CIT Bank vs. TD Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | CIT BankPlatinum Savings Jan 21, 2026 | TD BankTD Signature Savings Jan 21, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 0.05% - 2.36% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$3 $10,000+$5 $25,000+$13 |
Min Deposit | $100 | $0 |
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%. | This is a tiered savings account where rates may vary on location and whether you're eligible for the Bump Rate. 2.36% is available when you link an eligible TD account and have a minimum balance of $100,000. Otherwise 0.05% is the maximum APY. |
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedChecking 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.
As of CIT Bank offers an APY of 3.75% for its Platinum Savings account, with a minimum balance of $5,000, compared to TD Bank's 2.36% APY for its TD Signature Savings account, with a minimum balance of $100,000.
CIT Bank pays $370 more than TD Bank on a $10,000 balance after one year. CIT Bank pays $375, while TD Bank pays $5 (with an effective APY of 0.05%) - an APY advantage for CIT Bank.
In addition, CIT Bank also offers 3.65% APY for the Savings Connect account, with a minimum balance of $0.
Why CIT Bank?
- ✓Higher potential APY (3.65%-3.75% vs 2.36%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.6 vs 4.1)
- ✓Offers 2 different high-yield savings options
Why TD Bank?
- ✓Physical branch access (Multiple branches in CT, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA, DC)
— Key Feature Differences —
Better Returns at $10,000
CIT BankCIT Bank's Platinum Savings earns more on smaller deposits (approx. $375 vs $5/yr).
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $13/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 $370 more interest on a $10,000 balance than TD Bank's TD Signature Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
CIT Bank offers a competitive savings option with its Platinum Savings account, providing a 3.75% APY for balances of $5,000 or more, while lower balances earn only 0.25%. For those seeking simplicity, the Savings Connect account yields a solid 3.65% APY with no minimum balance or direct deposit requirements. In contrast, TD Bank's Signature Savings account offers a maximum APY of 2.36%, contingent on linking an eligible TD account and maintaining a minimum balance of $100,000, with lower balances earning just 0.05%. Overall, CIT Bank's products present significantly higher returns compared to TD Bank.
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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CIT Bank vs. TD Bank Savings Calculator
You earn $370 more with CIT Bank than TD 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
TD Bank
TD Signature Savings
Higher APY requires $100,000
Savings Breakdown
- Interest Earned+$5.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,005.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | CIT Bank | TD Bank |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 1/21/2026 ↘︎ 0.10%90d Change | 2.36% Range: 0.05% - 2.36% Verified: 1/21/2026 ↘︎ 0.39%90d Change |
| Product Name | Platinum Savings | TD Signature Savings |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $5,000 | $100,000 |
| Monthly Fee | $0 | $10. Waived under some circumstances. |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.8 Android4.6 | iOS4.8 Android4.1 |
| Zelle® Support | Available Supported for eChecking users post-First Citizens merger. | Available Limit: $1,000/dayLimits increase for established or Private Client accounts. |
| BBB Rating | A- | Not Rated |
| 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%. | This is a tiered savings account where rates may vary on location and whether you're eligible for the Bump Rate. 2.36% is available when you link an eligible TD account and have a minimum balance of $100,000. Otherwise 0.05% is the maximum APY. |
| Next Steps | Visit SiteGo to CIT Bank * Secure link to our partner | Visit SiteVerify at TD Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | TD Bank | |
|---|---|---|---|
| Savings Connect | Platinum Savings | TD Signature Savings | |
Current APY | 3.65% | 3.75% | 2.36% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.7 | -4.9 | -8.5 |
Days Since Change | 63 | 63 | 6 |
12-Month High | 4.00% | 4.35% | 3.70% |
12-Month Low | 3.65% | 3.75% | 2.36% |
Adjustments / Mo | 0.25 | 0.42 | 0.50 |
Volatility Score | 0.036 | 0.045 | 0.099 |
How to read these metrics(Click to expand)
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