CIT Bank vs. Santander Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
CIT Bank
Platinum Savings
Up to3.75%APYDec 6, 2025FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppRange: 0.25% – 3.75%Show Fine Print & Trends Hide Details
CIT Bank
Platinum Savings
Santander Bank
Santander Savings
0.01%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Santander Bank
Santander Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Comparison Analysis
Comparing CIT Bank vs. Santander Bank
Why CIT Bank?
- ✓Higher potential APY (3.65%-3.75% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓Offers 2 different high-yield savings options
Why Santander Bank?
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
— Key Feature Differences —
Better Returns at $10,000
CIT BankCIT Bank's Platinum Savings earns more on smaller deposits (approx. $375 vs $1/yr).
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $3/yr).
Best for Simplicity
CIT BankCIT Bank's Savings Connect offers 3.65% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, CIT Bank's Platinum Savings pays $374 more interest on a $10,000 balance than Santander Bank's Santander Savings.
Executive Summary
CIT Bank offers a superior savings option with its Platinum Savings account, providing a competitive APY of 3.75% on deposits, significantly outpacing Santander Bank's Santander Savings account, which yields only 0.01%. The Platinum Savings account requires a minimum deposit of $100 and a balance of $5,000, while also being online-only. For those seeking simplicity, CIT Bank's Savings Connect offers a slightly lower APY of 3.65% with no minimum balance requirement. In contrast, Santander's savings option has a maintenance fee of $1 and a minimum deposit of $25, making it less appealing for higher returns.
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.
Top Market Contenders
See who beats both CIT Bank and Santander Bank.
| Feature | CIT Bank | Santander Bank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 0.01% Verified: 12/6/2025 ↘︎ 0.02%90d Change |
| Product Name | Platinum Savings | Santander Savings |
| Minimum Deposit | $100 | $25 |
| Min. Balance for APY | $5,000 | $0 |
| Monthly Fee | $0 | $1 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.3 | iOS4.8 Android4.0 |
| BBB Rating | A- | Not Rated |
| Next Steps |
Savings Comparison
CIT Bank earns $2,268.1 more than Santander Bank.
CIT Bank
Platinum Savings
Savings Breakdown
- Interest Earned+$2,273.80(11.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,273.80
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | Santander Bank | |
|---|---|---|---|
| Savings Connect | Platinum Savings | Santander Savings | |
Current APY | 3.65% | 3.75% | 0.01% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.3 | -5.0 | -0.2 |
Days Since Change | 16 | 16 | 78 |
10-Month High | 4.00% | 4.35% | 0.03% |
10-Month Low | 3.65% | 3.75% | 0.01% |
Adjustments / Mo | 0.28 | 0.47 | 0.09 |
Volatility Score | 0.030 | 0.041 | 0.375 |
How to read these metrics(Click to expand)
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