CIT Bank vs. Upgrade
Compare rates, requirements, and features side-by-side to find the best option for you.
CIT Bank
Platinum Savings
Up to3.75%APYDec 10, 2025FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppRange: 0.25% – 3.75%Show Fine Print & Trends Hide Details
CIT Bank
Platinum Savings
Upgrade
Premier Savings
3.05%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Upgrade
Premier 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.
CIT Bank vs. Upgrade Savings Calculator
CIT Bank earns $444.2 more than Upgrade.
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
Upgrade
Premier Savings
Savings Breakdown
- Interest Earned+$1,829.60(9.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,829.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing CIT Bank vs. Upgrade
Why CIT Bank?
- ✓Higher potential APY (3.65%-3.75% vs 3.05%)
- ✓Offers 2 different high-yield savings options
Why Upgrade?
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 $305/yr).
Better Returns at $25,000
CIT BankCIT Bank's Platinum Savings pulls ahead with larger amounts (approx. $938 vs $763/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 $70 more interest on a $10,000 balance than Upgrade's Premier Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
CIT Bank offers a competitive Platinum Savings account with an APY of 3.75%, significantly higher than Upgrade's Premier Savings, which yields 3.05%. The Platinum Savings account requires a minimum deposit of $100 and a balance of $5,000, while also being online-only. Additionally, CIT Bank provides a Savings Connect account with a slightly lower APY of 3.65%, which has no minimum balance requirement. In contrast, Upgrade's Premier Savings requires a minimum balance of $1,000 but has no direct deposit requirement. Overall, CIT Bank's Platinum Savings stands out as the more lucrative option.
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 Upgrade.
| Feature | CIT Bank | Upgrade |
|---|---|---|
| APY | 3.75% Range: 0.25% - 3.75% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 3.05% Verified: 12/10/2025 ↘︎ 0.97%90d Change |
| Product Name | Platinum Savings | Premier Savings |
| Minimum Deposit | $100 | $0 |
| Min. Balance for APY | $5,000 | $1,000 |
| 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 | iOS4.9 Android4.5 |
| BBB Rating | A- | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | CIT Bank | Upgrade | |
|---|---|---|---|
| Savings Connect | Platinum Savings | Premier Savings | |
Current APY | 3.65% | 3.75% | 3.05% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.4 | -5.0 | -10.4 |
Days Since Change | 20 | 20 | 39 |
11-Month High | 4.00% | 4.35% | 4.14% |
11-Month Low | 3.65% | 3.75% | 3.05% |
Adjustments / Mo | 0.28 | 0.47 | 0.28 |
Volatility Score | 0.031 | 0.042 | 0.105 |
How to read these metrics(Click to expand)
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