CIT Bank vs. Presidential Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | CIT BankPlatinum Savings Jan 21, 2026 | Presidential BankAdvantage Savings Jan 21, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 3.25% - 3.75% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$188 $10,000+$375 $25,000+$938 |
Min Deposit | $100 | $5,000 |
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® Supported | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDirect Deposit ReqChecking Bundle |
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.
Comparison Analysis
Comparing CIT Bank vs. Presidential Bank
As of both CIT Bank (Platinum Savings) and Presidential Bank (Advantage Savings) offer an APY of 3.75% .
Both banks yield $375 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.
In addition, CIT Bank also offers 3.65% APY for the Savings Connect account, with a minimum balance of $0.
Why CIT Bank?
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.6 vs 4.2)
- ✓Offers 2 different high-yield savings options
Why Presidential Bank?
- ✓Physical branch access (10 locations in Maryland, Virginia and Washington D.C.)
— Key Feature Differences —
Best for Simplicity
CIT BankCIT Bank's Savings Connect offers 3.65% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Executive Summary as of
CIT Bank's Savings Connect account offers a competitive APY of 3.65% with no direct deposit requirement, making it an attractive option for those seeking simplicity. In contrast, Presidential Bank's Advantage Savings account provides a slightly higher APY of 3.75%, but it requires a monthly direct deposit of $500 into an Advantage Checking Account. While both accounts have no maintenance fees, CIT Bank's offering is online-only, whereas Presidential Bank has physical branch access. For those who can meet the direct deposit requirement, the Advantage Savings account may be preferable; otherwise, CIT Bank's Savings Connect is a solid alternative.
The analysis is based on current Banksparency database records
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Top Market Contenders
CIT Bank vs. Presidential Bank Savings Calculator
Both accounts earn exactly the same amount.
CIT Bank
Platinum Savings
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
Presidential Bank
Advantage Savings
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | CIT Bank | Presidential Bank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 1/21/2026 ↘︎ 0.10%90d Change | 3.75% Range: 3.25% - 3.75% Verified: 1/21/2026 ↘︎ 0.75%90d Change |
| Product Name | Platinum Savings | Advantage Savings |
| Minimum Deposit | $100 | $5,000 |
| Min. Balance for APY | $5,000 | N/A |
| Monthly Fee | $0 | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | RequiredTo earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.8 Android4.2 |
| Zelle® Support | Available Supported for eChecking users post-First Citizens merger. | Available Native integration; Advantage Savings supports Zelle. |
| 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 Presidential Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | Presidential Bank | |
|---|---|---|---|
| Savings Connect | Platinum Savings | Advantage Savings | |
Current APY | 3.65% | 3.75% | 3.75% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.6 | -4.9 | -5.4 |
Days Since Change | 62 | 62 | 35 |
12-Month High | 4.00% | 4.35% | 4.50% |
12-Month Low | 3.65% | 3.75% | 3.75% |
Adjustments / Mo | 0.25 | 0.41 | 0.25 |
Volatility Score | 0.036 | 0.046 | 0.063 |
How to read these metrics(Click to expand)
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