Citibank vs. Elevault
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | CitibankCiti Accelerate Savings Jan 7, 2026 | ElevaultHigh Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 3.30% | 3.82% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$191 $10,000+$382 $25,000+$955 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | Eligibility restricted to select states. | The 3.82% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo Minimums |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
As of Citibank offers an APY of 3.30% for its Citi Accelerate Savings account, with a minimum balance of $0.01, compared to Elevault's 3.82% APY for its High Yield Savings Account, with a minimum balance of $0.
Elevault pays $52 more than Citibank on a $10,000 balance after one year. Citibank pays $330, while Elevault pays $382 - an APY advantage for Elevault.
In addition, Citibank also offers 0.03% APY for the Citi® Savings Account account, with a minimum balance of $0.01.
Why Citibank?
- ✓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 iOS app (4.9 vs 3.7)
- ✓Higher rated Android app (4.8 vs 3.9)
- ✓Fast transfers via Zelle® (up to $2,500 a day)
Why Elevault?
- ✓Higher potential APY (3.82% vs 3.30%) on all balances
- ✓Available Nationwide
— Key Feature Differences —
Better Returns at $10,000
ElevaultElevault's High Yield Savings Account earns more on smaller deposits (approx. $382 vs $330/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $955 vs $825/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. 3.7) and Android app rated 4.8 (vs. 3.9)
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $52 more interest on a $10,000 balance than Citibank's Citi Accelerate Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Elevault offers a High Yield Savings Account with a competitive APY of 3.82%, significantly higher than Citibank's Citi Accelerate Savings, which provides an APY of 3.30%. Both accounts have no minimum deposit and no direct deposit requirement, making them accessible options. However, Elevault's account has an interest cap at $250,000, and balances above this threshold do not earn interest. In contrast, Citibank's account is available to customers in select states, while Elevault operates online-only. For those seeking higher returns, Elevault is the clear choice.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
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Citibank vs. Elevault Savings Calculator
You earn $52 more with Elevault than Citibank 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.
Citibank
Citi Accelerate Savings
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
Elevault
High Yield Savings Account
3.82% on first $250,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$382.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,382.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Citibank | Elevault |
|---|---|---|
| APY | 3.30% Verified: 1/7/2026 ↘︎ 0.10%90d Change | 3.82% Verified: 1/7/2026 ↘︎ 0.52%90d Change |
| Product Name | Citi Accelerate Savings | High Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $4.50. Waived for average monthly balances > $500 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android4.8 | iOS3.7 Android3.9 |
| Zelle® Support | Available Limit: $2,500/dayTiered limits based on account status (Citigold higher). | Not Supported |
| BBB Rating | D- | A |
| Important Notes | Eligibility restricted to select states. | The 3.82% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Next Steps | Visit SiteVerify at Citibank Non-sponsored link to official site | Visit SiteVerify at Elevault Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Citibank | Elevault | |
|---|---|---|---|
| Citi® Savings Account | Citi Accelerate Savings | High Yield Savings Account | |
Current APY | 0.03% | 3.30% | 3.82% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -0.0 | -4.9 | -17.7 |
Days Since Change | 153 | 50 | 22 |
5-Month High | 0.03% | 3.50% | 4.60% |
5-Month Low | 0.03% | 3.30% | 3.82% |
Adjustments / Mo | 0.00 | 0.58 | 0.58 |
Volatility Score | 0.000 | 0.022 | 0.064 |
How to read these metrics(Click to expand)
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