CIT Bank Platinum Savings

CIT Platinum Savings is for savers who will keep at least $5,000 at CIT Bank, a division of First Citizens Bank, and do not need a promo to justify the account. The honest verdict: the account pays 3.75% APY on balances of $5,000 or more and 0.25% APY below that, so the low-balance tier matters. CIT's own Platinum Savings page, read October 14, 2026, posts 3.75% APY on balances of $5,000 or more and 0.25% APY on balances from $0.01 to $4,999.99, and states that the APYs are accurate as of July 1, 2026. If your balance is $5,000 or more, your entire balance earns the higher rate. No promotional rate is mentioned on the page today. Opening requires $100, there is no monthly fee, and $5,000 is the threshold for the higher tier. FDIC insurance covers up to $250,000 per depositor, per ownership category; CIT Bank is a division of First Citizens Bank, and deposits across First Citizens divisions are combined for the limit. The catches: under $5,000 you earn 0.25% APY, so a balance below the threshold earns little, the rate is variable, and FDIC coverage is shared with any other First Citizens deposits you hold.