Ally Bank vs CIT Bank
Head-to-head comparison of Ally Online Savings Account and CIT Platinum Savings, updated daily.
CIT Bank currently wins on APY: 4.55% vs 3.20%
| Feature | Ally BankLive | CIT BankUpdated 1d ago |
|---|---|---|
| APY | 3.20% | 4.55%★ |
| Min opening deposit | $0★ | $100 |
| Min balance for APY | $0★ | $5,000 |
| Monthly fee | $0.00 | $0.00 |
| Insurance | FDIC | FDIC |
| Compounding | daily | daily |
| ATM access | Yes★ | No |
| Check writing | No | No |
| Mobile app | Yes | Yes |
| Editor rating | 4.6 / 5★ | 4.3 / 5 |
Ally Bank verdict
Ally is the best-in-class for users who want a full banking relationship rather than just a high yield. The Buckets and Boosters features for goal-based savings are genuinely useful and not gimmicks. APY is competitive but not the highest on this list — pay this small premium for the ecosystem.
Read full Ally Bank review →CIT Bank verdict
CIT Platinum has a tiered structure that rewards larger savers. If you can keep $5,000+ in the account, the APY is among the best on this list. Below that threshold the rate drops sharply, so it is not a good fit for emergency funds being actively built up.
Read full CIT Bank review →