Cit Bank vs Marcus By Goldman Sachs
High-Yield Savings Accounts Comparison
Last Updated: September 22, 2025
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Summary of CIT Bank vs. Marcus by Goldman Sachs
As of September 22, 2025 CIT Bank offers an APY of 4.00% for its Platinum Savings account, with a minimum balance of $5,000, compared to Marcus by Goldman Sachs's 3.65% APY for its Marcus Online Savings Account, with a minimum balance of $0.
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 an excellent App Store rating of 4.8.
- No maintenance fees for any savings accounts at CIT Bank.
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 physical branches for in-person banking.
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs has no minimum deposit or balance requirements.
- Marcus offers a competitive APY of 3.65% on its savings account.
- Marcus has a BBB rating of A+.
Potential Drawbacks
- Marcus by Goldman Sachs has a lower APY compared to CIT Bank.
- Marcus has a lower Google Play rating of 4.1.
- No physical branches available for Marcus by Goldman Sachs.
Summary: CIT Bank offers a higher APY of 4.00% for its Platinum Savings account, but requires a $5,000 minimum balance. Marcus by Goldman Sachs has a competitive APY of 3.65% with no minimum balance, and boasts a better BBB rating of A+. Both banks are online-only with no maintenance fees, but CIT Bank's lack of accreditation may be a concern for some customers.
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 9/22/2025) | 3.90% (as of 9/22/2025) | 3.65% (as of 9/22/2025) | |
| 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 8 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 | Sideways | Sideways | |
| Slope (bps/mo) | -1.9 | -4.5 | -3.9 | |
| Rate Changes / Mo | 0.13 | 0.38 | 0.25 | |
| Days Since Last Change | 102 | 102 | 117 | |
| High (-8 m) | 4.00 % | 4.35 % | 3.90 % | |
| Low (-8 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 8 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 (-8 m)
- Highest APY in the last 237 days.
- Low (-8 m)
- Lowest APY in the last 237 days.
- Draw-down from High
- How far today sits below the 8-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 | Competitor 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 BrioDirect | 4.30% | $5,000 |
| 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 Elevault | 4.34% | $0 |
| CIT Bank vs EverBank | 4.05% | $0 |
| CIT Bank vs Fitness Bank | 4.75% | $100 |
| CIT Bank vs FVCbank | 4.35% | $500 |
| CIT Bank vs GO2bank | 4.50% | $0 |
| CIT Bank vs Neighbors Bank | 4.60% | $0 |
| CIT Bank vs Newtek Bank | 4.35% | $0 |
| CIT Bank vs Peak Bank | 4.35% | $100 |
| CIT Bank vs Pibank | 4.60% | $0 |
| CIT Bank vs Presidential Bank | 4.50% | $5,000 |
| CIT Bank vs Santander Bank | 0.01% | $25 |
| CIT Bank vs SoFi Bank | 4.50% | $0 |
| CIT Bank vs Synchrony Bank | 3.80% | $0 |
| CIT Bank vs TIMBR | 4.40% | $1,000 |
| CIT Bank vs UFB Direct | 4.10% | $5000 |
| CIT Bank vs Varo Bank | 5.00% | $0 |
| CIT Bank vs Wells Fargo | 2.51% | $25 |
| CIT Bank vs Zynlo Bank | 4.35% | $10 |