Cit Bank vs Marcus By Goldman Sachs
High-Yield Savings Accounts Comparison
Last Updated: July 15, 2025
Summary of CIT Bank vs. Marcus by Goldman Sachs
As of July 15, 2025 CIT Bank offers an APY of 4.00% for its Platinum Savings account, compared to Marcus by Goldman Sachs's 3.65% APY for its Marcus Online Savings Account account.
CIT Bank yields $35 more than Marcus by Goldman Sachs on a $10,000 balance after one year. CIT Bank pays $400, while Marcus by Goldman Sachs pays $365 - an APY advantage for CIT Bank.
In addition, CIT Bank also offers 3.90% APY for the Savings Connect account.
CIT Bank
Strengths
- CIT Bank's Platinum Savings offers a higher APY at 4.00%.
- CIT Bank has a higher App Store rating of 4.8 compared to Marcus's 4.8.
- CIT Bank has no maintenance fees for its accounts.
Potential Drawbacks
- CIT Bank's Platinum Savings requires a minimum balance of $5,000.
- CIT Bank is not BBB Accredited, rated A-.
- CIT Bank has no branches for in-person banking.
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs has no minimum deposit or balance requirements.
- Marcus has a better BBB rating of A+.
- Marcus's Google Play rating is 4.1, though lower than CIT's.
Potential Drawbacks
- Marcus's Online Savings Account offers a lower APY at 3.65%.
- Marcus has a lower App Store rating of 4.8 compared to CIT's 4.8.
- Marcus has no branches for in-person banking.
Summary: CIT Bank offers a higher APY of 4.00% with its Platinum Savings account, but requires a $5,000 minimum balance. In contrast, Marcus by Goldman Sachs has no minimum requirements and a solid A+ BBB rating, but offers a lower APY of 3.65%. Both banks lack physical branches, but CIT has a slight edge in App Store ratings.
Compare CIT Bank's vs Marcus by Goldman Sachs' Savings Accounts
| CIT Bank | Marcus by Goldman Sachs | |||
|---|---|---|---|---|
| Product | Savings Connect | Platinum Savings | vs | Marcus Online Savings Account |
| APY | 3.90% (as of 7/15/2025) | 0.25% - 4.00% (as of 7/15/2025) | 3.65% (as of 7/16/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $100 | $100 | $0 | |
| Minimum Balance for APY | $0 | $5,000 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | |
| Visit Bank | Savings Connect | Platinum Savings | Marcus Online Savings Account | |
| App Store Rating | 4.8/5 | 4.8/5 | ||
| Google Play Rating | 4.6/5 | 4.1/5 | ||
| BBB Rating | A- | A+ | ||
Comparative Historical APY Insights (Last 6 Months)
| CIT Bank | Marcus by Goldman Sachs | |||
|---|---|---|---|---|
| Product | Savings Connect | Platinum Savings | vs | Marcus Online Savings Account |
| Latest APY | 3.90 % | 4.00 % | 3.65 % | |
| Trend | Sideways | Falling | Falling | |
| Slope (bps/mo) | -1.6 | -6.5 | -5.7 | |
| Rate Changes / Mo | 0.18 | 0.53 | 0.36 | |
| Days Since Last Change | 34 | 34 | 49 | |
| High (-6 m) | 4.00 % | 4.35 % | 3.90 % | |
| Low (-6 m) | 3.90 % | 4.00 % | 3.65 % | |
| Draw-down from High | -2.5 % | -8.0 % | -6.4 % | |
| Volatility (CV) | 0.010 | 0.028 | 0.027 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 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 (-6 m)
- Highest APY in the last 169 days.
- Low (-6 m)
- Lowest APY in the last 169 days.
- Draw-down from High
- How far today sits below the 6-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.
Calculate Savings Growth for CIT Bank vs Marcus by Goldman Sachs
All calculations are based on APY.
CIT Bank
APY: 4.00%
Total savings breakdown:
- Interest earned: $40 (3.85%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.15%)
Your total balance
$1,040.00
Effective APY: 4.00% (based on your deposit and contributions)
Total balance: $1,040
Earnings: $40
Bank DetailsMarcus by Goldman Sachs
APY: 3.65%
Total savings breakdown:
- Interest earned: $36.5 (3.52%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.48%)
Your total balance
$1,036.50
Effective APY: 3.65% (based on your deposit and contributions)
Total balance: $1,036.5
Earnings: $36.5
Bank DetailsAfter 1 year CIT Bank would earn you $3.5 more than Marcus by Goldman Sachs.
More Comparisons
Compare CIT Bank's APY of 4.00% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| CIT Bank vs Ally Bank | 3.50% | $0 |
| CIT Bank vs American Express | 3.60% | $0 |
| CIT Bank vs Axos Bank | 4.66% | $0 |
| CIT Bank vs Bank of America | 0.01% | $100 |
| CIT Bank vs Barclays | 4.10% | $0 |
| CIT Bank vs Capital One | 3.50% | $0 |
| CIT Bank vs Chase Bank | 0.01% | $0 |
| CIT Bank vs Chime | 3.75% | $0 |
| CIT Bank vs Discover Bank | 3.50% | $0 |
| CIT Bank vs Fitness Bank | 5.00% | $100 |
| CIT Bank vs Presidential Bank | 4.50% | $5,000 |
| CIT Bank vs SoFi Bank | 3.80% | $0 |
| CIT Bank vs Synchrony Bank | 3.80% | $0 |
| CIT Bank vs Varo Bank | 5.00% | $0 |
| CIT Bank vs Wells Fargo | 2.51% | $25 |