Citibank vs. Elevault
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Citibank vs. Elevault
Key Metrics at a Glance
| Feature | Citibank | Elevault |
|---|---|---|
| Top Savings APY | 3.35% Citi Accelerate Savings | 4.08% High Yield Savings Account |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0.01 | $0 |
| Note | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
Citibank
Strengths
- Citi Accelerate Savings offers a competitive APY of 3.35%, though it's lower than 30 days ago.
- Citi Accelerate Savings account has a low minimum balance requirement of $0.01.
- Citi has a high App Store rating of 4.9.
Potential Drawbacks
- Citi has a poor BBB rating of D- and is not accredited.
- Citi Accelerate Savings has a maintenance fee of $4.50 unless balance requirements are met.
- Citi's APY is significantly lower than Elevault's.
Elevault
Strengths
- Elevault's High Yield Savings Account offers a higher APY of 4.08%, though it's down from 4.34% last month.
- Elevault has no maintenance fees for its savings account.
- Elevault holds an excellent BBB rating of A+.
Potential Drawbacks
- Elevault has a lower App Store rating of 3.7.
- Elevault's APY applies only to balances up to $250,000.
- Elevault does not have physical branches.
Summary: Citi's high-yield savings account offers a 3.35% APY with a maintenance fee, while Elevault provides a higher 4.08% APY with no fees. However, Citi has a better App Store rating, while Elevault boasts a superior BBB rating of A+. Both banks require no minimum deposits, but Elevault's APY is limited to lower balances. Overall, Elevault presents a more attractive savings option despite its lack of branches.
→ As of November 12, 2025 Citibank offers an APY of 3.35% for its Citi Accelerate Savings account, with a minimum balance of $0.01, compared to Elevault's 4.08% APY for its High Yield Savings Account, with a minimum balance of $0.
→ Elevault yields $73 more than Citibank on a $10,000 balance after one year. Citibank pays $335, while Elevault pays $408 - an APY advantage for Elevault.
→ In addition, Citibank also offers 0.03% APY for the Citi® Savings Account account.
Calculate Savings Growth for Citibank vs Elevault
All calculations are based on APY.
Citibank - 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 OverviewElevault - High Yield Savings Account
Top APY: 4.08%
Total savings breakdown:
- Interest earned: $2,486.4 (12.14%)
- Total contributions: $13,000 (63.46%)
- Initial deposit: $5,000 (24.41%)
Your total balance
$20,486.40
Effective APY: 4.08% (based on your deposit and contributions)
Total balance: $20,486.4
Earnings: $2,486.4
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Citibank's total earnings would be $467.6 lower than Elevault's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Citibank's vs Elevault's Savings Accounts
| Citibank | Elevault | |||
|---|---|---|---|---|
| Product | Citi Accelerate Savings | Citi® Savings Account | vs | High Yield Savings Account |
| APY | 3.35% (as of 11/12/2025) | 0.03% (as of 11/12/2025) | 4.08% (as of 11/12/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | No | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | |
| Minimum Balance for APY | $0.01 | $0.01 | $0 | |
| Maintenance Fee | $4.50. Waived for average monthly balances > $500 | $4.50. Waived for average monthly balances > $500 | $0 | |
| Direct Deposit Required | No | No | No | |
| 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. | United States | |
| Note | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. | |||
| App Store Rating | 4.9/5 | 3.7/5 | ||
| Google Play Rating | 4.8/5 | 4.0/5 | ||
| BBB Rating | D- | A+ | ||
Comparative Historical APY Insights (Last 3 Months)
| Citibank | Elevault | |||
|---|---|---|---|---|
| Product | Citi® Savings Account | Citi Accelerate Savings | vs | High Yield Savings Account |
| Latest APY | 0.03 % | 3.35 % | 4.08 % | |
| Trend | Sideways | Falling | Falling | |
| Slope (bps/mo) | -0.0 | -5.0 | -15.7 | |
| Rate Changes / Mo | 0.00 | 0.61 | 0.61 | |
| Days Since Last Change | 99 | 9 | 9 | |
| High (-3 m) | 0.03 % | 3.50 % | 4.60 % | |
| Low (-3 m) | 0.03 % | 3.35 % | 4.08 % | |
| Draw-down from High | 0.0 % | -4.3 % | -11.3 % | |
| Volatility (CV) | 0.000 | 0.016 | 0.040 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 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 (-3 m)
- Highest APY in the last 99 days.
- Low (-3 m)
- Lowest APY in the last 99 days.
- Draw-down from High
- How far today sits below the 3-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.