When deciding on a CIT Bank savings account, it's essential to understand the differences between Savings Connect, Savings Builder, and Platinum Savings to determine which suits your financial goals best.

The Savings Connect account offers a competitive APY, contingent on linking it with an eChecking account and making a monthly deposit of at least $200. This structure encourages consistent savings habits and provides a higher interest rate, making it ideal for those who can maintain regular deposits and seek a robust return on their balance.

Conversely, the Savings Builder account also incentivizes regular deposits but with a more flexible structure. To earn the highest APY, you either need a minimum monthly deposit of $100 or maintain a daily balance of at least $25,000. This account caters to individuals who can either save consistently or already have a substantial savings balance, offering versatility in meeting the qualifying criteria.

The Platinum Savings account stands out with its tiered interest rates based on the account balance. Higher balances earn a more favorable APY, making it a compelling option for those with significant savings. While it lacks the structured deposit requirements of the other accounts, its appeal lies in rewarding substantial balances with higher interest.

In summary, Savings Connect suits those with steady income, Savings Builder offers flexibility for consistent savers or those with significant balances, and Platinum Savings caters to individuals with substantial existing funds seeking the highest potential returns.