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*Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of April 20, 2026.
Earn Up to 10×* the National Average
All accounts below are FDIC insured up to $250,000. Open online in minutes — no branch visit required.
| CIT Bank · Platinum Savings CIT Platinum Savings — Best Rate for Balances $5,000+ 4.10%1 APY with promo · 6-month boost · $5,000+ balance 🎁 Use promo code CITBoost to activate the 4.10% APY promotion (offer ends May 31, 2026)
| Min. deposit $100 Limited-time offer |
CIT Platinum Savings APY Boost Promotion (promo code CITBoost)
1This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.
Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.
The Promotion begins on February 13, 2026, and ends May 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6- month period outlined in the terms and conditions.
The promotion can end at any time without notice.
For a complete list of account details and fees, see our Personal Account disclosures.
| Valley Bank Direct Valley Direct High Yield Savings — Best for Any Balance 4.00%2 APY · Promotional rate as of 5/10/26
| Min. deposit $1,000 |
2Valley Direct 4.00% APY is a promotional rate as of 5/10/26.
| CIT Bank · Savings Connect CIT Savings Connect — No Tier Minimums 3.65%3 APY · Any balance · 9× national average
| Min. deposit $100 |
3APY — 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.
For a complete list of account details and fees, see our Personal Account disclosures.
*Rates as of May10, 2026 and subject to change. FDIC insured up to $250,000 per depositor. National average savings APY 0.38% (FDIC, April 20, 2026).
How Do These Rates Stack Up?
See why the big banks are leaving money on the table — and where you should actually keep your savings.
Rates as of 5/10/26. Rates are variable and subject to change.
Lock In a Rate — Keep the Flexibility
A no-penalty CD lets you lock in today’s high rates with the freedom to withdraw without fees if you need the money early. Best of both worlds.
| CIT Bank · 11-Month No-Penalty CD Best No-Penalty CD — Peace of Mind, No Problem 3.75%1 APY · 11-month term · Rate locked from day one
| Min. deposit $1,000 Rate Guaranteed |
Ally and Bank of America rates as of 5/10/26.
1APY — 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.
For a complete list of account details and fees, see our Personal Account disclosures.
💡 Why Choose a No-Penalty CD Over a Savings Account?
With rates trending down, locking in 3.75%1 APY for 11 months means you keep earning at today’s high rate even if rates drop — and you can still access your money if needed.
Lock In Up to 4.00% APY — Before Rates Drop
CDs offer a guaranteed fixed rate for the entire term — a smart move when rates are at historic highs and expected to fall.
| Valley Bank Direct · 9-Month CD Valley Direct CD — Best High Yield CD Available 4.00% APY · 9-month term · Rate locked from day one
| Min. deposit $1,000 Top Rate |
| CIT Bank · 6-Month CD CIT Bank 6-Month CD — Short-Term Rate Lock Market Leading Rate APY · 6-month term
| Open CD → |
Rates as of 5/10/26. National CD Average per FDIC.gov (4/20/26). CD rates are trending down — act now to lock in today’s high rates.
Smart Research. Honest Reviews.
We do the legwork so you can choose with confidence — not guesswork.
| 🔍 Independent ResearchOur recommendations are based on verified data and real rate comparisons — not advertising budgets. | 🏢 FDIC-Insured OnlyEvery account we feature is federally insured up to $250,000 per depositor, per institution. | 📊 Rates Updated RegularlyWe monitor rates weekly and update our comparisons so you always see the most relevant offers. | 🔐 Your Info Stays PrivateAll accounts are opened directly on the bank’s website. We never collect your personal financial data. |
Trusted Banks. Proven Track Records.
Our featured partners have decades of history and billions in assets.
🏛️ Valley Bank — Founded 1927 · $64B in assets
🛡️ All accounts FDIC insured up to $250,000
What Savers Are Saying
These are real reviews from verified users of our featured accounts.
| ★★★★★ “CIT Bank has been fantastic for me… They are quick with transfers in and out… I’ve been with them for years and I’d recommend them to anyone.” Reddit user · r/personalfinance | ★★★★★ “Valley Direct made it easy to send small transfers with Zelle — convenient and straightforward.” User · DepositAccounts.com |
Testimonials reflect individual user experiences and are not endorsed by CIT Bank or Valley Bank Direct. Results may vary.
High Yield Savings & CD Questions Answered
Still on the fence? Here are the most common questions from first-time savers.
Still have questions? Read our full Savings & CDs Guide or High Yield Savings deep dive.
Start Earning More Today
Rates are high now — but Fed cuts could change that at any time. Open an account in under 10 minutes and start putting your money to work.
Open Valley Direct (4.00% APY) 1
Open CIT Savings (4.10% APY)2
Open No-Penalty CD (3.75%)3
Disclosures: Credit and Cents is an affiliate partner for CIT Bank (a division of First Citizens Bank) and Valley Direct Bank. We earn a commission if you open an account via our links, at no cost to you. All product reviews are based on independent research. All accounts are opened on the bank’s website only — no personal information is collected on this site.
1Valley Direct 4.00% APY is a promotional rate as of 5/10/26.
2CIT Platinum Savings APY Boost Promotion (promo code CITBoost). This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria. Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.
The Promotion begins on February 13, 2026, and ends May 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6- month period outlined in the terms and conditions.
The promotion can end at any time without notice.
3APY — 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.
For a complete list of account details and fees, see our Personal Account disclosures.
National average savings APY: 0.38% (FDIC, 4/20/26). National average 12-mo CD APY: 1.53% (FDIC, 4/20/26). Rates are variable and subject to change without notice.
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