Chase Bank vs. Citibank
Comparing Chase Bank and Citibank for savings: Chase Bank's Chase Savings℠ pays 0.01% APY while Citibank's Citi Accelerate Savings pays 3.20% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Citibank pays $319 more than Chase Bank annually ($320 vs $1).
Choose Chase Bank if BBB rating matters to you, or you value in-person banking. Choose Citibank if getting the best rate matters most.
Important Considerations
Citibank's Accelerate Savings is only available in select states where Citi has no branch presence. Check eligibility before applying.
| Metric | Chase BankChase Savings℠ Feb 21, 2026 | CitibankCiti Accelerate Savings Feb 21, 2026 |
|---|---|---|
| APY | 0.01% | 3.20% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$160 $10,000+$320 $25,000+$800 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | Eligibility restricted to select states. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedStable Rate | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing Chase Bank vs. Citibank
Executive Summary
Citibank offers a significant advantage with its Citi Accelerate Savings account, featuring an APY of 3.20%, which is markedly higher than Chase Bank's Chase Savings℠ at 0.01%. Citibank's account is online-only and requires a minimum balance of $0.01, while also waiving its $4.50 maintenance fee for average monthly balances over $500. In contrast, Chase's account has a $5 maintenance fee that can be waived under certain conditions. Additionally, Citibank's account does not require direct deposit, making it a straightforward option for savers. However, eligibility for the Citi Accelerate Savings is restricted to select states.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Chase Bank?
- ✓Available Nationwide
Why Citibank?
- ✓Higher potential APY (3.20% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
CitibankCitibank's Citi Accelerate Savings earns more on smaller deposits (approx. $320 vs $1/yr).
Better Returns at $25,000
CitibankCitibank's Citi Accelerate Savings pulls ahead with larger amounts (approx. $800 vs $3/yr).
Best for Simplicity
CitibankCitibank's Citi Accelerate Savings offers 3.20% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Citibank's Citi Accelerate Savings pays $319 more interest on a $10,000 balance than Chase Bank's Chase Savings℠.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Chase Bank vs. Citibank Savings Calculator
You earn $319 more with Citibank than Chase Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Chase Bank
Chase Savings℠
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
Citibank
Citi Accelerate Savings
Savings Breakdown
- Interest Earned+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Chase Bank | Citibank |
|---|---|---|
| APY | 0.01% Verified: 2/21/2026 Stable (90d) | 3.20% Verified: 2/21/2026 ↘︎ 0.10%90d Change |
| Product Name | Chase Savings℠ | Citi Accelerate Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $5 | $4.50. Waived for average monthly balances > $500 |
| Compound Frequency | Monthly | Daily |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Physical Branches | Chase has more than 5,000 branches in nearly all of the United States, but not in Alaska and Hawaii. | U.S. branches are concentrated in six metropolitan areas, New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $2,000/dayBranded as Chase QuickPay; dynamic limits up to $10k. | Available Limit: $2,500/dayTiered limits based on account status (Citigold higher). |
| BBB Rating | A- | D- |
| Important Notes | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | Eligibility restricted to select states. |
| Next Steps | Visit SiteVerify at Chase Bank Non-sponsored link to official site | Visit SiteVerify at Citibank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Chase Bank | Citibank | |
|---|---|---|---|
| Chase Savings℠ | Citi® Savings Account | Citi Accelerate Savings | |
Current APY | 0.01% | 0.03% | 3.20% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | 0.0 | -0.0 | -4.7 |
Days Since Change | 365 | 365 | 25 |
12-Month High | 0.01% | 0.03% | 3.80% |
12-Month Low | 0.01% | 0.03% | 3.20% |
Adjustments / Mo | 0.00 | 0.00 | 0.58 |
Volatility Score | 0.000 | 0.000 | 0.049 |
How to read these metrics(Click to expand)
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