Cit Bank vs. Ufb Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 2, 2025
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Summary of CIT Bank vs. UFB Direct
Key Metrics at a Glance
| Feature | CIT Bank | UFB Direct |
|---|---|---|
| Top Savings APY | 3.85% Platinum Savings | 3.71% UFB Checking and Savings Bundle |
| Minimum to Open | $100 | $5000 |
| Minimum Balance for Top APY | $5,000 | $10,000 |
| Note | The regular savings or money market APY may be boosted up to 3.71% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. See bank for full details. |
CIT Bank
Strengths
- CIT Bank offers a higher APY of 3.85% for its Platinum Savings account.
- CIT Bank has no maintenance fees for its accounts.
- CIT Bank's App Store rating is 4.8.
Potential Drawbacks
- CIT Bank is not BBB Accredited, with a rating of A-.
- CIT Bank requires a minimum balance of $5,000 for its highest APY.
- CIT Bank has no branches for in-person banking.
UFB Direct
Strengths
- UFB Direct has a higher Google Play rating of 4.5.
- UFB Direct is BBB Accredited with a rating of A+.
- UFB Direct offers a no-minimum-balance Portfolio Savings account with an APY of 3.51%.
Potential Drawbacks
- UFB Direct's highest APY of 3.71% requires direct deposits and a minimum balance of $10,000.
- UFB Direct's APY decreased from 3.96% 30 days ago.
- UFB Direct has a higher minimum deposit requirement of $5,000 for its bundle account.
→ As of November 2, 2025 CIT Bank offers an APY of 3.85% for its Platinum Savings account, with a minimum balance of $5,000, compared to UFB Direct's 3.71% APY for its UFB Checking and Savings Bundle account, with a minimum balance of $10,000.
→ CIT Bank yields $14 more than UFB Direct on a $10,000 balance after one year. CIT Bank pays $385, while UFB Direct pays $371 - an APY advantage for CIT Bank.
→ In addition, CIT Bank also offers 3.75% APY for the Savings Connect account, while UFB Direct offers 3.51% APY for the UFB Portfolio Savings account.
Calculate Savings Growth for CIT Bank vs UFB Direct
CIT Bank - Platinum Savings
Total savings breakdown:
- Interest earned: $2,338 (11.50%)
- Total contributions: $13,000 (63.92%)
- Initial deposit: $5,000 (24.58%)
Your total balance
$20,338.00
Total balance: $20,338
Earnings: $2,338
Bank OverviewUFB Direct - UFB Checking and Savings Bundle
⚠️The higher APY only applies once your balance reaches $10,000.
Total savings breakdown:
- Interest earned: $2,218.7 (10.97%)
- Total contributions: $13,000 (64.30%)
- Initial deposit: $5,000 (24.73%)
Your total balance
$20,218.70
Total balance: $20,218.7
Earnings: $2,218.7
With a $5,000 initial deposit and $13,000 in total contributions over 5 years, CIT Bank's total earnings would be $119.3 higher than UFB Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare CIT Bank's vs UFB Direct's Savings Accounts
| CIT Bank | UFB Direct | ||||
|---|---|---|---|---|---|
| Product | Platinum Savings | Savings Connect | vs | UFB Portfolio Savings | UFB Checking and Savings Bundle |
| APY | 0.25% - 3.85% (as of 11/2/2025) | 3.75% (as of 11/2/2025) | 3.51% (as of 11/2/2025) | 3.51% - 3.71% (as of 11/2/2025) | |
| Bundled Account | No | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $100 | $100 | $0 | $5000 | |
| Minimum Balance for APY | $5,000 | $0 | $0 | $10,000 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | Yes | |
| Note | The regular savings or money market APY may be boosted up to 3.71% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. See bank for full details. | ||||
| Sponsored Link | LEARN MORE at UFB Direct, Member FDIC | LEARN MORE at UFB Direct, Member FDIC | |||
| App Store Rating | 4.8/5 | 4.8/5 | |||
| Google Play Rating | 4.3/5 | 4.5/5 | |||
| BBB Rating | A- | A+ | |||
Comparative Historical APY Insights (Last 9 Months)
| CIT Bank | UFB Direct | ||||
|---|---|---|---|---|---|
| Product | Savings Connect | Platinum Savings | vs | UFB Checking and Savings Bundle | UFB Portfolio Savings |
| Latest APY | 3.75 % | 3.85 % | 3.71 % | 3.51 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | -2.8 | -4.9 | -2.6 | -2.2 | |
| Rate Changes / Mo | 0.21 | 0.42 | 0.32 | 0.32 | |
| Days Since Last Change | 40 | 40 | 4 | 4 | |
| High (-9 m) | 4.00 % | 4.35 % | 4.21 % | 4.01 % | |
| Low (-9 m) | 3.75 % | 3.85 % | 3.71 % | 3.51 % | |
| Draw-down from High | -6.3 % | -11.5 % | -11.9 % | -12.5 % | |
| Volatility (CV) | 0.023 | 0.036 | 0.025 | 0.026 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-9 m)
- Highest APY in the last 285 days.
- Low (-9 m)
- Lowest APY in the last 285 days.
- Draw-down from High
- How far today sits below the 9-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.