CIT Bank vs SoFi Bank
Head-to-head comparison of CIT Platinum Savings and SoFi Checking and Savings, updated daily.
CIT Bank currently wins on APY: 4.55% vs 4.00%
| Feature | CIT BankUpdated 1d ago | SoFi BankLive |
|---|---|---|
| APY | 4.55%★ | 4.00% |
| Min opening deposit | $100 | $0★ |
| Min balance for APY | $5,000 | $0★ |
| Monthly fee | $0.00 | $0.00 |
| Insurance | FDIC | FDIC |
| Compounding | daily | daily |
| ATM access | No | Yes★ |
| Check writing | No | No |
| Mobile app | Yes | Yes |
| Editor rating | 4.3 / 5 | 4.7 / 5★ |
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 →SoFi Bank verdict
SoFi remains one of our highest-rated picks for everyday savers in April 2026. The headline APY is gated behind a recurring direct deposit requirement, but for anyone who can route their paycheck through SoFi, it is one of the best risk-adjusted yields available from a fully insured U.S. institution. The bundled checking-and-savings product means you get a high APY without needing to maintain a separate account elsewhere.
Read full SoFi Bank review →