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

FeatureCIT BankGO2bank
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
NoteThe 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.
Summary: CIT Bank's Platinum Savings offers a lower APY of 3.85% compared to GO2bank's 4.50%. However, CIT Bank has no maintenance fees and a higher App Store rating of 4.8. GO2bank has no minimum balance requirement, but it charges a $5 monthly fee unless direct deposit is established. Both banks are not BBB accredited, highlighting a potential trust issue for customers.

→ 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

All calculations are based on APY.

CIT Bank - Platinum Savings

Top APY: 3.85%

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

Effective APY: 3.85% (based on your deposit and contributions)

Total balance: $20,338

Earnings: $2,338

Bank Overview

GO2bank - High Yield Savings

Top APY: 4.50%

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

Effective APY: 2.08% (based on your deposit and contributions)

Total balance: $19,230.9

Earnings: $1,230.9

Bank Overview

With 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 BankGO2bank
ProductPlatinum SavingsSavings ConnectvsHigh 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
NoNoNo
FDIC-insured
YesYesYes
Online OnlyYesYesYes
Compound Frequency
DailyDailyQuarterly
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
NoNoNo
NoteThe 4.50% APY is up to 5,000. Balances above that earn no interest.
App Store Rating4.8/54.8/5
Google Play Rating4.3/54.6/5
BBB RatingA-Not Rated

Comparative Historical APY Insights (Last 2 Months)

CIT BankGO2bank
ProductSavings ConnectPlatinum SavingsvsHigh Yield Savings
Latest APY3.75 %3.85 %4.50 %
TrendFallingFallingSideways
Slope (bps/mo)-8.3-8.30.0
Rate Changes / Mo0.390.390.00
Days Since Last Change282875
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)0.0190.0190.000
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.

More Comparisons

Compare CIT Bank's APY of 3.85% with other banks
Compare GO2bank's APY of 4.50% with other banks