Young Americans Are Planning and Saving for Bigger Vacations This Summer, New CIT Bank Survey Finds
CIT Bank (NYSE:FCNCA), a division of First Citizens Bank, released its 2025 Summer Savings Survey revealing that 33% of Americans prioritize saving for travel and vacations over other major expenses. The survey highlights that 47% of Americans plan summer vacations, with higher participation among younger generations - 54% of Gen Z and 56% of Millennials.
Younger travelers are showing more ambitious travel plans, with 41% of Millennials and 35% of Gen Z planning international trips, compared to lower percentages for older generations. Additionally, 48% of Millennials and 44% of Gen Z are planning vacations costing $5,000 or more.
The bank promotes its high-yield savings accounts, including Platinum Savings and Savings Connect, offering interest rates up to 10x the national average to help customers achieve their vacation savings goals.
CIT Bank (NYSE:FCNCA), una divisione di First Citizens Bank, ha pubblicato il suo sondaggio estivo 2025 sui risparmi, rivelando che il 33% degli americani d脿 priorit脿 al risparmio per viaggi e vacanze rispetto ad altre spese importanti. Il sondaggio evidenzia che il 47% degli americani pianifica vacanze estive, con una partecipazione maggiore tra le generazioni pi霉 giovani - il 54% della Generazione Z e il 56% dei Millennials.
I viaggiatori pi霉 giovani mostrano piani di viaggio pi霉 ambiziosi, con il 41% dei Millennials e il 35% della Generazione Z che prevedono viaggi internazionali, percentuali pi霉 basse invece per le generazioni pi霉 anziane. Inoltre, il 48% dei Millennials e il 44% della Generazione Z pianificano vacanze dal costo di 5.000 dollari o pi霉.
La banca promuove i suoi conti di risparmio ad alto rendimento, tra cui Platinum Savings e Savings Connect, offrendo tassi di interesse fino a 10 volte la media nazionale per aiutare i clienti a raggiungere i loro obiettivi di risparmio per le vacanze.
CIT Bank (NYSE:FCNCA), una divisi贸n de First Citizens Bank, public贸 su Encuesta de Ahorros de Verano 2025, revelando que el 33% de los estadounidenses priorizan ahorrar para viajes y vacaciones sobre otros gastos importantes. La encuesta destaca que el 47% de los estadounidenses planea vacaciones de verano, con mayor participaci贸n entre las generaciones m谩s j贸venes: el 54% de la Generaci贸n Z y el 56% de los Millennials.
Los viajeros j贸venes muestran planes de viaje m谩s ambiciosos, con un 41% de los Millennials y un 35% de la Generaci贸n Z planeando viajes internacionales, en comparaci贸n con porcentajes menores en generaciones mayores. Adem谩s, el 48% de los Millennials y el 44% de la Generaci贸n Z est谩n planeando vacaciones que cuestan $5,000 o m谩s.
El banco promociona sus cuentas de ahorro de alto rendimiento, incluyendo Platinum Savings y Savings Connect, ofreciendo tasas de inter茅s hasta 10 veces el promedio nacional para ayudar a los clientes a alcanzar sus metas de ahorro para vacaciones.
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CIT Bank (NYSE:FCNCA), une division de First Citizens Bank, a publi茅 son enqu锚te sur les 茅conomies d'茅t茅 2025 r茅v茅lant que 33 % des Am茅ricains privil茅gient l'茅pargne pour les voyages et les vacances plut么t que pour d'autres d茅penses majeures. L'enqu锚te souligne que 47 % des Am茅ricains pr茅voient des vacances d'茅t茅, avec une participation plus 茅lev茅e chez les g茅n茅rations plus jeunes - 54 % de la g茅n茅ration Z et 56 % des Millennials.
Les jeunes voyageurs affichent des projets de voyage plus ambitieux, avec 41 % des Millennials et 35 % de la g茅n茅ration Z planifiant des voyages 脿 l'international, contre des pourcentages plus faibles chez les g茅n茅rations plus 芒g茅es. De plus, 48 % des Millennials et 44 % de la g茅n茅ration Z pr茅voient des vacances co没tant 5 000 $ ou plus.
La banque met en avant ses comptes d'茅pargne 脿 rendement 茅lev茅, notamment Platinum Savings et Savings Connect, offrant des taux d'int茅r锚t jusqu'脿 10 fois la moyenne nationale pour aider les clients 脿 atteindre leurs objectifs d'茅pargne pour les vacances.
CIT Bank (NYSE:FCNCA), eine Abteilung der First Citizens Bank, ver枚ffentlichte ihre Sommer-Sparumfrage 2025 und zeigte, dass 33 % der Amerikaner das Sparen f眉r Reisen und Urlaub gegen眉ber anderen gro脽en Ausgaben priorisieren. Die Umfrage hebt hervor, dass 47 % der Amerikaner Sommerurlaube planen, mit h枚herer Beteiligung bei j眉ngeren Generationen 鈥� 54 % der Generation Z und 56 % der Millennials.
J眉ngere Reisende zeigen ambitioniertere Reisepl盲ne, wobei 41 % der Millennials und 35 % der Generation Z internationale Reisen planen, im Vergleich zu niedrigeren Anteilen bei 盲lteren Generationen. Zudem planen 48 % der Millennials und 44 % der Generation Z Urlaube, die 5.000 US-Dollar oder mehr kosten.
Die Bank bewirbt ihre hochverzinslichen Sparkonten, darunter Platinum Savings und Savings Connect, die Zinss盲tze von bis zu dem 10-fachen des nationalen Durchschnitts bieten, um Kunden dabei zu helfen, ihre Sparziele f眉r den Urlaub zu erreichen.
- Survey shows strong consumer confidence in travel spending despite economic pressures
- High percentage of younger generations (Gen Z and Millennials) planning expensive international travel indicates robust discretionary spending
- Bank offers competitive high-yield savings products with rates 10x the national average
- None.
Though saving up for a rainy day or a new car are also high priorities, planning for their next getaway is top of mind for more Americans 鈥� and for good reason.
"Saving for a vacation is an optimistic and aspirational financial goal," said Jose Castro, head of CIT Bank, a division of First Citizens Bank. "You spend months looking forward to the trip, then you can enjoy the experience knowing you're financially prepared. Afterward, you return home with memories that can last a lifetime."
One-Third of Americans are Saving for Vacation
When asked which big purchases Americans are saving for in 2025, the number one response from
Warm weather and a break from school have made summer vacations an especially enduring tradition for Americans 鈥� a tradition that younger people are carrying on. While
Younger Americans Have Bigger Vacation Plans
Not only are Gen Z and Millennials more likely to plan summer vacations, they also intend to go farther and spend more than older Americans. Forty-one percent of Millennials and
Whether they're traveling internationally or planning a luxurious trip closer to home, young Americans also intend to spend more:
Making Vacation Saving Easier
For many people, planning the vacation is as much fun as the trip itself. Others prefer the spontaneity of last-minute travel, which can be financially feasible with a vacation fund. Setting up a recurring transfer or direct deposit to a dedicated high-yield savings account gets savers closer to their goal with every paycheck and interest payment. Those kinds of consistent deposits can add up fast.
"A high-yield savings account, like CIT Bank's Platinum Savings or Savings Connect, is an ideal place for your vacation fund," Castro said. "Growing your money in a CIT Bank high-yield savings account, separate from your day-to-day spending, makes it easier to stick to your savings plan. With interest rates up to 10x the national average2, we can help you get there a little faster."
CIT Bank is an FDIC-insured, top-10 online bank backed by the strength and stability of First Citizens Bank. Whether for dream vacations, big purchases or daily living expenses, CIT Bank is committed to growing and preserving savings safely and securely.
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in
- This survey was conducted online within
the United States by The Harris Poll on behalf of CIT Bank from June 12-16, 2025, among 2,083 adults ages 18 and older. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 2.5 percentage points using a95% confidence level. - 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 July 21, 2025.
Contact:
Angela English
803-931-1854
[email protected]
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SOURCE First Citizens BancShares, Inc.
FAQ
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