High-Yield Savings Account Comparison

CIT Bank vs. Peak Bank

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl
Updated December 6, 2025
Advertising Disclosure: We may earn a commission from partner links.

CIT Bank

Platinum Savings

Up to
3.75%
APY
Dec 6, 2025
FDIC InsuredMod. MinimumGreat iOS AppGreat Android App
Range: 0.25% – 3.75%
Show Fine Print & Trends
Min. Deposit$100
Min. Balance$5,000
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 11063)
EligibilityUnited States
Mobile Ratings
iOS:4.8Android:4.3
BBB Rating
A-(Not BBB Accredited (Information provided is for First Citizens Bank & Trust Company))

Rate Stability

30 days
↘︎ 0.10%
90 days
↘︎ 0.25%
Read Bank Overview

Peak Bank

Envision High Yield Savings

4.20%
APY
Dec 6, 2025
FDIC InsuredLow MinimumsGreat iOS AppGreat Android App
Show Fine Print & Trends
Min. Deposit$100
Min. Balance$0
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 58095)
EligibilityUnited States
Mobile Ratings
iOS:4.8Android:4.6
BBB Rating
A+(Not BBB Accredited)

Rate Stability

Rate Adjusted
-0.15%
Since 90 days ago
Read Bank Overview

Prefer In-Person Banking?

Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.

Find Branch Access

Comparison Analysis

Comparing CIT Bank vs. Peak Bank

Updated: Dec 6, 2025

Why CIT Bank?

  • ✓Offers 2 different high-yield savings options

Why Peak Bank?

  • ✓Higher potential APY (4.20% vs 3.65%-3.75%) on all balances
  • ✓Higher rated Android app (4.6 vs 4.3)

— Key Feature Differences —

Better Returns at $10,000
Peak Bank

Peak Bank's Envision High Yield Savings earns more on smaller deposits (approx. $420 vs $375/yr).

Better Returns at $25,000
Peak Bank

Peak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $938/yr).

Best for Simplicity
Peak Bank

Peak Bank's Envision High Yield Savings offers 4.20% APY with no bundling, direct deposit requirement or caps.

Shared Benefits

Both offer monthly maintenance-free account options Available Nationwide Available to New & Existing Customers
The Bottom Line

Over a 1-year period, Peak Bank's Envision High Yield Savings pays $45 more interest on a $10,000 balance than CIT Bank's Platinum Savings.

CIT BankPeak Bank
Automated Data Audit

Executive Summary

Peak Bank offers a competitive Envision High Yield Savings account with an APY of 4.20%, making it the standout choice for savers looking for higher returns without any bundling or direct deposit requirements. In contrast, CIT Bank's Platinum Savings account provides a lower APY of 3.75%, though it also has no maintenance fees and requires a minimum deposit of $100 and a balance of $5,000 to avoid fees. Both banks operate online only, catering to those who prefer digital banking solutions.

Analysis generated based on current Banksparency database records

* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.

ExploreCIT BankExplorePeak Bank

Top Market Contenders

See who beats both CIT Bank and Peak Bank.

Compare All High-Yield Savings Accounts
Pibank
Pibank Savings
FDIC InsuredNo Minimums
4.60% APY
+0.40% vs Peak Bank
Better Rate
Pibank vs CIT BankPibank vs Peak Bank
Neighbors Bank
Neighbors Savings Account
FDIC InsuredNo MinimumsGreat Android App
4.50% APY
+0.30% vs Peak Bank
Better Rate
Neighbors Bank vs CIT BankNeighbors Bank vs Peak Bank
Axos Bank
Axos ONE
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
4.31% APY
+0.11% vs Peak Bank
Better Rate
Axos Bank vs CIT BankAxos Bank vs Peak Bank
FeatureCIT BankPeak Bank
APY
3.75%
Range: 0.25% - 3.75%
Verified: 12/6/2025
↘︎ 0.25%90d Change
4.20%
Verified: 12/6/2025
↘︎ 0.15%90d Change
Product NamePlatinum SavingsEnvision High Yield Savings
Minimum Deposit$100$100
Min. Balance for APY$5,000N/A
Monthly Fee$0$0
Branch AccessNoneNone
Account Type
Online Only
Online Only
Direct Deposit Req.NoneNone
Checking BundleNoNo
Mobile Apps
iOS4.8
Android4.3
iOS4.8
Android4.6
BBB RatingA-A+
Next Steps
- View Details
- View Details

Savings Comparison

Calculations based on current APY.
$
$

Peak Bank earns $290.5 more than CIT Bank.

CIT Bank

Platinum Savings

3.75% APY

Savings Breakdown

  • Interest Earned
    +$2,273.80(11.2%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,273.80

Effective APY
3.75%
View Details

Peak Bank

Envision High Yield Savings

4.20% APY

Savings Breakdown

  • Interest Earned
    +$2,564.30(12.5%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,564.30

Effective APY
4.20%
View Details

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

📈 Compare Savings Rates Over Time

Historical Performance

Last 10 Months Analysis
MetricCIT BankPeak Bank
Savings ConnectPlatinum SavingsEnvision High Yield Savings
Current APY
3.65%3.75%4.20%
Trend
 Stable Stable Stable
Velocity (bps/mo)
-3.6-4.8-3.7
Days Since Change
161666
10-Month High
4.00%4.30%4.54%
10-Month Low
3.65%3.75%4.20%
Adjustments / Mo
0.310.410.41
Volatility Score
0.0300.0370.028
How to read these metrics(Click to expand)

Trends & Velocity

  • Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
  • Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
  • Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

  • High/Low: The absolute ceiling and floor of the rate during the 295-day window.
  • Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
  • Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Compare Similar High-Yield Accounts

Compare CIT Bank vs...

Comparing against Standard Savings

vs CIT Bank
PibankNo Bundle Req
4.60%
APY
vs CIT Bank
Neighbors BankNo Bundle Req
4.50%
APY
vs CIT Bank
TIMBRNo Bundle Req
4.40%
APY

Compare Peak Bank vs...

Comparing against Standard Savings

vs Peak Bank
PibankNo Bundle Req
4.60%
APY
vs Peak Bank
Neighbors BankNo Bundle Req
4.50%
APY
vs Peak Bank
TIMBRNo Bundle Req
4.40%
APY

Higher Rates (With Checking)

Looking for something different? Check out these top-rated alternatives.

Checking Bundle
Axos Bank View Details
4.31%
APY
Checking Bundle
SoFi Bank View Details
4.30%
APY
Checking Bundle
Presidential Bank View Details
4.00%
APY

More Comparisons

Compare CIT Bank's APY of 3.75% with other banks
Bank PairCompetitor APYMin Deposit
CIT Bank vs Ally Bank3.30%$0
CIT Bank vs American Express3.40%$0
CIT Bank vs Axos Bank4.31%$0
CIT Bank vs Bank of America0.01%$100
CIT Bank vs Barclays4.00%$0
CIT Bank vs Bask Bank3.90%$0
CIT Bank vs BMO Alto3.25%$0
CIT Bank vs BrioDirect4.00%$5,000
CIT Bank vs Capital One3.40%$0
CIT Bank vs Chase Bank0.01%$0
CIT Bank vs Chime3.50%$0
CIT Bank vs Citibank3.30%$0
CIT Bank vs Citizens Access™3.35%$0.01
CIT Bank vs Climate First Bank4.21%$50
CIT Bank vs Discover Bank3.40%$0
CIT Bank vs Elevault4.08%$0
CIT Bank vs EverBank4.05%$0
CIT Bank vs Fitness Bank4.75%$100
CIT Bank vs FNBO Direct3.00%$1
CIT Bank vs Forbright Bank4.00%$0
CIT Bank vs FVCbank3.85%$500
CIT Bank vs GO2bank4.50%$0
CIT Bank vs Ivy Bank4.25%$2,500
CIT Bank vs LendingClub4.20%$0
CIT Bank vs Marcus by Goldman Sachs3.65%$0
CIT Bank vs Neighbors Bank4.50%$0
CIT Bank vs Newtek Bank4.35%$0.01
CIT Bank vs Openbank4.20%$500
CIT Bank vs Pibank4.60%$0
CIT Bank vs PNC3.53%$0
CIT Bank vs Presidential Bank4.00%$5,000
CIT Bank vs Quontic Bank3.75%$100
CIT Bank vs Salem Five Direct3.71%$10
CIT Bank vs Santander Bank0.01%$25
CIT Bank vs SoFi Bank4.30%$0
CIT Bank vs Synchrony Bank3.65%$0
CIT Bank vs TIMBR4.40%$1,000
CIT Bank vs UFB Direct3.71%$5000
CIT Bank vs Valley Direct4.10%$1,000
CIT Bank vs Varo Bank5.00%$0
CIT Bank vs Vio Bank4.16%$100
CIT Bank vs Wealthfront4.15%$0
CIT Bank vs Wells Fargo0.05%$25
CIT Bank vs Zynlo Bank4.05%$10
Compare Peak Bank's APY of 4.20% with other banks
Bank PairCompetitor APYMin Deposit
Peak Bank vs Ally Bank3.30%$0
Peak Bank vs American Express3.40%$0
Peak Bank vs Axos Bank4.31%$0
Peak Bank vs Bank of America0.01%$100
Peak Bank vs Barclays4.00%$0
Peak Bank vs Bask Bank3.90%$0
Peak Bank vs BMO Alto3.25%$0
Peak Bank vs BrioDirect4.00%$5,000
Peak Bank vs Capital One3.40%$0
Peak Bank vs Chase Bank0.01%$0
Peak Bank vs Chime3.50%$0
Peak Bank vs Citibank3.30%$0
Peak Bank vs Citizens Access™3.35%$0.01
Peak Bank vs Climate First Bank4.21%$50
Peak Bank vs Discover Bank3.40%$0
Peak Bank vs Elevault4.08%$0
Peak Bank vs EverBank4.05%$0
Peak Bank vs Fitness Bank4.75%$100
Peak Bank vs FNBO Direct3.00%$1
Peak Bank vs Forbright Bank4.00%$0
Peak Bank vs FVCbank3.85%$500
Peak Bank vs GO2bank4.50%$0
Peak Bank vs Ivy Bank4.25%$2,500
Peak Bank vs LendingClub4.20%$0
Peak Bank vs Marcus by Goldman Sachs3.65%$0
Peak Bank vs Neighbors Bank4.50%$0
Peak Bank vs Newtek Bank4.35%$0.01
Peak Bank vs Openbank4.20%$500
Peak Bank vs Pibank4.60%$0
Peak Bank vs PNC3.53%$0
Peak Bank vs Presidential Bank4.00%$5,000
Peak Bank vs Quontic Bank3.75%$100
Peak Bank vs Salem Five Direct3.71%$10
Peak Bank vs Santander Bank0.01%$25
Peak Bank vs SoFi Bank4.30%$0
Peak Bank vs Synchrony Bank3.65%$0
Peak Bank vs TIMBR4.40%$1,000
Peak Bank vs UFB Direct3.71%$5000
Peak Bank vs Valley Direct4.10%$1,000
Peak Bank vs Varo Bank5.00%$0
Peak Bank vs Vio Bank4.16%$100
Peak Bank vs Wealthfront4.15%$0
Peak Bank vs Wells Fargo0.05%$25
Peak Bank vs Zynlo Bank4.05%$10