CIT Bank Platinum Savings Review

3.75% APY on balances of $5,000 or more, and 0.25% below that. Independent CIT Bank Platinum Savings review: 4.3/5 for high-yield savings.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked October 21, 2026.

Our verdict

CIT Platinum is for savers with a cushion already built: $5,000 or more earns 3.75% APY, and anything under $5,000 earns 0.25%. The CITBOOST code lifts it to 4.10% for 6 months if you enroll by October 31, 2026. That balance cliff and a $100 minimum to open keep it from rating higher.

Skip it if your balance will sit under $5,000, where the rate drops to 0.25%.

About CIT Bank Platinum Savings

3.75% APY on balances of $5,000 or more, and 0.25% below that. CIT Bank Platinum Savings is offered by CIT Bank, a division of First Citizens Bank. Our editorial rating is 4.3 out of 5.

Best for: Savers with $5K+ balances.

Editorial grade: A- (composite score 85/100).

Highlights

3.75% APY on balances of $5,000 or more, and 0.25% below that (CIT's page still dates these tiers July 1, 2026)
CIT's page on October 21, 2026 did not show a promo code
No monthly service fees

What we like

Among the highest APYs on balances of $5K+
FDIC insured up to $250K
Solid mobile app for transfers and remote deposits

Where it falls short

Balances under $5,000 earn a much lower rate (0.25%)
$100 minimum to open

Fees, minimums, and rates

Monthly fee: $0/month. Minimum to open: $100. Current APY: 3.75%. Rates and fees last checked on October 21, 2026.

How we reviewed it

This is a desk review: we have not opened an account with CIT Bank, a division of First Citizens Bank. It is built from CIT Bank, a division of First Citizens Bank's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the High-Yield Savings shortlist. Our bank-account reviews weight APY (30%), fees (20%), access and convenience (15%), account features (15%), trust and safety (10%), and customer support (10%). The rubric is the same for every brand.

The chartered bank this is part of

First-Citizens Bank & Trust Company, FDIC certificate 11063: capital, loan quality, every office and the complaint record.

Similar products to compare

Read our full editorial methodology for how we review products.