CIT Bank vs. Marcus by Goldman Sachs
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | CIT BankPlatinum Savings Jan 7, 2026 | Marcus by Goldman SachsMarcus Online Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 3.65% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$183 $10,000+$365 $25,000+$912 |
Min Deposit | $100 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%. | - |
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing CIT Bank vs. Marcus by Goldman Sachs
As of CIT Bank offers an APY of 3.75% 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 pays $10 more than Marcus by Goldman Sachs on a $10,000 balance after one year. CIT Bank pays $375, while Marcus by Goldman Sachs pays $365 - an APY advantage for CIT Bank.
In addition, CIT Bank also offers 3.65% APY for the Savings Connect account, with a minimum balance of $0.
Why CIT Bank?
- ✓Offers 2 different high-yield savings options
- ✓Fast transfers via Zelle®
Why Marcus by Goldman Sachs?
- ✓Higher rated Android app (4.9 vs 4.4)
— Key Feature Differences —
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $912/yr).
Shared Benefits
Over a 1-year period, CIT Bank's Platinum Savings pays $10 more interest on a $10,000 balance than Marcus by Goldman Sachs's Marcus Online Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
CIT Bank offers a competitive Platinum Savings account with an APY of 3.75%, which requires a minimum balance of $5,000 to earn this rate, while lower balances yield only 0.25%. In comparison, Marcus by Goldman Sachs provides an Online Savings Account with a slightly lower APY of 3.65%, with no minimum balance requirement. Both accounts are online-only and do not require direct deposit. Overall, CIT Bank's Platinum Savings account stands out as the winner due to its higher APY, especially for those who can meet the balance requirement.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
CIT Bank vs. Marcus by Goldman Sachs Savings Calculator
You earn $10 more with CIT Bank than Marcus by Goldman Sachs on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
CIT Bank
Platinum Savings
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
Marcus by Goldman Sachs
Marcus Online Savings Account
Savings Breakdown
- Interest Earned+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | CIT Bank | Marcus by Goldman Sachs |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 1/7/2026 ↘︎ 0.10%90d Change | 3.65% Verified: 1/7/2026 Stable (90d) |
| Product Name | Platinum Savings | Marcus Online Savings Account |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $5,000 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.4 | iOS4.9 Android4.9 |
| Zelle® Support | Available Supported for eChecking users post-First Citizens merger. | Not Supported |
| BBB Rating | A- | A+ |
| Important Notes | This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%. | - |
| Next Steps | Visit SiteGo to CIT Bank * Secure link to our partner | Visit SiteVerify at Marcus by Goldman Sachs Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | Marcus by Goldman Sachs | |
|---|---|---|---|
| Savings Connect | Platinum Savings | Marcus Online Savings Account | |
Current APY | 3.65% | 3.75% | 3.65% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.7 | -4.9 | -2.1 |
Days Since Change | 48 | 48 | 224 |
11-Month High | 4.00% | 4.35% | 3.90% |
11-Month Low | 3.65% | 3.75% | 3.65% |
Adjustments / Mo | 0.26 | 0.44 | 0.17 |
Volatility Score | 0.035 | 0.044 | 0.024 |
How to read these metrics(Click to expand)
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