CIT Bank and Capital One 360 both post competitive APYs, but they solve different problems. CIT Bank Platinum Savings pays its highest rate only on balances of $5,000 or more — fall below that and the rate drops sharply. Capital One 360 Performance Savings pays its published APY on any balance, no minimum, and pairs the account with roughly 300 branch and café locations plus a full checking account — a physical footprint CIT Bank's online-only model doesn't offer. Pick CIT Bank if you'll consistently hold $5K+ and want the higher ceiling rate; pick Capital One 360 if your balance is smaller or variable, or you want in-person branch access and a bundled checking relationship. Both are FDIC-insured up to $250,000 per depositor (fdic.gov).
First-Citizens Bank & Trust Company
Highest APY in market — at a $5,000 minimum balance.
Pros
Capital One Bank, N.A.
Big-bank backing with online-bank APY — branch access included.
Pros
| Spec | CIT Bank Platinum Savings | Capital One 360 Performance Savings |
|---|---|---|
| Best for | Savers with $5K+ to park who want the absolute maximum APY available. | People who want online-savings APY plus the option of in-person branch service for complex situations. |
◈ marks the stronger option for that row.
Pick CIT Bank Platinum Savings if: Savers with $5K+ to park who want the absolute maximum APY available.
Pick Capital One 360 Performance Savings if: People who want online-savings APY plus the option of in-person branch service for complex situations.
Apply at First-Citizens Bank & Trust Company →Apply at Capital One Bank, N.A. →
See all picks, methodology, and side-by-side comparison in Best High-Yield Savings Accounts 2026.
Yes. CIT Bank Platinum Savings pays its highest APY tier only on balances of $5,000 or more; balances below that threshold earn a noticeably lower rate. Capital One 360 Performance Savings has no minimum balance requirement — it pays its published APY on any balance from $0.01. Verify current tiers and thresholds at citbank.com and capitalone.com, as both change without notice.
Capital One operates approximately 300 branches and Capital One Café locations across the US, giving Performance Savings customers in-person access most competitive HYSA providers don't offer. CIT Bank is online-only with no branch network — all servicing happens by phone, chat, or its eChecking account. For savers who occasionally want face-to-face help, Capital One 360's hybrid model is a meaningful advantage.
It depends on your balance. Above the $5,000 threshold, CIT Bank Platinum Savings has historically posted one of the highest published APYs in the market, often ahead of Capital One 360. Below $5,000, CIT Bank's rate drops to a much lower tier and Capital One 360's no-minimum rate typically wins. Both are variable and move with the Federal Reserve's benchmark rate. The Federal Reserve publishes national average deposit rates at federalreserve.gov as a reference. Verify current rates at citbank.com and capitalone.com before opening, since rates change without notice.
Yes. CIT Bank is a division of First Citizens Bank, a federally chartered bank; Capital One, N.A. is also a federally chartered, FDIC-member institution. Both insure deposits up to $250,000 per depositor, per ownership category, per institution. Holding accounts at both banks gives up to $500,000 in combined coverage for individually-owned funds, since FDIC insurance applies separately per bank. Verify FDIC membership for either at fdic.gov/bank/individual.
Capital One 360 pairs its savings account with a no-fee checking account, credit cards, auto loans, and physical branches/cafés — a wider consumer lineup than CIT Bank, whose ecosystem is savings, CDs, and a standalone eChecking account. If you want one issuer for checking, savings, and cards with a branch fallback, Capital One 360 is the more complete relationship; CIT Bank stays narrower but competitive on the savings rate itself above the $5K tier. Verify current product lineups at capitalone.com and citbank.com.
Standard ACH transfers from either bank to an external account typically take 1–3 business days. Capital One 360 supports instant transfers between Capital One accounts (e.g., 360 Savings to 360 Checking) if you also hold Capital One 360 Checking, and branch/café locations offer in-person options for some transactions. CIT Bank's eChecking pairs with its savings for faster internal transfers, but CIT Bank has no branch network for in-person cash access.
Both do. CIT Bank's CD lineup includes a High Yield CD, a No-Penalty CD, and a RampUp CD (rate-bump option). Capital One 360 CDs are available in terms from 6 months to 5 years with no minimum deposit. Both are FDIC-insured up to $250,000 per depositor and charge an early withdrawal penalty if funds are pulled before maturity. Verify current CD terms and rates at citbank.com and capitalone.com before opening, as rates and term availability change.
Capital One 360, for most sub-$5,000 savers — its published APY has no balance floor, so a saver building from $500 or $1,000 still earns the full rate, and multiple named sub-accounts help organize savings by goal. CIT Bank's below-threshold tier pays noticeably less until the balance clears $5,000. If you expect to cross that threshold soon, compare both banks' current below- and above-threshold rates directly at citbank.com and capitalone.com, since neither tier structure is fixed indefinitely.
Independent editorial comparison. ClearValue Lending is not the issuer of any product compared here; affiliate links may pay a referral commission at no cost to you — selection is independent of compensation.