Citibank vs. GO2bank
Comparing Citibank and GO2bank for high-yield savings: Citibank's Citi Accelerate Savings pays 3.20% APY while GO2bank's High Yield Savings pays 4.50% APY.
Note: GO2bank caps its top rate at $5,000 and requires a checking account.
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 $95 more than GO2bank annually ($320 vs $225).
Choose Citibank if getting the best rate matters most, you want a no-strings-attached account, or you want Zelle for quick transfers.
Important Considerations
Watch out: GO2bank's 4.50% APY only applies to the first $5,000. With a $10,000 balance, your effective rate drops to 2.25% APY ($225 annually).
At balances above $7,031, Citibank earns more due to GO2bank's APY cap.
GO2bank requires a checking account to unlock its top savings rate, while Citibank offers its savings account standalone.
Citibank's Accelerate Savings is only available in select states where Citi has no branch presence. Check eligibility before applying.
| Metric | CitibankCiti Accelerate Savings Feb 21, 2026 | GO2bankHigh Yield Savings Feb 21, 2026 |
|---|---|---|
| APY | 3.20% | 0.00% - 4.50% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$225 $10,000+$225 $25,000+$225 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | Eligibility restricted to select states. | A GO2bank checking account is required to open a savings account. The 4.50% APY is up to $5,000. Balances above that earn no interest. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking BundleStable Rate |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Executive Summary
GO2bank offers a competitive High Yield Savings account with an APY of 4.50%, significantly higher than Citibank's Citi Accelerate Savings, which provides an APY of 3.20%. However, to access the higher yield at GO2bank, customers must maintain a GO2bank checking account, and the 4.50% APY applies only to balances up to $5,000, with no interest earned on amounts exceeding that limit. In contrast, Citibank's savings account has no such balance cap and does not require a checking account, making it a simpler option for those in eligible states. Citibank's account is available in select states, while GO2bank operates online only.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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.)
- ✓Fast transfers via Zelle® (up to $2,500 a day)
Why GO2bank?
- ✓Higher potential APY (4.50% vs 3.20%) on balances up to $5,000 (requires checking bundle)
- ✓Available Nationwide
— Key Feature Differences —
Better Returns at $10,000
CitibankCitibank's Citi Accelerate Savings earns more on smaller deposits (approx. $320 vs $225/yr).
Better Returns at $25,000
CitibankCitibank's Citi Accelerate Savings pulls ahead with larger amounts (approx. $800 vs $225/yr).
Best for Simplicity
CitibankCitibank's Citi Accelerate Savings offers 3.20% 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. 4.5)
Shared Benefits
Over a 1-year period, Citibank's Citi Accelerate Savings pays $95 more interest on a $10,000 balance than GO2bank's High Yield 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
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Citibank vs. GO2bank Savings Calculator
You earn $95 more with Citibank than GO2bank 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+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
GO2bank
High Yield Savings
4.50% on first $5,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$225.00(2.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,225.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $224 per year in interest.
Both Citibank and GO2bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Citibank | GO2bank |
|---|---|---|
| APY | 3.20% Verified: 2/21/2026 ↘︎ 0.10%90d Change | 4.50% 0Verified: 2/21/2026 Stable (90d) |
| Product Name | Citi Accelerate Savings | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $4.50. Waived for average monthly balances > $500 | $5 per month, unless you set up direct deposit |
| Compound Frequency | Daily | Quarterly |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | U.S. branches are concentrated in six metropolitan areas, New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. | N/A |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $2,500/dayTiered limits based on account status (Citigold higher). | Not Supported |
| BBB Rating | D- | Not Rated |
| Important Notes | Eligibility restricted to select states. | A GO2bank checking account is required to open a savings account. The 4.50% APY is up to $5,000. Balances above that earn no interest. |
| Next Steps | Visit SiteVerify at Citibank Non-sponsored link to official site | Visit SiteVerify at GO2bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Citibank | GO2bank | |
|---|---|---|---|
| Citi® Savings Account | Citi Accelerate Savings | High Yield Savings | |
Current APY | 0.03% | 3.20% | 4.50% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -0.0 | -4.7 | 0.0 |
Days Since Change | 198 | 25 | 198 |
7-Month High | 0.03% | 3.50% | 4.50% |
7-Month Low | 0.03% | 3.20% | 4.50% |
Adjustments / Mo | 0.00 | 0.60 | 0.00 |
Volatility Score | 0.000 | 0.027 | 0.000 |
How to read these metrics(Click to expand)
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Compare Citibank's APY of 3.20% with other banks
Compare GO2bank's APY of 4.50% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| GO2bank vs Ally Bank | 3.20% | $0 |
| GO2bank vs American Express | 3.30% | $0 |
| GO2bank vs Axos Bank | 4.21% | $0 |
| GO2bank vs Bank of America | 0.01% | $100 |
| GO2bank vs Barclays | 3.85% | $0 |
| GO2bank vs Capital One | 3.30% | $0 |
| GO2bank vs Chase Bank | 0.01% | $0 |
| GO2bank vs Chime | 3.00% | $0 |
| GO2bank vs CIT Bank | 3.75% | $100 |
| GO2bank vs Discover Bank | 3.30% | $0 |
| GO2bank vs EverBank | 3.90% | $0 |
| GO2bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| GO2bank vs Newtek Bank | 4.20% | $0.01 |
| GO2bank vs Openbank | 4.09% | $500 |
| GO2bank vs Pibank | 4.60% | $0 |
| GO2bank vs SoFi Bank | 4.00% | $0 |
| GO2bank vs Synchrony Bank | 3.50% | $0 |
| GO2bank vs Varo Bank | 5.00% | $0 |
| GO2bank vs Wealthfront | 3.95% | $0 |
| GO2bank vs Wells Fargo | 0.05% | $25 |