especially as it earns more on amounts over $5,000. Additionally, CIT Bank's Savings Connect offers a simpler alternative with a 3.65% APY and no direct deposit requirement, although it does not surpass the Platinum Savings in terms of yield.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both CIT Bank and GO2bank.
| Feature | CIT Bank | GO2bank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 4.50% 0Verified: 12/6/2025 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 Android4.3 | iOS4.8 Android4.5 |
| BBB Rating | A- | Not Rated |
| Important Notes | - | 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 |
Savings Comparison
CIT Bank earns $1,042.9 more than GO2bank.
CIT Bank
Platinum Savings
Savings Breakdown
- Interest Earned+$2,273.80(11.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,273.80
GO2bank
High Yield Savings
4.50% on first $5,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$1,230.90(6.4%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,230.90
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 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) | -6.9 | -6.9 | 0.0 |
Days Since Change | 16 | 16 | 121 |
4-Month High | 3.90% | 4.00% | 4.50% |
4-Month Low | 3.65% | 3.75% | 4.50% |
Adjustments / Mo | 0.49 | 0.49 | 0.00 |
Volatility Score | 0.024 | 0.023 | 0.000 |
How to read these metrics(Click to expand)
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