What is the current APY for CIT Bank Savings Connect and Marcus Online Savings?

As of early 2026, both CIT Bank Savings Connect and Marcus by Goldman Sachs Online Savings Account offer a competitive APY of 3.65% [1, 2]. However, these rates are variable and subject to change.

Are there any monthly fees associated with these accounts?

No, both CIT Bank Savings Connect and Marcus by Goldman Sachs Online Savings Account do not charge any monthly maintenance fees [3, 4].

What are the minimum deposit requirements to open these accounts?

CIT Bank Savings Connect requires a minimum opening deposit of $100 [3]. Marcus by Goldman Sachs Online Savings Account has no minimum deposit requirement to open [4].

Do either of these accounts offer ATM access?

Neither CIT Bank Savings Connect nor Marcus by Goldman Sachs Online Savings Account provide ATM cards or direct ATM access. They are designed as online-only savings accounts [3, 4].

What is the current APY for CIT Bank Savings Connect and Marcus Online Savings?

As of early 2026, both CIT Bank Savings Connect and Marcus by Goldman Sachs Online Savings Account offer a competitive APY of 3.65% [1, 2]. However, these rates are variable and subject to change.

Are there any monthly fees associated with these accounts?

No, both CIT Bank Savings Connect and Marcus by Goldman Sachs Online Savings Account do not charge any monthly maintenance fees [3, 4].

What are the minimum deposit requirements to open these accounts?

CIT Bank Savings Connect requires a minimum opening deposit of $100 [3]. Marcus by Goldman Sachs Online Savings Account has no minimum deposit requirement to open [4].

Do either of these accounts offer ATM access?

Neither CIT Bank Savings Connect nor Marcus by Goldman Sachs Online Savings Account provide ATM cards or direct ATM access. They are designed as online-only savings accounts [3, 4].

CIT Bank vs Marcus Savings 2026 — Which Is Better?

Updated April 2026 · 8 min read · Reviewed by WiseIQ Editorial Team

WiseIQ Expert Tip

Financial decisions made with complete information consistently outperform those made under pressure or with incomplete data. Take time to compare at least 3 options before committing.

Quick Comparison: CIT Bank vs Marcus Savings

Verdict: CIT Bank vs Marcus Savings

Choose CIT Bank Savings Connect if: You are comfortable with online-only banking and can meet the initial $100 deposit. The competitive APY and lack of monthly fees make it a strong contender for those looking to maximize their savings with a straightforward account. It's particularly good for those who primarily manage their finances digitally and don't require frequent wire transfers for amounts under $25,000.

Choose Marcus by Goldman Sachs Online Savings Account if: You prefer an account with absolutely no minimum deposit to open and no fees for domestic wire transfers. Marcus offers a highly competitive APY and a user-friendly online experience, making it ideal for those who want a simple, high-yield savings account without any barriers to entry or hidden costs.

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CIT Bank: Full Review

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#1 Top Pick #1

CIT Bank Savings Connect

High-Yield Online Savings Account

3.65%

APY

$100

Min. Deposit

Monthly Fees

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CIT Bank\'s Savings Connect account offers a compelling option for savers seeking a high annual percentage yield (APY) without the burden of monthly maintenance fees. As of January 9, 2026, the account boasts a 3.65% APY, significantly higher than the national average [1]. This account is designed for digital-savvy customers who manage their banking primarily online or through a mobile app. The initial deposit requirement of $100 is relatively low, making it accessible to a broad range of savers [3]. Interest is compounded daily, allowing for faster growth of savings over time. While it doesn\'t offer ATM access, which is common for online-only savings accounts, it provides convenient online transfers and ACH services at no cost [5]. For larger transactions, domestic wire transfers are free for accounts with a balance of $25,000 or more, though a $10 fee applies for balances below this threshold [5].

Pros

High 3.65% APY [1]
No monthly service fees [3]
Low minimum opening deposit of $100 [3]
Daily compounding interest

Cons

No ATM access
$10 fee for wire transfers under $25,000 [5]
Online-only banking may not suit all users

Marcus Savings: Full Review

Marcus by Goldman Sachs Online Savings Account

High-Yield Online Savings Account

3.65%

APY

Min. Deposit

Monthly Fees

Apply Now

Marcus by Goldman Sachs offers a highly competitive Online Savings Account, currently featuring a 3.65% APY as of April 3, 2026 [2]. A significant advantage of this account is the absence of a minimum deposit requirement to open, making it incredibly accessible to new savers [4]. Furthermore, Marcus prides itself on a fee-free experience, with no monthly maintenance fees, no overdraft fees, and no fees for domestic wire transfers [4, 6]. Like CIT Bank, Marcus is an online-only bank, which contributes to its ability to offer higher interest rates. It provides robust online and mobile banking tools, along with customer support via phone, email, and chat. The account is FDIC-insured, ensuring the safety of deposits up to the legal limit [2]. This account is particularly attractive to those who value simplicity, high returns, and a complete lack of fees.

Pros

High 3.65% APY [2]
No minimum deposit to open [4]
No monthly service fees [4]
No domestic wire transfer fees [6]

Cons

No ATM access
Online-only banking may not suit all users
No physical branches

Who Should Choose CIT Bank?

CIT Bank Savings Connect is an excellent choice for individuals who:

Are comfortable with exclusively online banking and digital money management.
Can meet the modest $100 minimum opening deposit.
Prioritize a high APY and no monthly fees for their savings.
Do not require frequent ATM access or physical branch services.
May occasionally need to send wire transfers but typically for amounts over $25,000 to avoid fees.

Who Should Choose Marcus Savings?

Marcus by Goldman Sachs Online Savings Account is ideal for those who:

Are looking for a high-yield savings account with absolutely no minimum deposit to get started.
Value a completely fee-free banking experience, including domestic wire transfers.
Prefer the convenience of online and mobile banking without the need for physical branches or ATM cards.
Seek a straightforward, high-interest savings option from a reputable financial institution.

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CIT Bank vs Marcus Savings (2026): Which Is Better for You?

Quick Comparison: CIT Bank vs Marcus Savings

Verdict

Verdict: CIT Bank vs Marcus Savings

CIT Bank: Full Review

Pros

Cons

Marcus Savings: Full Review

Pros

Cons

Who Should Choose CIT Bank?

Who Should Choose Marcus Savings?

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