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CIT Bank Platinum Savings

3.75% APY on $5,000+ after the CITBOOST promo ended; 0.25% under that

Rates verified October 7, 2026
High-Yield Savings
Open account
Tracked since2026
0 reviews tracked

The Bottom Line

APY
3.75% (verified Oct 7, 2026). All rates and fees

Key facts

  • Min. deposit: $100
  • Monthly fee: None
  • Insurance: FDIC insured

Pros

  • 3.75% from an established First Citizens brand if you hold $5,000+
  • No monthly fee
  • $5k threshold is not a balance cap, so it is large-deposit friendly

Cons

  • CITBOOST promo ended August 31, 2026; new accounts do not get 4.10%
  • 0.25% punishment tier under $5,000
  • CIT's rate history shows they let legacy accounts decay

At a glance

Rates verified October 7, 2026
APY
3.75%
APY note
Standard tiers as of September 7, 2026: 3.75% at $5,000+, 0.25% under $5,000. CITBOOST promo (4.10% / 0.60%) ended August 31, 2026.
Minimum deposit
$100
Monthly fee
None
FDIC
Direct via First Citizens charter, $250k (aggregate with other CIT/First Citizens deposits)
Institution
CIT Bank (division of First Citizens Bank)
ATM access
No

How this rate compares

9.9x

the FDIC national savings average of 0.38% (August 17, 2026). On a $10,000 balance that is about $337 more in a year.

Last verified October 7, 2026

We re-verify against the issuer's own page when we refresh this listing, and we stamp that date. We do not claim a daily check.

APYs are variable and can change at any time. The FDIC national average is a floor for what an ordinary savings account pays, not a competitor. Named comparisons use each product's last issuer-page check.

Is it worth it?

$375 a year on a $10,000 balance

At 3.75% APY, $10,000 earns about $375 in the first year, versus roughly $38 at the 0.38% FDIC national average (August 17, 2026). That is about $337 more for moving the same money. APY is variable and shown as of the date above.

What is CIT Bank Platinum Savings?

Editorial review
CIT Platinum Savings is for savers who will keep at least $5,000 at First Citizens' online brand and do not need a promo to justify the account. The honest verdict: the 4.10% CITBOOST window is over, and what remains is a mid-pack 3.75% with a harsh low-balance tier. CIT's own Platinum Savings page, fetched September 7, 2026, posts 3.75% APY on balances of $5,000 or more and 0.25% under that. The 0.35-point CITBOOST promo that took the headline to 4.10% (and the low tier to 0.60%) ran February 13 through August 31, 2026. New accounts opened after that date get the standard tiers from day one. Opening still requires $100, there is no monthly fee, and the $5,000 figure is a threshold, not a cap. FDIC insurance runs through the First Citizens Bank charter to $250,000, aggregated with any other CIT or First Citizens deposits. The catches: under $5,000 you earn 0.25%, which is not a high-yield account, and CIT has a history of letting legacy accounts drift after a promo dies.
how we evaluateSourcecit.com ↗

Key details

3.75% APY on $5,000+ as of September 7, 2026, per CIT's own page0.25% APY under $5,000CITBOOST promo to 4.10% ended August 31, 2026$5k threshold, not a balance cap; large-deposit friendly$100 to open, no monthly fee

Explore more

Best High-Yield Savings

CIT Bank Platinum Savings FAQ

What is the current APY on CIT Bank Platinum Savings?

3.75% APY on balances of $5,000 or more, and 0.25% under $5,000, as posted on CIT's Platinum Savings page on September 7, 2026. The CITBOOST promo that paid 4.10% / 0.60% ended August 31, 2026.

Is CIT Bank Platinum Savings FDIC insured?

Yes, through the First Citizens Bank charter, insured up to $250,000. Coverage aggregates with any other CIT or First Citizens deposits you hold.

What are the minimums and fees?

$100 minimum to open, $5,000 minimum balance for the 3.75% rate, and no monthly fee. Balances under $5,000 earn 0.25% APY.

Source: cit.com

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