Citibank

Last Updated: 7/3/2025

Note: Interest rates below are reported as APY, or Annual Percentage Yield

Quick Views

Citi Accelerate Savings: 3.60% APY(Rank 69 out of 76 tracked HYSAs)

Minimum Deposit: $0 | Online Only | Eligible States: Limited (see below)

Citi® Savings Account: 0.03% APY(Rank 84 out of 88 savings accounts)

Minimum Deposit: $0 | Eligible States: Limited (see below)

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
Summary: Citibank offers two savings accounts, with the Citi Accelerate Savings providing a notable APY of 3.60%. However, the bank's BBB rating of D- raises concerns about trustworthiness. While both accounts have no minimum deposit requirements, they do come with a maintenance fee unless certain balance criteria are met. Citibank's high app ratings suggest a positive user experience, but the direct deposit requirement may deter some potential customers.

Savings Accounts

Savings Accounts Offered by Citibank

FeatureCiti® Savings AccountCiti Accelerate Savings
APY
0.03% (as of 7/3/2025)3.60% (as of 7/3/2025)
APY TrendStable for the last monthStable for the last month
Minimum Deposit$0$0
Minimum Balance for APY$0.01$0.01
FDIC-insured
YesYes
Online OnlyNoYes
Bundled Account
NoNo
Direct Deposit Required
NoNo
Compound Frequency
DailyDaily
Maintenance Fee$4.50. Waived for average monthly balances > $500$4.50. Waived for average monthly balances > $500
EligibilityCalifornia, 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

All calculations are based on APY.
Deposit Frequency:

Total savings breakdown:

  • Interest earned: $4 (3.85%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $100 (96.15%)

Your total balance

$104.00

Effective APY: 3.60% (based on your deposit and contributions)

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

Citibank Savings Rates Over Time

Historical APY Insights

MetricCiti® Savings AccountCiti Accelerate Savings
Latest APY0.03 %3.60 %
TrendSidewaysSideways
Slope (bps/mo)0.0-4.8
Rate Changes / Mo0.000.38
Days Since Last Change15759
High (-5 m)0.03 %3.80 %
Low (-5 m)0.03 %3.60 %
Draw-down from High0.0 %-5.3 %
Volatility (CV)0.0000.021
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
FeatureCitibankSelect a bank...
ProductN/A
APY
3.60% (as of 7/3/2025)N/A
Bundled Account
NoN/A
FDIC-insured
YesN/A
Online OnlyYesN/A
Compound Frequency
DailyN/A
Minimum Deposit$0N/A
Minimum Balance for APY$0.01N/A
Maintenance Fee$4.50. Waived for average monthly balances > $500N/A
Direct Deposit Required
NoN/A
EligibilityAlaska, 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

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