CIT Bank vs. TIMBR
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | CIT BankPlatinum Savings Jan 21, 2026 | TIMBRPremium Savings Account Jan 21, 2026 |
|---|---|---|
| APY | 0.25% - 3.75% | 4.15% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$208 $10,000+$415 $25,000+$1,038 |
Min Deposit | $100 | $1,000 |
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 InsuredLow Minimums |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
As of CIT Bank offers an APY of 3.75% for its Platinum Savings account, with a minimum balance of $5,000, compared to TIMBR's 4.15% APY for its Premium Savings Account, with a minimum balance of $0.
TIMBR pays $40 more than CIT Bank on a $10,000 balance after one year. CIT Bank pays $375, while TIMBR pays $415 - an APY advantage for TIMBR.
In addition, CIT Bank also offers 3.65% APY for the Savings Connect account, with a minimum balance of $0.
Why CIT Bank?
- ✓Higher rated iOS app (4.8 vs 0.0)
- ✓Higher rated Android app (4.6 vs 0.0)
- ✓Offers 2 different high-yield savings options
- ✓Fast transfers via Zelle®
Why TIMBR?
- ✓Higher potential APY (4.15% vs 3.65%-3.75%) on all balances
— Key Feature Differences —
Better Returns at $10,000
TIMBRTIMBR's Premium Savings Account earns more on smaller deposits (approx. $415 vs $375/yr).
Better Returns at $25,000
TIMBRTIMBR's Premium Savings Account pulls ahead with larger amounts (approx. $1038 vs $938/yr).
Best for Simplicity
TIMBRTIMBR's Premium Savings Account offers 4.15% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
CIT BankCIT Bank offers an iOS app rated 4.8 (vs. 0.0) and Android app rated 4.6 (vs. 0.0)
Shared Benefits
Over a 1-year period, TIMBR's Premium Savings Account pays $40 more interest on a $10,000 balance than CIT Bank's Platinum Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
TIMBR offers a Premium Savings Account with a competitive APY of 4.15%, making it the standout choice between the two banks. This account requires a minimum deposit of $1,000 but has no maintenance fees and does not necessitate direct deposit. In contrast, CIT Bank's highest-yielding product, the Platinum Savings Account, provides an APY of 3.75%, contingent upon maintaining a balance of $5,000, with lower balances earning only 0.25%. Both banks operate online-only and have no maintenance fees, but TIMBR's higher APY and simpler requirements make it the more attractive option for savers.
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. TIMBR Savings Calculator
You earn $40 more with TIMBR than CIT 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
TIMBR
Premium Savings Account
Savings Breakdown
- Interest Earned+$415.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,415.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | CIT Bank | TIMBR |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 1/21/2026 ↘︎ 0.10%90d Change | 4.15% Verified: 1/21/2026 ↘︎ 0.25%90d Change |
| Product Name | Platinum Savings | Premium Savings Account |
| Minimum Deposit | $100 | $1,000 |
| 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 Android4.6 | iOS- Android- |
| Zelle® Support | Available Supported for eChecking users post-First Citizens merger. | Not Supported |
| 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 TIMBR Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | TIMBR | |
|---|---|---|---|
| Savings Connect | Platinum Savings | Premium Savings Account | |
Current APY | 3.65% | 3.75% | 4.15% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.9 | -4.7 | -1.6 |
Days Since Change | 62 | 62 | 13 |
11-Month High | 4.00% | 4.30% | 4.55% |
11-Month Low | 3.65% | 3.75% | 4.15% |
Adjustments / Mo | 0.27 | 0.36 | 0.18 |
Volatility Score | 0.036 | 0.041 | 0.018 |
How to read these metrics(Click to expand)
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