CIT Bank vs. MutualOne Bank
Comparing CIT Bank and MutualOne Bank for high-yield savings: CIT Bank's Platinum Savings pays 3.75% APY while MutualOne Bank's Mo Premium Savings pays 4.07% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? CIT Bank pays $375 more than MutualOne Bank annually ($375 vs $0).
Choose CIT Bank if getting the best rate matters most. Choose MutualOne Bank if you value in-person banking.
| Metric | CIT BankPlatinum Savings Feb 21, 2026 | MutualOne BankMo Premium Savings Feb 21, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 4.07% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$0 $10,000+$0 $25,000+$1,018 |
Min Deposit | $100 | $20,000 |
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® SupportedDaily CompoundingRate Changes Often | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedStable Rate |
Comparison Analysis
Comparing CIT Bank vs. MutualOne Bank
Executive Summary
MutualOne Bank's Mo Premium Savings account stands out with a competitive APY of 4.07%, making it the best option for savers looking to maximize returns, especially at higher balances. This account requires a minimum deposit and balance of $20,000, but offers no direct deposit requirement or maintenance fees, enhancing its appeal for simplicity. In comparison, CIT Bank's Platinum Savings account offers a slightly lower APY of 3.75%, but only if a $5,000 balance is maintained; otherwise, it drops to 0.25%. While CIT Bank also provides the Savings Connect account with a 3.65% APY, MutualOne's higher yield makes it the preferred choice for those with larger deposits.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why CIT Bank?
- ✓Offers 2 different high-yield savings options
Why MutualOne Bank?
- ✓Higher potential APY (4.07% vs 3.65%-3.75%)
- ✓Physical branch access (Full-service banking offices in Framingham, MA, and Natick, MA)
— Key Feature Differences —
Better Returns at $10,000
CIT BankCIT Bank's Platinum Savings earns more on smaller deposits (approx. $375 vs $0/yr).
Better Returns at $25,000
MutualOne BankMutualOne Bank's Mo Premium Savings pulls ahead with larger amounts (approx. $1018 vs $938/yr).
Best for Simplicity
MutualOne BankMutualOne Bank's Mo Premium Savings offers 4.07% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $32 more interest on a $10,000 balance than CIT Bank's Platinum Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
* Secure link to our partner
Non-sponsored link to official site
Top Market Contenders
CIT Bank vs. MutualOne Bank Savings Calculator
You earn $64 more with MutualOne Bank than CIT Bank on a $20,000 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+$750.00(3.6%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,750.00
MutualOne Bank
Mo Premium Savings
Savings Breakdown
- Interest Earned+$814.00(3.9%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,814.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | CIT Bank | MutualOne Bank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 2/21/2026 Stable (90d) | 4.07% Verified: 2/21/2026 Stable (90d) |
| Product Name | Platinum Savings | Mo Premium Savings |
| Minimum Deposit | $100 | $20,000 |
| Min. Balance for APY | $5,000 | $20,000 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Monthly |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | None. You cannot make use of First Citizens Bank's branches. | Full-service banking offices in Framingham, MA, and Natick, MA |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Supported for eChecking users post-First Citizens merger. | Available Verified via website and app descriptions. |
| 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 MutualOne Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | MutualOne Bank | ||
|---|---|---|---|---|
| Savings Connect | Platinum Savings | Online Savings | Mo Premium Savings | |
Current APY | 3.65% | 3.75% | 0.40% | 4.07% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -3.4 | -3.4 | 0.0 | -0.0 |
Days Since Change | 93 | 93 | 162 | 162 |
5-Month High | 3.90% | 4.00% | 0.40% | 4.07% |
5-Month Low | 3.65% | 3.75% | 0.40% | 4.07% |
Adjustments / Mo | 0.37 | 0.37 | 0.00 | 0.00 |
Volatility Score | 0.017 | 0.017 | 0.000 | 0.000 |
How to read these metrics(Click to expand)
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More Comparisons
Compare CIT Bank's APY of 3.75% with other banks
Compare MutualOne Bank's APY of 4.07% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| MutualOne Bank vs Ally Bank | 3.20% | $0 |
| MutualOne Bank vs American Express | 3.30% | $0 |
| MutualOne Bank vs Axos Bank | 4.21% | $0 |
| MutualOne Bank vs Bank of America | 0.01% | $100 |
| MutualOne Bank vs Barclays | 3.85% | $0 |
| MutualOne Bank vs Capital One | 3.30% | $0 |
| MutualOne Bank vs Chase Bank | 0.01% | $0 |
| MutualOne Bank vs Chime | 3.00% | $0 |
| MutualOne Bank vs Citibank | 3.20% | $0 |
| MutualOne Bank vs Discover Bank | 3.30% | $0 |
| MutualOne Bank vs EverBank | 3.90% | $0 |
| MutualOne Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| MutualOne Bank vs Newtek Bank | 4.20% | $0.01 |
| MutualOne Bank vs Openbank | 4.09% | $500 |
| MutualOne Bank vs Pibank | 4.60% | $0 |
| MutualOne Bank vs SoFi Bank | 4.00% | $0 |
| MutualOne Bank vs Synchrony Bank | 3.50% | $0 |
| MutualOne Bank vs Varo Bank | 5.00% | $0 |
| MutualOne Bank vs Wealthfront | 3.95% | $0 |
| MutualOne Bank vs Wells Fargo | 0.05% | $25 |