CIT Bank vs. Synchrony 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
Synchrony Bank
High Yield Savings
3.65%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Synchrony Bank
High Yield 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. Synchrony Bank
Why CIT Bank?
- ✓Offers 2 different high-yield savings options
Why Synchrony Bank?
No distinct advantages found vs CIT Bank.
— Key Feature Differences —
Better Returns at $10,000
CIT BankCIT Bank's Platinum Savings earns more on smaller deposits (approx. $375 vs $365/yr).
Shared Benefits
Over a 1-year period, CIT Bank's Platinum Savings pays $10 more interest on a $10,000 balance than Synchrony Bank's High Yield Savings.
Executive Summary
CIT Bank offers a competitive Platinum Savings account with an APY of 3.75%, making it the highest-yielding option compared to Synchrony Bank's High Yield Savings account, which provides a lower APY of 3.65%. Both accounts are online-only and have no maintenance fees, with CIT Bank's account requiring a minimum deposit of $100 and a minimum balance of $5,000 to earn the top rate. In contrast, Synchrony Bank has no minimum deposit or balance requirements. Overall, CIT Bank's Platinum Savings account stands out for those looking to maximize returns on their savings.
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 Synchrony Bank.
| Feature | CIT Bank | Synchrony Bank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 3.65% Verified: 12/6/2025 ↘︎ 0.15%90d Change |
| Product Name | Platinum Savings | High Yield Savings |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $5,000 | $0 |
| 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 Android4.3 | iOS4.8 Android4.5 |
| BBB Rating | A- | Not Rated |
| Next Steps |
Savings Comparison
CIT Bank earns $64.1 more than Synchrony 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
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$2,209.70(10.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,209.70
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 | Synchrony Bank | |
|---|---|---|---|
| Savings Connect | Platinum Savings | High Yield Savings | |
Current APY | 3.65% | 3.75% | 3.65% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.3 | -5.0 | -3.4 |
Days Since Change | 16 | 16 | 18 |
10-Month High | 4.00% | 4.35% | 4.10% |
10-Month Low | 3.65% | 3.75% | 3.65% |
Adjustments / Mo | 0.28 | 0.47 | 0.28 |
Volatility Score | 0.030 | 0.041 | 0.031 |
How to read these metrics(Click to expand)
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