All savings
Online bank FDIC insured

CIT Bank

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

  • 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.