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Marcus by Goldman Sachs vs CIT Bank
Marcus is a great online savings account with high APY and no hidden fees. How does it compare to CIT Bank? Read our comparison chart below.
Marcus offers savings accounts, term CDs, and a no-penalty CD. It has no checking or ATM network. Savings account has no minimum deposit required to open while CDs have $500 minimum opening deposit. There are no service fees.
While CIT Bank is an online division of First Citizens Bank. It's known for high interest rates on its savings accounts and CDs. All accounts have no monthly service fees.
Compare Marcus with CIT Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
3.65% APY. $0 to open. No fees to open or maintain account. No minimum daily balance requirement.
Platinum Savings: 3.75% APY with a balance of $5,000 or more
Savings Connect: 3.65% APY
Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit
CD
3.85% to 4.05% APY. Terms of 6 months to 6 years. 12-month CD APY of 4.00%. $500 minimum to open. No monthly service fee.
Term CDs up to 3.75% APY. $1,000 minimum opening deposit.
Checking
N/A
Money Market
N/A
1.55% APY
Mobile App
iOS & Android
iOS & Android
ATMs
None
Customer Service
Mon - Sat: 8 am - 10 pm ET
Sat - Sun: 9 am - 7 pm ET
Mon - Fri: 9 am - 9 pm ET
Sat: 10 am - 6 pm ET
Sunday: Closed
Locations
Online only
Online Only
CreditDonkey® Reviews
Savings
Fees
Mobile App
Customer Service
Checking
Money Market
Pros & Cons
Pros:
Competitive APY
$0 monthly charges
No minimum balance
Cons:
No physical locations
No mobile check deposit
Pros:
High savings APY
No monthly fees
Low opening deposits
Cons:
No check writing
Bottom Line
Great online savings account with high APY and no hidden fees... Read full review
Solid online bank with excellent rates and no monthly fees... Read full review
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Marcus: Information including rates, fees, terms, and benefits was obtained on December 17, 2025 from published websites and is believed to be accurate, but not guaranteed.
Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance.
*APYs — Annual Percentage Yields are accurate as of January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
APY — Annual Percentage Yield is accurate as of January 9, 2026. Interest Rates for the Savings Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account.
Option to withdraw full balance and interest after 7 days of CD funding date
$1,000 minimum to open an account
11 months
No monthly maintenance fee
Member FDIC
Disclosures
APY — Annual Percentage Yield is accurate as of January 9, 2026. $1,000 minimum to open the account.
With a No-Penalty CD, you may withdraw the total balance and interest earned, without penalty, beginning 7 days after funds have been received for your CD. No withdrawals are permitted during the first 6 days following the receipt of funds.
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Marcus or Bank of America.
CIT Platinum Savings is CIT Bank's newest savings account. It advertises a higher APY. Check out how it compares to Savings Connect. Get a higher rate now.
CIT Bank is an online bank that offers a variety of savings products. Find out how to manage your account, reach customer service, and the bank's current offers.
In the modern world, there are some things you just don't have to do anymore. Like drawing water from a well. Or paying fees just to keep your bank account open.
