Cit Bank vs. Presidential Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of CIT Bank vs. Presidential Bank
Key Metrics at a Glance
| Feature | CIT Bank | Presidential Bank |
|---|---|---|
| Top Savings APY | 3.85% Platinum Savings | 4.25% Advantage Savings |
| Minimum to Open | $100 | $5,000 |
| Minimum Balance for Top APY | $5,000 | N/A |
CIT Bank
Strengths
- CIT Bank's Platinum Savings offers a competitive APY of 3.85%.
- CIT Bank has no maintenance fees for its accounts.
- CIT Bank has a high App Store rating of 4.8.
Potential Drawbacks
- CIT Bank has no physical branches for in-person banking.
- CIT Bank's APY has not changed in the last 30 days.
- CIT Bank requires a $5,000 minimum balance for its Platinum Savings.
Presidential Bank
Strengths
- Presidential Bank offers a higher APY of 4.25% for its Advantage Savings.
- Presidential Bank has 10 physical branches for customer convenience.
- Presidential Bank has no maintenance fees for its accounts.
Potential Drawbacks
- Presidential Bank's APY decreased from 4.50% over the last 30 days.
- Presidential Bank requires a $5,000 minimum deposit to open an account.
- Presidential Bank requires a monthly direct deposit to earn the higher APY.
→ As of November 12, 2025 CIT Bank offers an APY of 3.85% for its Platinum Savings account, with a minimum balance of $5,000, compared to Presidential Bank's 4.25% APY for its Advantage Savings account, with a minimum balance of N/A.
→ Presidential Bank yields $40 more than CIT Bank on a $10,000 balance after one year. CIT Bank pays $385, while Presidential Bank pays $425 - an APY advantage for Presidential Bank.
→ In addition, CIT Bank also offers 3.75% APY for the Savings Connect account.
Calculate Savings Growth for CIT Bank vs Presidential Bank
CIT Bank - Platinum Savings
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
Total balance: $20,338
Earnings: $2,338
Bank OverviewPresidential Bank - Advantage Savings
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, CIT Bank's total earnings would be $258.8 lower than Presidential 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 Presidential Bank's Savings Accounts
| CIT Bank | Presidential Bank | |||
|---|---|---|---|---|
| Product | Platinum Savings | Savings Connect | vs | Advantage Savings |
| APY | 0.25% - 3.85% (as of 11/12/2025) | 3.75% (as of 11/12/2025) | 3.75% - 4.25% (as of 11/12/2025) | |
| Bundled Account | No | No | Yes | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | No | |
| Compound Frequency | Daily | Daily | Monthly | |
| Minimum Deposit | $100 | $100 | $5,000 | |
| Minimum Balance for APY | $5,000 | $0 | N/A | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. | |
| App Store Rating | 4.8/5 | 4.8/5 | ||
| Google Play Rating | 4.3/5 | 4.1/5 | ||
| BBB Rating | A- | A- | ||
Comparative Historical APY Insights (Last 11 Months)
| CIT Bank | Presidential Bank | |||
|---|---|---|---|---|
| Product | Savings Connect | Platinum Savings | vs | Advantage Savings |
| Latest APY | 3.75 % | 3.85 % | 4.25 % | |
| Trend | Sideways | Falling | Sideways | |
| Slope (bps/mo) | -2.8 | -5.0 | -0.4 | |
| Rate Changes / Mo | 0.18 | 0.45 | 0.09 | |
| Days Since Last Change | 51 | 51 | 7 | |
| High (-11 m) | 4.00 % | 4.55 % | 4.50 % | |
| Low (-11 m) | 3.75 % | 3.85 % | 4.25 % | |
| Draw-down from High | -6.3 % | -15.4 % | -5.6 % | |
| Volatility (CV) | 0.024 | 0.040 | 0.010 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 11 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 (-11 m)
- Highest APY in the last 330 days.
- Low (-11 m)
- Lowest APY in the last 330 days.
- Draw-down from High
- How far today sits below the 11-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.