Citibank vs. Ivy Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Citibank vs. Ivy Bank
Key Metrics at a Glance
| Feature | Citibank | Ivy Bank |
|---|---|---|
| Top Savings APY | 3.35% Citi Accelerate Savings | 4.25% High-Yield Savings Account |
| Minimum to Open | $0 | $2,500 |
| Minimum Balance for Top APY | $0.01 | $2,500 |
Citibank
Strengths
- Citi Accelerate Savings has a $0 minimum deposit requirement.
- Citi Accelerate Savings allows for a lower maintenance fee with a balance over $500.
- Citi Bank has a higher App Store rating of 4.9.
Potential Drawbacks
- Citi Bank has a low BBB rating of D- and is not accredited.
- Citi Accelerate Savings' current APY is lower than Ivy Bank's at 3.35%.
- Citi Bank has a maintenance fee of $4.50.
Ivy Bank
Strengths
- Ivy Bank offers a higher APY of 4.25% for its High-Yield Savings Account.
- Ivy Bank has no maintenance fees.
- Ivy Bank has a strong BBB rating of A-.
Potential Drawbacks
- Ivy Bank requires a minimum deposit and balance of $2,500.
- Ivy Bank has a lower App Store rating of 4.7.
- Ivy Bank has no physical 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 Ivy Bank's 4.25% APY for its High-Yield Savings Account, with a minimum balance of $2,500.
→ Ivy Bank yields $90 more than Citibank on a $10,000 balance after one year. Citibank pays $335, while Ivy Bank pays $425 - an APY advantage for Ivy Bank.
→ In addition, Citibank also offers 0.03% APY for the Citi® Savings Account account.
Calculate Savings Growth for Citibank vs Ivy Bank
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 OverviewIvy Bank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Citibank's total earnings would be $578 lower than Ivy Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Citibank's vs Ivy Bank's Savings Accounts
| Citibank | Ivy Bank | |||
|---|---|---|---|---|
| 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) | 0.05% - 4.25% (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 | $2,500 | |
| Minimum Balance for APY | $0.01 | $0.01 | $2,500 | |
| 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. | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | |
| App Store Rating | 4.9/5 | 4.7/5 | ||
| Google Play Rating | 4.8/5 | 3.5/5 | ||
| BBB Rating | D- | A- | ||
No historical data available.