All savings
Online bank FDIC insured
CIT Bankhigh-yield savings
Platinum Savings
CIT Bank's Platinum Savings rewards larger balances with one of the highest APYs in the industry.
4.85%
Annual Percentage Yield
Minimum deposit
$5,000
Monthly fee
None
Compounding
Daily
Pros and cons
Pros
- Top-tier APY
- No monthly fees
Cons
- $5,000 minimum for top APY
Account terms
- Bank type
- Online bank
- FDIC insured
- Yes — up to $250,000
- Availability
- Nationwide
- Withdrawal limit
- 6 per month
National rate curve
Comparing 8 active high-yield savings accounts
Top 13% nationally
Deposit calculator
See how much you'd earn at 4.85% APY, compounded daily.
1 year
$10,497
+ $497 earned
3 years
$11,566
+ $1,566 earned
5 years
$12,744
+ $2,744 earned
Rates and terms are illustrative. Always verify with CIT Bank before applying.