Online savings account from CIT Bank, a division of First-Citizens Bank (Member FDIC).
CIT Bank Savings Connect
CIT Bank ·
- APY
- 3.65%
- Minimum
- $100
- Monthly fee
- None
Savers who want a simple online account and can open it with $100
- Earns 3.65% APY, which the bank says is 9 times the national average
- Mobile banking app
- Variable rate that can change at any time without notice
- $100 minimum to open the account
Our verdict
CIT Bank Savings Connect scores 3.6 out of 5 (72.1 of 100 points) in our method, which ranks it #2 of 8 verified savings accounts we compare. Best for: savers who want a simple online account and can open it with $100.
Key terms
| APY | 3.65% |
|---|---|
| Minimum | $100 |
| Monthly fee | None |
| Deposit insurance | FDIC-insured, as stated by the provider |
| Terms verified | 11/05/2026 |
Pros and cons
Pros
- Earns 3.65% APY, which the bank says is 9 times the national average
- Mobile banking app
Cons
- Variable rate that can change at any time without notice
- $100 minimum to open the account
Who it is for
- A good fit: Savers who want a simple online account and can open it with $100.
- Look at other options if any of these is a dealbreaker: variable rate that can change at any time without notice; $100 minimum to open the account.
How it compares
| Account | APY | Minimum | Monthly fee | Our rating |
|---|---|---|---|---|
| Synchrony Bank High Yield Savings | 3.75% | None | None | 3.7 |
| CIT Bank Savings Connect | 3.65% | $100 | None | 3.6 |
| Marcus Online Savings Account | 3.50% | None | None | 3.5 |
| Ally Bank Savings Account | 3.20% | None | None | 3.4 |
| Capital One 360 Performance Savings | 3.20% | None | None | 3.4 |
| American Express High Yield Savings Account | 3.20% | None | None | 3.4 |
| Quontic High Yield Savings | 3.20% | $100 | None | 3.3 |
| Wells Fargo Way2Save Savings | 0.01% | $25 | $5 | 1.2 |
See it in our full comparison: High-Yield Savings Accounts: Compared.
How we scored it
The score uses only the savings account’s published terms. Whether a provider pays us, or whether we have any agreement with it, plays no part. Read the full method.
| Part | Weight | This savings account |
|---|---|---|
| APY | 60 | 61 / 100 |
| Fees and minimums | 25 | 99 / 100 |
| Tools and service | 15 | not scored |
Frequently asked questions
What is the APY on the CIT Bank Savings Connect?
CIT Bank advertised an APY of 3.65% on 11/05/2026. Savings rates are variable and can change at any time, so check the current rate on the provider's site before you open an account.
Does the CIT Bank Savings Connect have fees or a minimum deposit?
Monthly fee: none. Minimum to open: $100. (Provider terms, verified 11/05/2026.)
Is the CIT Bank Savings Connect FDIC insured?
Yes, according to the provider. FDIC insurance covers deposits up to $250,000 per depositor, per insured bank, per ownership category. You can check any bank in FDIC BankFind.
How much would $10,000 earn in a year?
At 3.65% APY, about $365 over 12 months if the rate did not change (APY already includes compounding). Try your own numbers in the compound interest calculator.
Sources
- CIT Bank product page, read 11/05/2026
- FDIC: deposit insurance coverage
Terms change; confirm them on the provider’s site. Not financial advice.