CIT Bank vs LendingClub Bank
Head-to-head comparison of CIT Platinum Savings and LendingClub LevelUp Savings, updated daily.
CIT Bank currently wins on APY: 4.55% vs 4.50%
| Feature | CIT BankUpdated 1d ago | LendingClub BankUpdated 1d ago |
|---|---|---|
| APY | 4.55%★ | 4.50% |
| 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 | 4.3 / 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 →LendingClub Bank verdict
LendingClub LevelUp is a clever product — the bonus tier is unlocked with just $250/month in deposits, which is achievable for almost anyone. For accumulators (people building savings, not draining them), this is one of the best structures on the market.
Read full LendingClub Bank review →