CIT Bank vs. TIMBR
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
TIMBR
Premium Savings Account
4.40%APYDec 6, 2025FDIC InsuredLow MinimumsShow Fine Print & Trends Hide Details
TIMBR
Premium Savings Account
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.
Comparison Analysis
Comparing CIT Bank vs. TIMBR
Why CIT Bank?
- ✓Higher rated iOS app (4.8 vs 0.0)
- ✓Higher rated Android app (4.3 vs 0.0)
- ✓Offers 2 different high-yield savings options
Why TIMBR?
- ✓Higher potential APY (4.40% 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. $440 vs $375/yr).
Better Returns at $25,000
TIMBRTIMBR's Premium Savings Account pulls ahead with larger amounts (approx. $1100 vs $938/yr).
Best for Simplicity
TIMBRTIMBR's Premium Savings Account offers 4.40% 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 4.3 (vs. 0.0)
Shared Benefits
Over a 1-year period, TIMBR's Premium Savings Account pays $65 more interest on a $10,000 balance than CIT Bank's Platinum Savings.
Executive Summary
CIT Bank offers a Platinum Savings account with a competitive 3.75% APY, requiring a minimum deposit of $100 and a balance of $5,000, while also providing a Savings Connect account at 3.65% APY with no minimum balance. Both accounts are online-only and have no maintenance fees. In contrast, TIMBR's Premium Savings Account stands out with a higher APY of 4.40%, requiring a minimum deposit of $1,000 but no minimum balance. This account also has no direct deposit requirement or maintenance fees, making it a strong option for those seeking simplicity and better returns. Overall, TIMBR is the winner based on the highest APY.
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.
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See who beats both CIT Bank and TIMBR.
| Feature | CIT Bank | TIMBR |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 4.40% Verified: 12/6/2025 Stable (90d) |
| 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 Android4.3 | iOS- Android- |
| BBB Rating | A- | A+ |
| Next Steps |
Savings Comparison
TIMBR earns $420.9 more than CIT 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
TIMBR
Premium Savings Account
Savings Breakdown
- Interest Earned+$2,694.70(13.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,694.70
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 | TIMBR | |
|---|---|---|---|
| Savings Connect | Platinum Savings | Premium Savings Account | |
Current APY | 3.65% | 3.75% | 4.40% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.7 | -4.7 | -1.3 |
Days Since Change | 16 | 16 | 236 |
10-Month High | 4.00% | 4.30% | 4.55% |
10-Month Low | 3.65% | 3.75% | 4.40% |
Adjustments / Mo | 0.31 | 0.41 | 0.10 |
Volatility Score | 0.030 | 0.037 | 0.013 |
How to read these metrics(Click to expand)
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