Citibank: Savings Accounts & Rates

By Aviel Fahl

Updated: 4/6/2026

Mission: Banksparency aims to make Citibank's savings accounts transparent and comparable to the market.

Interest rates reported as APY

Analysis of Citibank

Our verdict

Citibank offers Citi Accelerate Savings, a high-yield savings account paying 3.15% APY with no minimum deposit.

At 3.15% APY, Citibank pays 8x the national average (0.39%). Ranks in the top tier of 98+ accounts tracked.

Citibank also offers Citi® Savings Account at 0.03% APY — a lower rate.

Ideal User Profile

Best for: simple saving without extra requirements, banking without needing a branch, and quick transfers with Zelle.

Important Considerations

Citi Accelerate Savings is only available in states where Citibank has no branch presence. Check eligibility before applying.

Key Differentiators

Stands out with top-rated iOS app (4.9), highly-rated Android app (4.8), in-person banking available, Zelle for instant transfers.

Savings Overview

Citi Accelerate Savings

3.15% APY

30 days

↘︎ 0.05%

90 days

↘︎ 0.15%

No Minimums Online Only

Rank #75 of 98 tracked.

Eligibility restricted to select states.

Citi® Savings Account

0.03% APY

Very StableNo rate changes in last 90 days

No Minimums Branch Access

Rank #97 of 98 tracked.

Market Reality Check

This bank offers rates below the current top tier. The best rates we track are currently above 4.15% APY.

See Top Rates

National Avg: 0.39% (FDIC, 3/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationNew York, New York
Founded1812
AffiliationSubsidiary of Citigroup (NYSE: C)
Ratings & Trust
4.9iOS 4.8Android D-BBB Not BBB Accredited
Zelle® SupportAvailable
Daily Limit: $2,500Tiered limits based on account status (Citigold higher).
Deposit InsuranceFDIC Insured(Cert: 7213)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$0
Min. Balance in Savings Account	$0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.6

The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

PREMIUM ACCOUNT, GENEROUS BONUS

SponsoredVerified Apr 6, 2026

FDIC Insured

CIT Bank - Platinum Savings

Competitive APY - with a balance of $5,000+
Earn up to $300 bonus with qualifying deposit
Highly rated mobile apps

FDIC Insured

Savings3.75%APY

Up to$300Bonus

Go to CIT Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$5,000
Mobile Ratings	iOS:4.8 Android:4.7

This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Apr 6, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.50%APY

Go to Quontic Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.8

Top Market Contenders

Axos Bank

4.21% APY

vs. Citibank

Capital One

3.20% APY

vs. Citibank

CIT Bank

3.75% APY

vs. Citibank

Popular Peer Comparisons

Chase Bank vs SoFi Bank Bank of America vs Capital One Ally Bank vs EverBank CIT Bank vs EverBank Capital One vs Discover Bank Ally Bank vs Axos Bank

Savings Accounts: In-Depth View

Savings Accounts Offered by Citibank

Feature	Citi Accelerate Savings	Citi® Savings Account
APY	3.15%Verified: 4/6/2026	0.03%Verified: 4/6/2026
APY Trend	30 days ↘︎ 0.05% 90 days ↘︎ 0.15%	Very StableNo rate changes in last 90 days
Min. Deposit	$0	$0
Min. Balance	$0.01	$0.01
Monthly Fee	$4.50. Waived for average monthly balances > $500	$4.50. Waived for average monthly balances > $500
Direct Deposit	None	None
Checking Bundle	No	No
Branch Access	None	Yes
Compounding	Daily	Daily
FDIC Insured	Yes	Yes
Eligibility	Alaska, Alabama, Arkansas, Arizona, Colorado, Delaware, Florida (select parts), Georgia, Hawaii, Iowa, Idaho, Illinois (select parts), Indiana, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia (partial), Washington (partial), Wisconsin, West Virginia, Wyoming.	California, Connecticut, Maryland, Nevada, New Jersey, New York, Virginia (partial), Washington D.C., and select parts of Florida and Illinois. In addition, promotional rates may be available if requirements are met.
Important	Eligibility restricted to select states.	-
Next Steps	-	-

Calculate Savings for Citibank

All calculations are based on APY.

Choose savings account

Initial Deposit

Recurring Deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$1,221.50(8.0%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$15,221.50

Effective APY

3.15%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Citibank Savings Rates Over Time

Historical APY Insights

Last 12 Months

Metric	Citi® Savings Account	Citi Accelerate Savings
Latest APY	0.03%	3.15%
Trend	Sideways	Sideways
Slope (bps/mo)	-0.0	-4.6
Rate Changes / Mo	0.00	0.58
Days Since Last Change	364	27
High (-12m)	0.03%	3.70%
Low (-12m)	0.03%	3.15%
Draw-down	0.0%	-14.9%
Volatility (CV)	0.000	0.048

How to read these metrics▼

Trends & Velocity

Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
Slope (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
Rate Changes / Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

High/Low: The absolute ceiling and floor of the rate during the 365-day window.
Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.

Compare with Citibank

Feature	Current View Citibank	Empty Slot
Product		-
APY	3.15%Verified: 4/6/2026	-
APY Trend	30 days ↘︎ 0.05% 90 days ↘︎ 0.15%	-
Min. Deposit	$0	-
Monthly Fee	$4.50. Waived for average monthly balances > $500	-
Direct Deposit	No	-
Checking Bundle	No	-
Branch Access	None	-
Eligibility	Alaska, Alabama, Arkansas, Arizona, Colorado, Delaware, Florida (select parts), Georgia, Hawaii, Iowa, Idaho, Illinois (select parts), Indiana, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia (partial), Washington (partial), Wisconsin, West Virginia, Wyoming.	-
Compounding	Daily	-
FDIC Insured	Yes	-
Note	Eligibility restricted to select states.	-
Next Steps	-	-

Bank-to-Bank Comparisons

Compare Citibank's APY of 3.15% with other banks

Bank Pair	Competitor APY	Min Deposit
Citibank vs Ally Bank	3.20%	$0
Citibank vs American Express	3.20%	$0
Citibank vs Axos Bank	4.21%	$0
Citibank vs Barclays	3.85%	$0
Citibank vs Capital One	3.20%	$0
Citibank vs Chime	3.00%	$0
Citibank vs CIT Bank	3.75%	$100
Citibank vs Discover Bank	3.30%	$0
Citibank vs EverBank	3.90%	$0
Citibank vs Marcus by Goldman Sachs	3.65%	$0
Citibank vs Newtek Bank	4.20%	$0.01
Citibank vs Openbank	4.00%	$500
Citibank vs Pibank	4.60%	$0
Citibank vs SoFi Bank	4.00%	$0
Citibank vs Synchrony Bank	3.50%	$0
Citibank vs Varo Bank	5.00%	$0
Citibank vs Wealthfront	4.20%	$0