Bank Of America vs. Citibank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Bank of America vs. Citibank
Key Metrics at a Glance
| Feature | Bank of America | Citibank |
|---|---|---|
| Top Savings APY | 0.01% Advantage Savings | 3.35% Citi Accelerate Savings |
| Minimum to Open | $100 | $0 |
| Minimum Balance for Top APY | $0.01 | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. |
Bank of America
Strengths
- Bank of America has an A+ BBB rating, indicating higher trustworthiness.
- The Advantage Savings account has a low minimum deposit requirement of $100.
Potential Drawbacks
- The current APY for Bank of America is only 0.01%, unchanged from 30 days ago.
- Bank of America charges an $8 monthly maintenance fee unless conditions are met.
Citibank
Strengths
- Citibank's Citi Accelerate Savings offers a competitive APY of 3.35%, up from 3.40% last month.
- Citibank has a higher App Store rating of 4.9 compared to Bank of America's 4.8.
Potential Drawbacks
- Citibank has a D- BBB rating and is not BBB Accredited.
- Citibank charges a $4.50 monthly maintenance fee unless average balances exceed $500.
Summary: Bank of America offers a low APY of 0.01% with an A+ BBB rating, while Citibank provides a significantly higher APY of 3.35% but has a poor D- BBB rating. Both banks charge monthly maintenance fees, but Citibank's fee is lower if balance requirements are met. Citibank also has a better App Store rating, indicating higher customer satisfaction.
→ As of November 12, 2025 Bank of America offers an APY of 0.01% for its Advantage Savings account, with a minimum balance of , compared to Citibank's 3.35% APY for its Citi Accelerate Savings account, with a minimum balance of $0.01.
→ Citibank yields $334 more than Bank of America on a $10,000 balance after one year. Bank of America pays $1, while Citibank pays $335 - an APY advantage for Citibank.
→ In addition, Citibank also offers 0.03% APY for the Citi® Savings Account account.
Calculate Savings Growth for Bank of America vs Citibank
All calculations are based on APY.
Bank of America - Advantage Savings
Top APY: 0.01%
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Effective APY: 0.01% (based on your deposit and contributions)
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewCitibank - Citi Accelerate Savings
Top APY: 3.35%
Total savings breakdown:
- Interest earned: $2,018.8 (10.08%)
- Total contributions: $13,000 (64.94%)
- Initial deposit: $5,000 (24.98%)
Your total balance
$20,018.80
Effective APY: 3.35% (based on your deposit and contributions)
Total balance: $20,018.8
Earnings: $2,018.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bank of America's total earnings would be $2,013.1 lower than Citibank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bank of America's vs Citibank's Savings Accounts
| Bank of America | Citibank | |||
|---|---|---|---|---|
| Product | Advantage Savings | vs | Citi Accelerate Savings | Citi® Savings Account |
| APY | 0.01% (as of 11/12/2025) | 3.35% (as of 11/12/2025) | 0.03% (as of 11/12/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | No | Yes | No | |
| Compound Frequency | Monthly | Daily | Daily | |
| Minimum Deposit | $100 | $0 | $0 | |
| Minimum Balance for APY | N/A | $0.01 | $0.01 | |
| Maintenance Fee | $8 | $4.50. Waived for average monthly balances > $500 | $4.50. Waived for average monthly balances > $500 | |
| Direct Deposit Required | No | No | No | |
| Eligibility | United States | 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. | |
| Note | APY may vary by market. The monthly fee may be waived under some circumstances, such as if you maintain a minimum balance of $500, or are below the age of 25, etc. | |||
| App Store Rating | 4.8/5 | 4.9/5 | ||
| Google Play Rating | 4.6/5 | 4.8/5 | ||
| BBB Rating | A+ | D- | ||
Comparative Historical APY Insights (Last 9 Months)
| Bank of America | Citibank | |||
|---|---|---|---|---|
| Product | Advantage Savings | vs | Citi® Savings Account | Citi Accelerate Savings |
| Latest APY | 0.01 % | 0.03 % | 3.35 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -0.0 | -4.8 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.52 | |
| Days Since Last Change | 288 | 288 | 9 | |
| High (-9 m) | 0.01 % | 0.03 % | 3.80 % | |
| Low (-9 m) | 0.01 % | 0.03 % | 3.35 % | |
| Draw-down from High | 0.0 % | 0.0 % | -11.8 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.039 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 9 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 (-9 m)
- Highest APY in the last 288 days.
- Low (-9 m)
- Lowest APY in the last 288 days.
- Draw-down from High
- How far today sits below the 9-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.