Cit Bank vs. Valley Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 16, 2025
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Summary of CIT Bank vs. Valley Direct
Key Metrics at a Glance
| Feature | CIT Bank | Valley Direct |
|---|---|---|
| Top Savings APY | 3.85% Platinum Savings | 4.10% High-Yield Savings Account |
| Minimum to Open | $100 | $1000 |
| Minimum Balance for Top APY | $5,000 | $0.01 |
| Note | Promo. Eligibility restricted to new customers. |
CIT Bank
Strengths
- CIT Bank's Platinum Savings offers a competitive APY of 3.85%.
- CIT Bank has no maintenance fees for its savings accounts.
- CIT Bank's App Store rating is 4.8.
Potential Drawbacks
- CIT Bank's Platinum Savings APY decreased from 4.00% to 3.85% in 30 days.
- CIT Bank has no branches for in-person service.
- CIT Bank's BBB rating is A-, not accredited.
Valley Direct
Strengths
- Valley Direct's High-Yield Savings Account offers a higher APY of 4.10%.
- Valley Direct has a better BBB rating of A+.
- Valley Direct's Google Play rating is 4.5.
Potential Drawbacks
- Valley Direct's High-Yield Savings Account APY decreased from 4.30% to 4.10% in 30 days.
- Valley Direct requires a minimum deposit of $1,000.
- Valley Direct's accounts can only be serviced at specific branch locations.
→ As of October 16, 2025 CIT Bank offers an APY of 3.85% for its Platinum Savings account, with a minimum balance of $5,000, compared to Valley Direct's 4.10% APY for its High-Yield Savings Account, with a minimum balance of $0.01.
→ Valley Direct yields $25 more than CIT Bank on a $10,000 balance after one year. CIT Bank pays $385, while Valley Direct pays $410 - an APY advantage for Valley Direct.
→ In addition, CIT Bank also offers 3.75% APY for the Savings Connect account.
Calculate Savings Growth for CIT Bank vs Valley Direct
CIT Bank
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 OverviewValley Direct
Total savings breakdown:
- Interest earned: $2,499.4 (12.19%)
- Total contributions: $13,000 (63.42%)
- Initial deposit: $5,000 (24.39%)
Your total balance
$20,499.40
Total balance: $20,499.4
Earnings: $2,499.4
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, CIT Bank's total earnings would be $161.4 lower than Valley 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 Valley Direct's Savings Accounts
| CIT Bank | Valley Direct | |||
|---|---|---|---|---|
| Product | Platinum Savings | Savings Connect | vs | High-Yield Savings Account |
| APY | 0.25% - 3.85% (as of 10/16/2025) | 3.75% (as of 10/16/2025) | 4.10% (as of 10/16/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $100 | $100 | $1000 | |
| Minimum Balance for APY | $5,000 | $0 | $0.01 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | |
| Eligibility | United States | United States | Only for new customers. Existing Valley Bank or Valley Direct customers may open a savings account with a somewhat lower rate. | |
| Note | Promo. Eligibility restricted to new customers. | |||
| 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 10 Months)
| CIT Bank | Valley Direct | |||
|---|---|---|---|---|
| Product | Savings Connect | Platinum Savings | vs | High-Yield Savings Account |
| Latest APY | 3.75 % | 3.85 % | 4.10 % | |
| Trend | Sideways | Falling | Sideways | |
| Slope (bps/mo) | -2.4 | -5.1 | 4.4 | |
| Rate Changes / Mo | 0.20 | 0.50 | 0.79 | |
| Days Since Last Change | 23 | 23 | 20 | |
| High (-10 m) | 4.00 % | 4.55 % | 4.55 % | |
| Low (-10 m) | 3.75 % | 3.85 % | 3.75 % | |
| Draw-down from High | -6.3 % | -15.4 % | -9.9 % | |
| Volatility (CV) | 0.019 | 0.037 | 0.054 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 303 days.
- Low (-10 m)
- Lowest APY in the last 303 days.
- Draw-down from High
- How far today sits below the 10-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.