CIT Bank vs. Peak Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | CIT BankPlatinum Savings Jan 21, 2026 | Peak BankEnvision High Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 3.99% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$200 $10,000+$399 $25,000+$998 |
Min Deposit | $100 | $100 |
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® Supported | FDIC InsuredLow MinimumsGreat iOS AppGreat Android App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
As of CIT Bank offers an APY of 3.75% for its Platinum Savings account, with a minimum balance of $5,000, compared to Peak Bank's 3.99% APY for its Envision High Yield Savings account, with a minimum balance of .
Peak Bank pays $24 more than CIT Bank on a $10,000 balance after one year. CIT Bank pays $375, while Peak Bank pays $399 - an APY advantage for Peak Bank.
In addition, CIT Bank also offers 3.65% APY for the Savings Connect account, with a minimum balance of $0.
Why CIT Bank?
- ✓Offers 2 different high-yield savings options
- ✓Fast transfers via Zelle®
Why Peak Bank?
- ✓Higher potential APY (3.99% vs 3.65%-3.75%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Peak BankPeak Bank's Envision High Yield Savings earns more on smaller deposits (approx. $399 vs $375/yr).
Better Returns at $25,000
Peak BankPeak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $998 vs $938/yr).
Best for Simplicity
Peak BankPeak Bank's Envision High Yield Savings offers 3.99% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Peak Bank's Envision High Yield Savings pays $24 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.
Executive Summary as of
Peak Bank offers a competitive Envision High Yield Savings account with a notable APY of 3.99%, making it the winner between the two banks. This account requires a minimum deposit of $100 and has no maintenance fees, providing better returns compared to CIT Bank's highest yielding Platinum Savings account at 3.75%, which requires a $5,000 minimum balance to earn that rate. Both accounts are online-only, and neither requires direct deposit. For those looking for simplicity and higher yields, Peak Bank's offering stands out.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
CIT Bank vs. Peak Bank Savings Calculator
You earn $24 more with Peak 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
Peak Bank
Envision High Yield Savings
Savings Breakdown
- Interest Earned+$399.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,399.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | CIT Bank | Peak Bank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 1/21/2026 ↘︎ 0.10%90d Change | 3.99% Verified: 1/21/2026 ↘︎ 0.21%90d Change |
| Product Name | Platinum Savings | Envision High Yield Savings |
| Minimum Deposit | $100 | $100 |
| Min. Balance for APY | $5,000 | N/A |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.8 Android4.6 |
| 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%. | - |
| Next Steps | Visit SiteGo to CIT Bank * Secure link to our partner | Visit SiteVerify at Peak Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | Peak Bank | |
|---|---|---|---|
| Savings Connect | Platinum Savings | Envision High Yield Savings | |
Current APY | 3.65% | 3.75% | 3.99% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.9 | -4.7 | -4.3 |
Days Since Change | 62 | 62 | 20 |
11-Month High | 4.00% | 4.30% | 4.54% |
11-Month Low | 3.65% | 3.75% | 3.99% |
Adjustments / Mo | 0.26 | 0.35 | 0.62 |
Volatility Score | 0.036 | 0.042 | 0.037 |
How to read these metrics(Click to expand)
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