CIT Bank vs Bask Bank Savings, Compared
We don't publish either institution's current APY here — see the methodology for why we'd rather show a real national benchmark than an unsourced bank-specific number. What we can compare, sourced from each bank's own disclosures: what it costs to open and keep the account, what it takes to earn the top published rate, and how you actually get cash out. CIT Bank's catch: The $100 minimum to open is real (most competitors here are $0), and the $5,000 balance tier means a small saver may be quoted a rate they won't actually earn. Bask Bank's catch: The unfunded-account close-out window (15 business days) is unusually tight — open it only when you're ready to fund it immediately.
The comparison
What actually differs, sourced from each bank
Every figure below is a structural account term, checked against CIT Bank's and Bask Bank's own disclosures as of early August 2026 — not an APY. Rates change constantly and we don't yet publish named-institution rates (see the methodology); confirm the current rate directly with each bank before you decide.
CIT Bank
Bask Bank
FDIC entity
First-Citizens Bank & Trust Company (CIT Bank division)
Texas Capital Bank (Bask Bank division)
Open to new applicants
Yes
Yes
Minimum to open
$100
$0 (must fund within 15 business days or the account may close)
Monthly fee
$0
$0
To earn the top rate
Platinum Savings is tiered by balance — a materially higher rate applies only once the balance reaches $5,000; balances below that earn a much lower rate on the same account.
Bask pays its published Interest Savings rate to every balance, with no direct-deposit or activity requirement.
ATM / debit access
None on Platinum Savings — no debit or ATM card; CIT's separate eChecking product carries a debit card with ATM-fee reimbursement.
None on Interest Savings — no debit or ATM card; Bask's separate Interest Checking product carries a Visa debit card.
The catch on each
CIT Bank
The $100 minimum to open is real (most competitors here are $0), and the $5,000 balance tier means a small saver may be quoted a rate they won't actually earn.
Bask Bank
The unfunded-account close-out window (15 business days) is unusually tight — open it only when you're ready to fund it immediately.
On the rate itself
We don't publish CIT Bank's or Bask Bank's current APY — both change frequently and we don't yet have a sourced, dated feed for named-institution rates. What we do publish is the real, dated FDIC national-average benchmark, so you have a floor to check either bank's advertised rate against. See the high-yield savings guide for that benchmark and how to read an APY.
Next step
See how every savings option compares.
We don't open accounts or hold your money. We lay out the account terms against a published standard so you can decide with the fine print in plain sight, then take it to the bank that holds the account.
Compare savings accountsGet an email when CIT Bank or Bask Bank rates change.
We track both of these. We'll email you the moment either changes — no checking back.
Frequently asked
Are CIT Bank and Bask Bank both FDIC-insured?
Yes. CIT Bank deposits are held by First-Citizens Bank & Trust Company (CIT Bank division); Bask Bank deposits are held by Texas Capital Bank (Bask Bank division). Both are FDIC member institutions, insuring deposits up to $250,000 per depositor, per ownership category. The insurance comes from the bank through the FDIC, not from ClearValue Banking. Confirm current FDIC status at the FDIC's BankFind tool before you move money.
What's the minimum to open an account — CIT Bank vs Bask Bank?
CIT Bank requires $100 to open and charges $0 in monthly fees. Bask Bank requires $0 (must fund within 15 business days or the account may close) to open and charges $0 in monthly fees.
Does CIT Bank or Bask Bank require direct deposit to earn its top rate?
CIT Bank: Platinum Savings is tiered by balance — a materially higher rate applies only once the balance reaches $5,000; balances below that earn a much lower rate on the same account. Bask Bank: Bask pays its published Interest Savings rate to every balance, with no direct-deposit or activity requirement. Confirm current tiering directly with each bank before you decide — this changes without notice.
Can I get an ATM or debit card with CIT Bank or Bask Bank?
CIT Bank: None on Platinum Savings — no debit or ATM card; CIT's separate eChecking product carries a debit card with ATM-fee reimbursement. Bask Bank: None on Interest Savings — no debit or ATM card; Bask's separate Interest Checking product carries a Visa debit card.