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 BankMarcus by Goldman Sachs
ProductPlatinum SavingsSavings ConnectvsMarcus 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
NoNoNo
FDIC-insured
YesYesYes
Online OnlyYesYesYes
Compound Frequency
DailyDailyDaily
Minimum Deposit$100$100$0
Minimum Balance for APY$5,000$0$0
Maintenance Fee$0$0$0
Direct Deposit Required
NoNoNo
Visit BankPlatinum SavingsSavings ConnectMarcus Online Savings Account
App Store Rating4.8/54.8/5
Google Play Rating4.6/54.2/5
BBB RatingA-A+

Comparative Historical APY Insights (Last 5 Months)

CIT BankMarcus by Goldman Sachs
ProductSavings ConnectPlatinum SavingsvsMarcus Online Savings Account
Latest APY3.90 %4.00 %3.65 %
TrendSidewaysFallingFalling
Slope (bps/mo)-0.8-6.8-6.3
Rate Changes / Mo0.210.630.42
Days Since Last Change9924
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)0.0060.0260.025
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 Details

Marcus 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 Details

After 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
Compare Marcus by Goldman Sachs' APY of 3.65% with other banks