Cit Bank vs. Wealthfront
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of CIT Bank vs. Wealthfront
Key Metrics at a Glance
| Feature | CIT Bank | Wealthfront |
|---|---|---|
| Top Savings APY | 3.85% Platinum Savings | 4.15% Cash Account |
| Minimum to Open | $100 | $0 |
| Minimum Balance for Top APY | $5,000 | $0 |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. |
CIT Bank
Strengths
- CIT Bank's Platinum Savings offers a competitive APY of 3.85%.
- CIT Bank has an App Store rating of 4.8.
- CIT Bank has no maintenance fees for its accounts.
Potential Drawbacks
- CIT Bank's BBB rating is A-, but it is not accredited.
- CIT Bank's highest APY is lower than Wealthfront's.
- CIT Bank requires a minimum balance of $5,000 for its Platinum Savings.
Wealthfront
Strengths
- Wealthfront's Cash Account provides an introductory APY of 4.15%.
- Wealthfront has a Google Play rating of 4.9.
- Wealthfront has no minimum balance requirement.
Potential Drawbacks
- Wealthfront has a BBB rating of F and is not accredited.
- After 3 months, Wealthfront's APY drops to 3.50%.
- Wealthfront is a financial services company, not a traditional bank.
→ As of November 12, 2025 CIT Bank offers an APY of 3.85% for its Platinum Savings account, with a minimum balance of $5,000, compared to Wealthfront's 4.15% APY for its Cash Account, with a minimum balance of $0.
→ Wealthfront yields $30 more than CIT Bank on a $10,000 balance after one year. CIT Bank pays $385, while Wealthfront pays $415 - an APY advantage for Wealthfront.
→ In addition, CIT Bank also offers 3.75% APY for the Savings Connect account.
Calculate Savings Growth for CIT Bank vs Wealthfront
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 OverviewWealthfront - Cash Account
Total savings breakdown:
- Interest earned: $2,531.8 (12.33%)
- Total contributions: $13,000 (63.32%)
- Initial deposit: $5,000 (24.35%)
Your total balance
$20,531.80
Total balance: $20,531.8
Earnings: $2,531.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, CIT Bank's total earnings would be $193.8 lower than Wealthfront's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare CIT Bank's vs Wealthfront's Savings Accounts
| CIT Bank | Wealthfront | |||
|---|---|---|---|---|
| Product | Platinum Savings | Savings Connect | vs | Cash Account |
| APY | 0.25% - 3.85% (as of 11/12/2025) | 3.75% (as of 11/12/2025) | 3.50% - 4.15% (as of 11/12/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $100 | $100 | $0 | |
| Minimum Balance for APY | $5,000 | $0 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. | |||
| App Store Rating | 4.8/5 | 4.8/5 | ||
| Google Play Rating | 4.3/5 | 4.9/5 | ||
| BBB Rating | A- | F | ||
No historical data available.