CIT Bank vs. Neighbors Bank
Comparing CIT Bank and Neighbors Bank for high-yield savings: CIT Bank's Platinum Savings pays 3.75% APY while Neighbors Bank's Neighbors Savings Account pays 4.20% APY.
Note: Neighbors Bank caps its top rate at $250,000.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Neighbors Bank pays $45 more than CIT Bank annually ($420 vs $375).
Choose CIT Bank if you want a no-strings-attached account, you're an iPhone user, or you want Zelle for quick transfers. Choose Neighbors Bank if getting the best rate matters most, or you value in-person banking.
| Metric | CIT BankPlatinum Savings Apr 21, 2026 | Neighbors BankNeighbors Savings Account Apr 21, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 4.20% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$210 $10,000+$420 $25,000+$1,050 |
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%. | Balances up to $250,000 earn 4.20% APY. Anything above will earn 0.05% APY. |
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat Android AppIn-Person AccessRate Changes Often |
Comparison Analysis
Comparing CIT Bank vs. Neighbors Bank
Executive Summary
Neighbors Bank offers a competitive Neighbors Savings Account with an APY of 4.20%, significantly higher than CIT Bank's highest APY of 3.75% from its Platinum Savings account, which requires a minimum balance of $5,000 to earn that rate. Neighbors Bank's account has no minimum deposit or balance requirements, making it accessible for all, although it is not available in Delaware. Both banks provide online-only savings options, with CIT Bank's Savings Connect account offering a straightforward 3.65% APY without any balance requirements. Overall, Neighbors Bank stands out as the winner for higher returns.
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?
- ✓No checking account or direct deposit required
- ✓Higher rated iOS app (4.8 vs 3.3)
- ✓Offers 2 different high-yield savings options
- ✓Fast transfers via Zelle®
- ✓Available Nationwide
Why Neighbors Bank?
- ✓Higher potential APY (4.20% vs 3.65%-3.75%) on all balances
- ✓Physical branch access (One location in Columbia, Missouri)
— Key Feature Differences —
Better Returns at $10,000
Neighbors BankNeighbors Bank's Neighbors Savings Account earns more on smaller deposits (approx. $420 vs $375/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1050 vs $938/yr).
Best for Simplicity
CIT BankCIT Bank's Savings Connect offers 3.65% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
CIT BankCIT Bank offers an iOS app rated 4.8 (vs. 3.3) and Android app rated 4.7 (vs. 4.4)
Shared Benefits
Over a 1-year period, Neighbors Bank's Neighbors Savings Account pays $45 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
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CIT Bank vs. Neighbors Bank Savings Calculator
You earn $45 more with Neighbors Bank than CIT Bank 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
Neighbors Bank
Neighbors Savings Account
4.20% on first $250,000 and 0.05% thereafter.
Savings Breakdown
- Interest Earned+$420.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,420.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $374 per year in interest.
Both CIT Bank and Neighbors Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | CIT Bank | Neighbors Bank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 4/21/2026 Stable (90d) | 4.20% Verified: 4/21/2026 Stable (90d) |
| Product Name | Platinum Savings | Neighbors Savings Account |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $5,000 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | N/A |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | None. You cannot make use of First Citizens Bank's branches. | One location in Columbia, Missouri |
| 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. | 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%. | Balances up to $250,000 earn 4.20% APY. Anything above will earn 0.05% APY. |
| Next Steps | Visit SiteGo to CIT Bank * Secure link to our partner | Visit SiteVerify at Neighbors Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | Neighbors Bank | |
|---|---|---|---|
| Savings Connect | Platinum Savings | Neighbors Savings Account | |
Current APY | 3.65% | 3.75% | 4.20% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.5 | -3.5 | -4.6 |
Days Since Change | 152 | 152 | 96 |
12-Month High | 4.00% | 4.10% | 4.60% |
12-Month Low | 3.65% | 3.75% | 4.20% |
Adjustments / Mo | 0.25 | 0.25 | 0.25 |
Volatility Score | 0.035 | 0.034 | 0.039 |
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 Neighbors Bank's APY of 4.20% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Neighbors Bank vs Ally Bank | 3.10% | $0 |
| Neighbors Bank vs American Express | 3.20% | $0 |
| Neighbors Bank vs Axos Bank | 4.21% | $0 |
| Neighbors Bank vs Barclays | 3.75% | $0 |
| Neighbors Bank vs Capital One | 3.20% | $0 |
| Neighbors Bank vs Chime | 3.00% | $0 |
| Neighbors Bank vs Discover Bank | 3.30% | $0 |
| Neighbors Bank vs EverBank | 3.90% | $0 |
| Neighbors Bank vs Marcus by Goldman Sachs | 3.50% | $0 |
| Neighbors Bank vs Newtek Bank | 4.20% | $0.01 |
| Neighbors Bank vs Openbank | 4.00% | $500 |
| Neighbors Bank vs Pibank | 4.40% | $0 |
| Neighbors Bank vs SoFi Bank | 4.00% | $0 |
| Neighbors Bank vs Synchrony Bank | 3.40% | $0 |
| Neighbors Bank vs Varo Bank | 5.00% | $0 |
| Neighbors Bank vs Wealthfront | 4.20% | $0 |