Cit Bank vs. Neighbors Bank

High-Yield Savings Account Comparison

By Aviel Fahl|Last Updated: October 21, 2025

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Summary of CIT Bank vs. Neighbors Bank

Key Metrics at a Glance

Feature	CIT Bank	Neighbors Bank
Top Savings APY	3.85% Platinum Savings	4.50% Neighbors Savings Account
Minimum to Open	$100	$0
Minimum Balance for Top APY	$5,000	$0
Note		Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY.

CIT Bank

Strengths

CIT Bank's Platinum Savings offers a competitive APY of 3.85%.
CIT Bank has a higher App Store rating at 4.8 compared to Neighbors Bank's 3.3.
No maintenance fees for both CIT Bank accounts.

Potential Drawbacks

CIT Bank's APY decreased from 4.00% to 3.85% in the last 30 days.
CIT Bank has no physical branches for in-person banking.

Neighbors Bank

Strengths

Neighbors Bank offers a higher APY of 4.50% for its savings account.
Neighbors Bank has one physical branch location for customer service.

Potential Drawbacks

Neighbors Bank's APY decreased from 4.60% to 4.50% in the last 30 days.
Neighbors Bank has a lower App Store rating at 3.3 compared to CIT Bank.

Summary: CIT Bank offers a 3.85% APY on its Platinum Savings account, while Neighbors Bank provides a higher 4.50% APY. However, CIT Bank has a better App Store rating of 4.8 compared to Neighbors Bank's 3.3. Both banks have no maintenance fees, but CIT Bank lacks physical branches, whereas Neighbors Bank has one location in Columbia, Missouri. Both banks experienced a decrease in APY over the past month.

→ As of October 21, 2025 CIT Bank offers an APY of 3.85% for its Platinum Savings account, with a minimum balance of $5,000, compared to Neighbors Bank's 4.50% APY for its Neighbors Savings Account, with a minimum balance of $0.

→ Neighbors Bank yields $65 more than CIT Bank on a $10,000 balance after one year. CIT Bank pays $385, while Neighbors Bank pays $450 - an APY advantage for Neighbors Bank.

→ In addition, CIT Bank also offers 3.75% APY for the Savings Connect account.

Explore CIT Bank Explore Neighbors Bank

Calculate Savings Growth for CIT Bank vs Neighbors Bank

All calculations are based on APY.

Initial Deposit

Recurring Deposit

Frequency

CIT Bank - Platinum Savings

Top APY: 3.85%

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

Effective APY: 3.85% (based on your deposit and contributions)

Total balance: $20,338

Earnings: $2,338

Bank Overview

Neighbors Bank - Neighbors Savings Account

Top APY: 4.50%

Total savings breakdown:

Interest earned: $2,760.1 (13.30%)
Total contributions: $13,000 (62.62%)
Initial deposit: $5,000 (24.08%)

Your total balance

$20,760.10

Effective APY: 4.50% (based on your deposit and contributions)

Total balance: $20,760.1

Earnings: $2,760.1

Bank Overview

With a $5,000 initial deposit and $13,000 in total contributions over 5 years, CIT Bank's total earnings would be $422.1 lower than Neighbors Bank's total earnings.

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Compare CIT Bank's vs Neighbors Bank's Savings Accounts

	CIT Bank			Neighbors Bank
Product	Platinum Savings	Savings Connect	vs	Neighbors Savings Account
APY	0.25% - 3.85% (as of 10/21/2025)	3.75% (as of 10/21/2025)		4.50% (as of 10/21/2025)
Bundled Account	No	No		No
FDIC-insured	Yes	Yes		Yes
Online Only	Yes	Yes		No
Compound Frequency	Daily	Daily		N/A
Minimum Deposit	$100	$100		$0
Minimum Balance for APY	$5,000	$0		$0
Maintenance Fee	$0	$0		$0
Direct Deposit Required	No	No		No
Eligibility	United States	United States		Not available in Delaware.
Note				Balances up to $250,000 earn 4.50% APY. Anything above will earn 0.05% APY.
App Store Rating	4.8/5			3.3/5
Google Play Rating	4.3/5			4.3/5
BBB Rating	A-			A+

Comparative Historical APY Insights (Last 8 Months)

	CIT Bank			Neighbors Bank
Product	Savings Connect	Platinum Savings	vs	Neighbors Savings Account
Latest APY	3.75 %	3.85 %		4.50 %
Trend	Sideways	Sideways		Sideways
Slope (bps/mo)	-3.1	-4.4		-0.9
Rate Changes / Mo	0.25	0.38		0.25
Days Since Last Change	28	28		7
High (-8 m)	4.00 %	4.30 %		4.75 %
Low (-8 m)	3.75 %	3.85 %		4.50 %
Draw-down from High	-6.3 %	-10.5 %		-5.3 %
Volatility (CV)	0.021	0.028		0.009

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 8 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 (-8 m): Highest APY in the last 237 days.
Low (-8 m): Lowest APY in the last 237 days.
Draw-down from High: How far today sits below the 8-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.

More Comparisons

Compare CIT Bank's APY of 3.85% with other banks

Bank Pair	Competitor APY	Min Deposit
CIT Bank vs Ally Bank	3.40%	$0
CIT Bank vs American Express	3.50%	$0
CIT Bank vs Axos Bank	4.51%	$0
CIT Bank vs Bank of America	0.01%	$100
CIT Bank vs Barclays	4.10%	$0
CIT Bank vs Bask Bank	4.05%	$0
CIT Bank vs BrioDirect	4.20%	$5,000
CIT Bank vs Capital One	3.40%	$0
CIT Bank vs Chase Bank	0.01%	$0
CIT Bank vs Chime	3.50%	$0
CIT Bank vs Citizens Access™	3.50%	$0.01
CIT Bank vs Discover Bank	3.40%	$0
CIT Bank vs Elevault	4.34%	$0
CIT Bank vs EverBank	4.05%	$0
CIT Bank vs Fitness Bank	4.75%	$100
CIT Bank vs FNBO Direct	3.00%	$1
CIT Bank vs FVCbank	4.10%	$500
CIT Bank vs GO2bank	4.50%	$0
CIT Bank vs LendingClub	4.20%	$0
CIT Bank vs Marcus by Goldman Sachs	3.65%	$0
CIT Bank vs Newtek Bank	4.35%	$0
CIT Bank vs Peak Bank	4.20%	$100
CIT Bank vs Pibank	4.60%	$0
CIT Bank vs Presidential Bank	4.50%	$5,000
CIT Bank vs Santander Bank	0.01%	$25
CIT Bank vs SoFi Bank	4.50%	$0
CIT Bank vs Synchrony Bank	3.80%	$0
CIT Bank vs TIMBR	4.40%	$1,000
CIT Bank vs UFB Direct	3.96%	$5000
CIT Bank vs Valley Direct	4.10%	$1,000
CIT Bank vs Varo Bank	5.00%	$0
CIT Bank vs Wells Fargo	0.05%	$25
CIT Bank vs Zynlo Bank	4.20%	$10

Compare Neighbors Bank's APY of 4.50% with other banks

Bank Pair	Competitor APY	Min Deposit
Neighbors Bank vs Ally Bank	3.40%	$0
Neighbors Bank vs American Express	3.50%	$0
Neighbors Bank vs Axos Bank	4.51%	$0
Neighbors Bank vs Bank of America	0.01%	$100
Neighbors Bank vs Barclays	4.10%	$0
Neighbors Bank vs Bask Bank	4.05%	$0
Neighbors Bank vs BrioDirect	4.20%	$5,000
Neighbors Bank vs Capital One	3.40%	$0
Neighbors Bank vs Chase Bank	0.01%	$0
Neighbors Bank vs Chime	3.50%	$0
Neighbors Bank vs Citizens Access™	3.50%	$0.01
Neighbors Bank vs Discover Bank	3.40%	$0
Neighbors Bank vs Elevault	4.34%	$0
Neighbors Bank vs EverBank	4.05%	$0
Neighbors Bank vs Fitness Bank	4.75%	$100
Neighbors Bank vs FNBO Direct	3.00%	$1
Neighbors Bank vs FVCbank	4.10%	$500
Neighbors Bank vs GO2bank	4.50%	$0
Neighbors Bank vs LendingClub	4.20%	$0
Neighbors Bank vs Marcus by Goldman Sachs	3.65%	$0
Neighbors Bank vs Newtek Bank	4.35%	$0
Neighbors Bank vs Peak Bank	4.20%	$100
Neighbors Bank vs Pibank	4.60%	$0
Neighbors Bank vs Presidential Bank	4.50%	$5,000
Neighbors Bank vs Santander Bank	0.01%	$25
Neighbors Bank vs SoFi Bank	4.50%	$0
Neighbors Bank vs Synchrony Bank	3.80%	$0
Neighbors Bank vs TIMBR	4.40%	$1,000
Neighbors Bank vs UFB Direct	3.96%	$5000
Neighbors Bank vs Valley Direct	4.10%	$1,000
Neighbors Bank vs Varo Bank	5.00%	$0
Neighbors Bank vs Wells Fargo	0.05%	$25
Neighbors Bank vs Zynlo Bank	4.20%	$10