Charles Schwab Bank vs. Citibank
Compare rates, requirements, and features side-by-side to find the best option for you.
Charles Schwab Bank
Schwab Bank Investor Savings™
0.15%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessShow Fine Print & Trends Hide Details
Charles Schwab Bank
Schwab Bank Investor Savings™
Citibank
Citi Accelerate Savings
3.30%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Citibank
Citi Accelerate Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Charles Schwab Bank vs. Citibank Savings Calculator
Citibank earns $1,901 more than Charles Schwab Bank.
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$86.10(0.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,086.10
Citibank
Citi Accelerate Savings
Savings Breakdown
- Interest Earned+$1,987.10(9.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,987.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. Citibank
Why Charles Schwab Bank?
- ✓Available Nationwide
Why Citibank?
- ✓Higher potential APY (3.30% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
- ✓Physical branch access (U.S. branches are concentrated in six metropolitan areas, New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami.)
- ✓Higher rated Android app (4.8 vs 2.9)
— Key Feature Differences —
Better Returns at $10,000
CitibankCitibank's Citi Accelerate Savings earns more on smaller deposits (approx. $330 vs $15/yr).
Better Returns at $25,000
CitibankCitibank's Citi Accelerate Savings pulls ahead with larger amounts (approx. $825 vs $38/yr).
Best for Simplicity
CitibankCitibank's Citi Accelerate Savings offers 3.30% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
CitibankCitibank offers an iOS app rated 4.9 (vs. 4.8) and Android app rated 4.8 (vs. 2.9)
Shared Benefits
Over a 1-year period, Citibank's Citi Accelerate Savings pays $315 more interest on a $10,000 balance than Charles Schwab Bank's Schwab Bank Investor Savings™.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Citibank's Citi Accelerate Savings stands out with a competitive APY of 3.30%, significantly higher than Charles Schwab Bank's Schwab Bank Investor Savings™, which offers only 0.15%. Citibank's product is online-only and requires no direct deposit, making it accessible to customers in select states. In contrast, Schwab's savings account has no eligibility restrictions and also does not require direct deposit. However, the substantial difference in APY makes Citibank the preferred choice for savers looking for better returns.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
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See who beats both Charles Schwab Bank and Citibank.
| Feature | Charles Schwab Bank | Citibank |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 3.30% Verified: 12/10/2025 ↘︎ 0.20%90d Change |
| Product Name | Schwab Bank Investor Savings™ | Citi Accelerate Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0.01 |
| Monthly Fee | $0 | $4.50. Waived for average monthly balances > $500 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android2.9 | iOS4.9 Android4.8 |
| BBB Rating | A+ | D- |
| Important Notes | - | Eligibility restricted to select states. |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | Citibank | |
|---|---|---|---|
| Schwab Bank Investor Savings™ | Citi® Savings Account | Citi Accelerate Savings | |
Current APY | 0.15% | 0.03% | 3.30% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -0.0 | 0.0 | -4.9 |
Days Since Change | 314 | 314 | 22 |
10-Month High | 0.15% | 0.03% | 3.80% |
10-Month Low | 0.15% | 0.03% | 3.30% |
Adjustments / Mo | 0.00 | 0.00 | 0.57 |
Volatility Score | 0.000 | 0.000 | 0.044 |
How to read these metrics(Click to expand)
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