Citibank: Savings Accounts & Rates
Mission: Banksparency aims to make Citibank's savings accounts transparent and comparable to the market.
Analysis of Citibank
Our verdict
Citibank offers Citi Accelerate Savings, a high-yield savings account paying 3.20% APY with no minimum deposit.
At 3.20% APY, Citibank pays 8x the national average (0.39%). Ranks in the top tier of 99+ 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
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
Citi® Savings Account
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.15% APY.
Bank Overview
- HQ LocationNew York, New York
- Founded1812
- AffiliationSubsidiary of Citigroup (NYSE: C)
- Ratings & Trust
- Zelle® SupportAvailableDaily Limit: $2,500Tiered limits based on account status (Citigold higher).
- Deposit InsuranceFDIC Insured(Cert: 7213)
Top Market Contenders
Savings Accounts: In-Depth View
Savings Accounts Offered by Citibank
| Feature | Citi Accelerate Savings | Citi® Savings Account |
|---|---|---|
APY | 3.20%Verified: 2/20/2026 | 0.03%Verified: 2/20/2026 |
APY Trend | Rate Adjusted -0.10% Since 30 days ago | 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
Savings Breakdown
- Interest Earned+$1,241.70(8.1%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,241.70
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% | 3.20% |
Trend | Sideways | Sideways |
Slope (bps/mo) | 0.0 | -4.7 |
Rate Changes / Mo | 0.00 | 0.58 |
Days Since Last Change | 365 | 24 |
High (-12m) | 0.03% | 3.80% |
Low (-12m) | 0.03% | 3.20% |
Draw-down | 0.0% | -15.8% |
Volatility (CV) | 0.000 | 0.049 |
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 | 3.20%Verified: 2/20/2026 | - |
APY Trend | Rate Adjusted -0.10% Since 30 days ago | - |
| 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 3.20% with other banks
Alternatives to Citibank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Prime Alliance Bank
Personal Savings: 3.75% APY
Minimum Deposit: $0
SoFi Bank
SoFi Savings: 4.00% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
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Salem Five Direct
eOne Savings: 3.61% APY
Minimum Deposit: $10
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Rising Bank
High-Yield Savings Account: 3.75% APY
Minimum Deposit: $1,000
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Vio Bank
Online Savings Account: 4.03% APY
Minimum Deposit: $100
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Ameriprise Bank
Savings Account: 3.05% APY
Minimum Deposit: $100
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Discover Bank
Online Savings Account: 3.30% APY (Inactive)
Minimum Deposit: $0
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Forbright Bank
Growth Savings: 3.85% APY
Minimum Deposit: $0
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Bright Savings: 3.45% APY
Minimum Deposit: $250
Eligible States: Limited (see details)
Sprout Savings: 3.45% APY
Minimum Deposit: $1
Eligible States: Limited (see details)
TIMBR
Premium Savings Account: 4.15% APY
Minimum Deposit: $1,000
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PNC
Standard Savings: 0.03% APY
Minimum Deposit: $0
PNC High Yield Savings: 3.30% APY
Minimum Deposit: $0
Eligible States: Limited (see details)
Bread Savings
High-Yield Savings Account: 4.00% APY
Minimum Deposit: $100
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GO2bank
High Yield Savings: 4.50% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
Online Only