Cit Bank vs Marcus By Goldman Sachs
High-Yield Savings Accounts Comparison
Last Updated: June 20, 2025
Summary of CIT Bank vs. Marcus by Goldman Sachs
As of June 20, 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 high APY of 4.00%.
- CIT Bank has a higher App Store rating of 4.8 compared to Marcus.
- CIT Bank's Platinum Savings account has no maintenance fees.
Potential Drawbacks
- CIT Bank's APY dropped from 4.10% to 4.00% in the last 30 days.
- CIT Bank requires a minimum balance of $5,000 for its highest APY.
- CIT Bank is not BBB Accredited and has a lower BBB rating of A-.
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs has no minimum balance requirement for its savings account.
- Marcus offers a stable APY of 3.65%, which is competitive.
- Marcus has a higher BBB rating of A+.
Potential Drawbacks
- Marcus's APY decreased from 3.75% to 3.65% in the last 30 days.
- Marcus has a lower Google Play rating of 4.2 compared to CIT.
- Marcus does not offer an account with a higher APY than CIT's.
Summary: CIT Bank offers a higher APY of 4.00% on its Platinum Savings account, compared to Marcus's 3.65%. However, CIT requires a $5,000 minimum balance, while Marcus has no minimum. Both banks have strong App Store ratings, but CIT's Google Play rating is higher. CIT Bank is not BBB Accredited, while Marcus enjoys an A+ rating. CIT's APY recently dropped, while Marcus's also decreased slightly.
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 6/20/2025) | 3.90% (as of 6/20/2025) | 3.65% (as of 6/20/2025) | |
| 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 | |
| Visit Bank | Platinum Savings | Savings Connect | Marcus Online Savings Account | |
| App Store Rating | 4.8/5 | 4.8/5 | ||
| Google Play Rating | 4.6/5 | 4.2/5 | ||
| BBB Rating | A- | A+ | ||
Comparative Historical APY Insights (Last 5 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) | -0.8 | -6.8 | -6.3 | |
| Rate Changes / Mo | 0.21 | 0.63 | 0.42 | |
| Days Since Last Change | 9 | 9 | 24 | |
| High (-5 m) | 4.00 % | 4.35 % | 3.90 % | |
| Low (-5 m) | 3.90 % | 4.00 % | 3.65 % | |
| Draw-down from High | -2.5 % | -8.0 % | -6.4 % | |
| Volatility (CV) | 0.006 | 0.026 | 0.025 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 5 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 (-5 m)
- Highest APY in the last 144 days.
- Low (-5 m)
- Lowest APY in the last 144 days.
- Draw-down from High
- How far today sits below the 5-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 | 3.60% | $0 |
| CIT Bank vs Chase Bank | 0.01% | $0 |
| CIT Bank vs Chime | 3.75% | $0 |
| CIT Bank vs Discover Bank | 3.60% | $0 |
| CIT Bank vs Fitness Bank | 5.00% | $100 |
| CIT Bank vs SoFi Bank | 3.80% | $0 |
| CIT Bank vs Synchrony Bank | 3.80% | $0 |
| CIT Bank vs Varo Bank | 5.00% | $0 |
Compare Marcus by Goldman Sachs' APY of 3.65% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Marcus by Goldman Sachs vs Ally Bank | 3.50% | $0 |
| Marcus by Goldman Sachs vs American Express | 3.60% | $0 |
| Marcus by Goldman Sachs vs Axos Bank | 4.66% | $0 |
| Marcus by Goldman Sachs vs Bank of America | 0.01% | $100 |
| Marcus by Goldman Sachs vs Barclays | 4.10% | $0 |
| Marcus by Goldman Sachs vs Capital One | 3.60% | $0 |
| Marcus by Goldman Sachs vs Chase Bank | 0.01% | $0 |
| Marcus by Goldman Sachs vs Chime | 3.75% | $0 |
| Marcus by Goldman Sachs vs Discover Bank | 3.60% | $0 |
| Marcus by Goldman Sachs vs Fitness Bank | 5.00% | $100 |
| Marcus by Goldman Sachs vs SoFi Bank | 3.80% | $0 |
| Marcus by Goldman Sachs vs Synchrony Bank | 3.80% | $0 |
| Marcus by Goldman Sachs vs Varo Bank | 5.00% | $0 |