Citibank vs. Everbank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Citibank vs. EverBank
Key Metrics at a Glance
| Feature | Citibank | EverBank |
|---|---|---|
| Top Savings APY | 3.35% Citi Accelerate Savings | 4.05% Performance Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0.01 | $0 |
Citibank
Strengths
- Citi Accelerate Savings offers a competitive APY of 3.35%, though lower than 30 days ago.
- Citi Accelerate Savings has no minimum deposit requirement.
- Citi's App Store rating is high at 4.9.
Potential Drawbacks
- Citi has a low 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 Google Play rating is 4.8, lower than its App Store rating.
EverBank
Strengths
- EverBank's Performance Savings offers a higher APY of 4.05%.
- EverBank has no maintenance fees for its savings account.
- EverBank's BBB rating is A+, indicating strong trustworthiness.
Potential Drawbacks
- EverBank's App Store rating is low at 2.3.
- EverBank's Google Play rating is significantly lower at 1.5.
- EverBank has fewer branches, with only 11 locations in Florida and California.
→ 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 EverBank's 4.05% APY for its Performance Savings account, with a minimum balance of $0.
→ EverBank yields $70 more than Citibank on a $10,000 balance after one year. Citibank pays $335, while EverBank pays $405 - an APY advantage for EverBank.
→ In addition, Citibank also offers 0.03% APY for the Citi® Savings Account account.
Calculate Savings Growth for Citibank vs EverBank
Citibank - Citi Accelerate Savings
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
Total balance: $20,018.8
Earnings: $2,018.8
Bank OverviewEverBank - Performance Savings
Total savings breakdown:
- Interest earned: $2,467 (12.05%)
- Total contributions: $13,000 (63.52%)
- Initial deposit: $5,000 (24.43%)
Your total balance
$20,467.00
Total balance: $20,467
Earnings: $2,467
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Citibank's total earnings would be $448.2 lower than EverBank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Citibank's vs EverBank's Savings Accounts
| Citibank | EverBank | |||
|---|---|---|---|---|
| Product | Citi Accelerate Savings | Citi® Savings Account | vs | Performance Savings |
| APY | 3.35% (as of 11/12/2025) | 0.03% (as of 11/12/2025) | 4.05% (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 | |
| App Store Rating | 4.9/5 | 2.3/5 | ||
| Google Play Rating | 4.8/5 | 1.5/5 | ||
| BBB Rating | D- | A+ | ||
Comparative Historical APY Insights (Last 9 Months)
| Citibank | EverBank | |||
|---|---|---|---|---|
| Product | Citi® Savings Account | Citi Accelerate Savings | vs | Performance Savings |
| Latest APY | 0.03 % | 3.35 % | 4.05 % | |
| Trend | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | -4.8 | -2.5 | |
| Rate Changes / Mo | 0.00 | 0.52 | 0.10 | |
| Days Since Last Change | 289 | 9 | 55 | |
| High (-9 m) | 0.03 % | 3.80 % | 4.30 % | |
| Low (-9 m) | 0.03 % | 3.35 % | 4.05 % | |
| Draw-down from High | 0.0 % | -11.8 % | -5.8 % | |
| Volatility (CV) | 0.000 | 0.039 | 0.024 | |
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 289 days.
- Low (-9 m)
- Lowest APY in the last 289 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.