Cit Bank vs Marcus By Goldman Sachs
High-Yield Savings Accounts Comparison
Last Updated: August 29, 2025
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Summary of CIT Bank vs. Marcus by Goldman Sachs
As of August 29, 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 offers a higher APY of 4.00% for the Platinum Savings account.
- CIT Bank's Platinum Savings account has no maintenance fees or minimum balance requirements after the initial deposit.
- CIT Bank has a strong App Store rating of 4.8.
Potential Drawbacks
- CIT Bank is not BBB Accredited and has a lower BBB rating of A-.
- CIT Bank requires a minimum balance of $5,000 for the Platinum Savings account to earn the highest APY.
- CIT Bank's Google Play rating is lower at 4.6.
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs has no minimum balance requirement for its savings account.
- Marcus by Goldman Sachs is BBB Accredited with a higher rating of A+.
- Marcus by Goldman Sachs has no maintenance fees.
Potential Drawbacks
- Marcus by Goldman Sachs offers a lower APY of 3.65% for its savings account.
- Marcus by Goldman Sachs has a lower Google Play rating of 4.1.
- Marcus by Goldman Sachs does not have a branch network.
Summary: CIT Bank provides a higher APY of 4.00% for its Platinum Savings account, but requires a $5,000 minimum balance. In contrast, Marcus by Goldman Sachs offers a lower APY of 3.65% with no minimum balance requirement and a better BBB rating of A+. Both banks have no maintenance fees, but CIT Bank 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 | Platinum Savings | Savings Connect | vs | Marcus Online Savings Account |
| APY | 0.25% - 4.00% (as of 8/29/2025) | 3.90% (as of 8/29/2025) | 3.65% (as of 8/29/2025) | |
| 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 | $5,000 | $0 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | |
| 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 7 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 | Sideways | |
| Slope (bps/mo) | -1.9 | -5.1 | -4.5 | |
| Rate Changes / Mo | 0.14 | 0.42 | 0.28 | |
| Days Since Last Change | 79 | 79 | 94 | |
| High (-7 m) | 4.00 % | 4.35 % | 3.90 % | |
| Low (-7 m) | 3.90 % | 4.00 % | 3.65 % | |
| Draw-down from High | -2.5 % | -8.0 % | -6.4 % | |
| Volatility (CV) | 0.012 | 0.029 | 0.027 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 214 days.
- Low (-7 m)
- Lowest APY in the last 214 days.
- Draw-down from High
- How far today sits below the 7-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: $2,434.7 (11.91%)
- Total contributions: $13,000 (63.62%)
- Initial deposit: $5,000 (24.47%)
Your total balance
$20,434.70
Effective APY: 4.00% (based on your deposit and contributions)
Total balance: $20,434.7
Earnings: $2,434.7
Bank OverviewMarcus by Goldman Sachs
APY: 3.65%
Total savings breakdown:
- Interest earned: $2,209.7 (10.93%)
- Total contributions: $13,000 (64.33%)
- Initial deposit: $5,000 (24.74%)
Your total balance
$20,209.70
Effective APY: 3.65% (based on your deposit and contributions)
Total balance: $20,209.7
Earnings: $2,209.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, CIT Bank's total earnings would be $225 higher than Marcus by Goldman Sachs's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
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 | 3.50% | $0 |
| CIT Bank vs Axos Bank | 4.46% | $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 | 4.85% | $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 UFB Direct | 4.21% | $5000 |
| CIT Bank vs Varo Bank | 5.00% | $0 |
| CIT Bank vs Wells Fargo | 2.51% | $25 |