Wealthy PotCIT Bank Review (2026)
CIT Bank rewards larger balances with one of the higher tiered APYs, but you must keep $5,000 to earn it. Below that, other no-minimum banks are usually a better deal.
By Wealthy Pot · Last updated September 2026
Pros
- A high top-tier APY
- Optional CDs and money-market accounts
- No monthly fees
Cons
- The best rate requires a $5,000 balance
- A lower rate applies below the threshold
- A more dated experience
Who CIT Bank is for
Best for savers who can keep at least $5,000 in the account and want to maximize yield, and who do not mind a more utilitarian experience.
APY, minimums & fees
CIT Bank advertises 3.75% APY (Platinum Savings, $5k+ balance; 0.25% below $5k), with a $100 minimum to open and a $0 monthly fee. Minimum balance to earn the top rate: $5,000. FDIC-insured (CIT Bank, div. of First Citizens). APYs are variable. Confirm the current rate on the official site.
The bottom line
CIT Bank rewards larger balances with one of the higher tiered APYs, but you must keep $5,000 to earn it. Below that, other no-minimum banks are usually a better deal. Main drawback: the best rate needs a $5,000 balance; just 0.25% below that.
Compare CIT Bank with…
See how CIT Bank stacks up in our high-yield savings comparison, or find a banking app in our neobanks comparison.
We summarize hands-on assessment, not user reviews. APYs are variable and re-checked against CIT Bank's official page. Some accounts are brokerage cash insured through partner banks rather than traditional bank savings. Some outbound links may be affiliate links. That never affects which accounts we include or how we rate them. Nothing here is financial advice.