Citibank: Savings Accounts & Rates
Mission: Banksparency aims to make Citibank's savings accounts transparent and comparable to the market.
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 4.21% 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)
Our Take on Citibank
The Good
- Decent APY of 3.30%
- No minimum deposit or balance requirements
- Monthly fees can be waived
- Top-tier mobile apps (iOS: 4.9, Android: 4.8)
- Access to physical branches
Considerations
- No physical branch access (online only)
- Yield is below current market leaders
Citibank offers the Citi Accelerate Savings account with an attractive APY of 3.30%. This account has no minimum deposit or balance requirements, and monthly fees can be waived. However, eligibility is restricted to select states, and there are no direct deposit requirements. While the account provides access to top-tier mobile apps, it is important to note that it does not offer physical branch access and the yield is below current market leaders.
Top Market Contenders
Savings Accounts: In-Depth View
Savings Accounts Offered by Citibank
| Feature | Citi Accelerate Savings | Citi® Savings Account |
|---|---|---|
APY | 3.30%Verified: 1/6/2026 | 0.03%Verified: 1/6/2026 |
APY Trend | Rate Adjusted -0.10% Since 90 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+$1,282.10(8.4%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,282.10
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 11 Months| Metric | Citi® Savings Account | Citi Accelerate Savings |
|---|---|---|
Latest APY | 0.03% | 3.30% |
Trend | Sideways | Sideways |
Slope (bps/mo) | 0.0 | -4.8 |
Rate Changes / Mo | 0.00 | 0.52 |
Days Since Last Change | 343 | 49 |
High (-11m) | 0.03% | 3.80% |
Low (-11m) | 0.03% | 3.30% |
Draw-down | 0.0% | -13.2% |
Volatility (CV) | 0.000 | 0.047 |
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 343-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 | 3.30%Verified: 1/6/2026 | - |
APY Trend | Rate Adjusted -0.10% Since 90 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 3.30% 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
Chime
Chime High-Yield Savings Account: 3.50% APY
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Direct Deposit: You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days
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PNC High Yield Savings: 3.30% APY
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Wealthfront
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Presidential Bank
Advantage Savings: 3.75% APY
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Minimum Deposit: $5,000
Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.
Quontic Bank
High Yield Savings: 3.50% APY
Minimum Deposit: $100
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CIT Bank
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Axos Bank
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Axos ONE: 4.31% APY
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Varo Bank
High-Yield Savings Account: 5.00% APY
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Minimum Deposit: $0
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Direct Deposit: Min. $1,000/month
GO2bank
High Yield Savings: 4.50% APY
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Minimum Deposit: $0
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Citizens Access™
Citizens Access® Savings: 3.15% APY
Minimum Deposit: $0.01
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Bask Bank
Interest Savings Account: 3.75% APY
Minimum Deposit: $0
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