Citibank
Last Updated: 7/3/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
Citi Accelerate Savings: 3.60% APY(Rank 69 out of 76 tracked HYSAs)
Citi® Savings Account: 0.03% APY(Rank 84 out of 88 savings accounts)
National Savings Interest Rate: 0.38% (as of 6/16/2025)
Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.
(Source: FDIC)Bank Overview
Location: New York, New York
Founded: 1812
Affiliation: Subsidiary of Citigroup (NYSE: C)
Access to Branches: U.S. branches are concentrated in six metropolitan areas, New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami.
BBB Rating: D- (Not BBB Accredited)
App Store Rating: 4.9/5
Google Play Rating: 4.7/5
Website: Visit Citibank
Our Take on Citibank
Highlights
- Citi Accelerate Savings offers a competitive APY of 3.60%
- App Store rating of 4.9 indicates strong user satisfaction
- Google Play rating of 4.7 shows positive mobile experience
- No minimum deposit required for savings accounts
Considerations
- BBB rating is D- and not accredited, indicating trust issues
- Citi Savings Account offers only 0.03% APY
- Maintenance fee of $4.50 applies unless balance exceeds $500
- Direct deposit requirement could limit account accessibility
Savings Accounts
Savings Accounts Offered by Citibank
Feature | Citi® Savings Account | Citi Accelerate Savings |
---|---|---|
APY | 0.03% (as of 7/3/2025) | 3.60% (as of 7/3/2025) |
APY Trend | Stable for the last month | Stable for the last month |
Minimum Deposit | $0 | $0 |
Minimum Balance for APY | $0.01 | $0.01 |
FDIC-insured | Yes | Yes |
Online Only | No | Yes |
Bundled Account | No | No |
Direct Deposit Required | No | No |
Compound Frequency | Daily | Daily |
Maintenance Fee | $4.50. Waived for average monthly balances > $500 | $4.50. Waived for average monthly balances > $500 |
Eligibility | 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. | 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. |
No deposit agreement summary available for this bank. |
Calculate Savings for Citibank
Total savings breakdown:
- Interest earned: $4 (3.85%)
- Total contributions: $0 (0.00%)
- Initial deposit: $100 (96.15%)
Your total balance
$104.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Citibank Savings Rates Over Time
Historical APY Insights
Metric | Citi® Savings Account | Citi Accelerate Savings |
---|---|---|
Latest APY | 0.03 % | 3.60 % |
Trend | Sideways | Sideways |
Slope (bps/mo) | 0.0 | -4.8 |
Rate Changes / Mo | 0.00 | 0.38 |
Days Since Last Change | 157 | 59 |
High (-5 m) | 0.03 % | 3.80 % |
Low (-5 m) | 0.03 % | 3.60 % |
Draw-down from High | 0.0 % | -5.3 % |
Volatility (CV) | 0.000 | 0.021 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 5 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-5 m)
- Highest APY in the last 157 days.
- Low (-5 m)
- Lowest APY in the last 157 days.
- Draw-down from High
- How far today sits below the 5-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Compare Citibank's Savings Accounts
- Affirm - 3.85% APY
- All America Bank - 1.50-3.25% APY
- Ally Bank - 3.50% APY
- Amalgamated Bank - 2.25% APY
- American Express - 3.60% APY
- Axos Bank - 4.66% APY
- Bank5 Connect - 4.05% APY
- Bank of America - 0.01% APY
- Barclays - 3.90-4.10% APY
- Bask Bank - 4.20% APY
- Betterment - 4.00% APY
- BMO Alto - 3.60% APY
- Bread Savings - 4.30% APY
- BrioDirect - 4.30% APY
- Capital One - 3.50% APY
- Carver Bank - 4.00% APY
- Charles Schwab Bank - 0.15% APY
- Chase Bank - 0.01% APY
- Chime - 1.25-3.75% APY
- CIBC Bank USA - 4.11% APY
- CIT Bank - 0.25-4.00% APY
- Citizens Access™ - 3.70% APY
- Colorado Federal Savings Bank - 4.25% APY
- ConnectOne Bank - 4.00% APY
- Customers Bank - 4.23% APY
- Discover Bank - 3.50% APY
- E*TRADE from Morgan Stanley - 4.00% APY
- EverBank - 4.30% APY
- Evergreen Bank Group - 4.25% APY
- First Foundation Bank - 4.25% APY
- Fitness Bank - 5.00% APY
- Flagstar Bank - 4.00% APY
- Forbright Bank - 4.25% APY
- FVCbank - 4.35% APY
- High Plains Bank - 0.23-3.82% APY
- Jenius Bank - 4.20% APY
- LendingClub - 3.40-4.40% APY
- Live Oak Bank - 4.10% APY
- Marcus by Goldman Sachs - 3.65% APY
- My Banking Direct - 4.30% APY
- MySavingsDirect - 3.75% APY
- Neighbors Bank - 4.60% APY
- Newtek Bank - 4.35% APY
- OMB Bank - 1.00% APY
- Openbank - 4.30% APY
- Peak Bank - 4.44% APY
- Pibank - 4.60% APY
- PNC - 3.95% APY
- Poppy Bank - 4.25% APY
- Popular Direct - 4.05% APY
- Presidential Bank - 4.00-4.50% APY
- Prime Alliance Bank - 4.05% APY
- Primis Bank - 4.35% APY
- Quontic Bank - 3.75% APY
- RBMAX - 4.15% APY
- Rising Bank - 4.30% APY
- ROGER - 4.12% APY
- Salem Five Direct - 4.01% APY
- Sallie Mae Bank - 3.90% APY
- Santander Bank - 0.03% APY
- SoFi Bank - 3.80% APY
- Synchrony Bank - 3.80% APY
- TAB Bank - 4.15% APY
- TD Bank - 0.05-3.00% APY
- The State Exchange Bank - 1.90% APY
- TIMBR - 4.40% APY
- UFB Direct - 4.01-4.21% APY
- Upgrade - 4.02% APY
- Valley Direct - 4.30% APY
- Varo Bank - 2.50-5.00% APY
- Western Alliance Bank - 4.25% APY
- Zynlo Bank - 4.35% APY
Feature | Citibank | Select a bank... |
---|---|---|
Product | N/A | |
APY | 3.60% (as of 7/3/2025) | N/A |
Bundled Account | No | N/A |
FDIC-insured | Yes | N/A |
Online Only | Yes | N/A |
Compound Frequency | Daily | N/A |
Minimum Deposit | $0 | N/A |
Minimum Balance for APY | $0.01 | N/A |
Maintenance Fee | $4.50. Waived for average monthly balances > $500 | N/A |
Direct Deposit Required | No | N/A |
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. | United States |
Alternatives to Citibank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Chime
Chime Savings Account: 3.75% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only
Direct Deposit: You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days
Evergreen Bank Group
High-Yield Online Savings: 4.25% APY
Minimum Deposit: $100
Online Only
Barclays
Tiered Savings: 4.10% APY
Minimum Deposit: $0
Online Only
Online Savings: 3.70% APY
Minimum Deposit: $0
Online Only
Fitness Bank
Fitness Savings Account: 4.55% APY
Minimum Deposit: $100
Online Only
Fitness Elite Checking & Fitness Savings Combo: 5.00% APY
Bundled Savings & Checking Account
Minimum Deposit: $100
Online Only
TAB Bank
TAB Save: 4.15% APY
Minimum Deposit: $1,000
Online Only
Newtek Bank
Personal High Yield Savings: 4.35% APY
Minimum Deposit: $0
Online Only
Upgrade
Premier Savings: 4.02% APY
Minimum Deposit: $0
Online Only
Pibank
Pibank Savings: 4.60% APY
Minimum Deposit: $0
Online Only
Primis Bank
Primis Savings Account: 4.35% APY
Minimum Deposit: $1
Online Only
Amalgamated Bank
Online Savings: 2.25% APY
Minimum Deposit: $100
Bread Savings
High-Yield Savings Account: 4.30% APY
Minimum Deposit: $100
Online Only
Salem Five Direct
eOne Savings: 4.01% APY
Minimum Deposit: $10
Online Only