Cit Bank vs. Marcus By Goldman Sachs
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 6, 2025
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Summary of CIT Bank vs. Marcus by Goldman Sachs
Key Metrics at a Glance
| Feature | CIT Bank | Marcus by Goldman Sachs |
|---|---|---|
| Top Savings APY | 3.85% Platinum Savings | 3.65% Marcus Online Savings Account |
| Minimum to Open | $100 | $0 |
| Minimum Balance for Top APY | $5,000 | $0 |
CIT Bank
Strengths
- CIT Bank's Platinum Savings offers a higher APY of 3.85% compared to Marcus's 3.65%.
- CIT Bank has no maintenance fees for its accounts.
- CIT Bank's Platinum Savings requires only a $100 minimum deposit.
Potential Drawbacks
- CIT Bank is not BBB accredited, rated A-.
- CIT Bank's Platinum Savings requires a $5,000 minimum balance to earn the highest APY.
- CIT Bank has no branch access.
Marcus by Goldman Sachs
Strengths
- Marcus by Goldman Sachs has a BBB rating of A+.
- Marcus offers a $0 minimum balance requirement for its savings account.
- Marcus has a lower minimum deposit requirement of $0.
Potential Drawbacks
- Marcus's Online Savings Account has a lower APY of 3.65% compared to CIT Bank's 3.85%.
- Marcus has no branch access.
- Marcus's Google Play rating is lower at 4.1 compared to CIT Bank's 4.3.
→ As of November 6, 2025 CIT Bank offers an APY of 3.85% 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 $20 more than Marcus by Goldman Sachs on a $10,000 balance after one year. CIT Bank pays $385, while Marcus by Goldman Sachs pays $365 - 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 Marcus by Goldman Sachs
CIT Bank - Platinum Savings
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
Total balance: $20,338
Earnings: $2,338
Bank OverviewMarcus by Goldman Sachs - Marcus Online Savings Account
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
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 $128.3 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.
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% - 3.85% (as of 11/6/2025) | 3.75% (as of 11/6/2025) | 3.65% (as of 11/6/2025) | |
| 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 | 4.3/5 | 4.1/5 | ||
| BBB Rating | A- | A+ | ||
Comparative Historical APY Insights (Last 9 Months)
| CIT Bank | Marcus by Goldman Sachs | |||
|---|---|---|---|---|
| Product | Savings Connect | Platinum Savings | vs | Marcus Online Savings Account |
| Latest APY | 3.75 % | 3.85 % | 3.65 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -2.9 | -4.8 | -3.0 | |
| Rate Changes / Mo | 0.21 | 0.43 | 0.21 | |
| Days Since Last Change | 44 | 44 | 162 | |
| High (-9 m) | 4.00 % | 4.35 % | 3.90 % | |
| Low (-9 m) | 3.75 % | 3.85 % | 3.65 % | |
| Draw-down from High | -6.3 % | -11.5 % | -6.4 % | |
| Volatility (CV) | 0.023 | 0.035 | 0.026 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 282 days.
- Low (-9 m)
- Lowest APY in the last 282 days.
- Draw-down from High
- How far today sits below the 9-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.