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.