Citibank vs. Presidential Bank
Comparing Citibank and Presidential Bank for high-yield savings: Citibank's Citi Accelerate Savings pays 3.20% APY while Presidential Bank's Advantage Savings pays 3.75% APY.
Note: Presidential Bank 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? Presidential Bank pays $55 more than Citibank annually ($375 vs $320).
Choose Citibank if you want a no-strings-attached account, or you're an Android user. Choose Presidential Bank if getting the best rate matters most, or you value in-person banking.
Important Considerations
Presidential Bank 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 | Presidential BankAdvantage Savings Feb 21, 2026 |
|---|---|---|
| APY | 3.20% | 3.25% - 3.75% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$188 $10,000+$375 $25,000+$938 |
Min Deposit | $0 | $5,000 |
Snapshot view. Rates subject to change. | ||
Terms | Eligibility restricted to select states. | - |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDirect Deposit ReqChecking BundleRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing Citibank vs. Presidential Bank
Executive Summary
Presidential Bank's Advantage Savings leads with a 3.75% APY, requiring a $500 monthly direct deposit into an Advantage Checking Account, making it ideal for those who prefer bundled banking services. In contrast, Citibank's Citi Accelerate Savings offers a competitive 3.20% APY without any direct deposit requirement or account bundling, but it is only available to residents in select states. Both banks provide online access and have no maintenance fees if certain balance requirements are met. For those looking for higher returns and willing to meet the direct deposit condition, Presidential Bank is the better option.
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
- ✓Higher rated Android app (4.8 vs 4.2)
Why Presidential Bank?
- ✓Higher potential APY (3.75% vs 3.20%) (requires checking bundle & direct deposit)
- ✓Available Nationwide
— Key Feature Differences —
Better Returns at $10,000
Presidential BankPresidential Bank's Advantage Savings earns more on smaller deposits (approx. $375 vs $320/yr).
Better Returns at $25,000
Presidential BankPresidential Bank's Advantage Savings pulls ahead with larger amounts (approx. $938 vs $800/yr).
Best for Simplicity
CitibankCitibank's Citi Accelerate Savings offers 3.20% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
Presidential BankPresidential Bank's Advantage Savings pays a superior APY for customers who also open a checking account.
Best Mobile App Experience
CitibankCitibank offers an iOS app rated 4.9 (vs. 4.8) and Android app rated 4.8 (vs. 4.2)
Shared Benefits
Over a 1-year period, Presidential Bank's Advantage Savings pays $55 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Citibank vs. Presidential Bank Savings Calculator
You earn $55 more with Presidential Bank 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+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
Presidential Bank
Advantage Savings
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
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 $319 per year in interest.
Both Citibank and Presidential Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Citibank | Presidential Bank |
|---|---|---|
| APY | 3.20% Verified: 2/21/2026 ↘︎ 0.10%90d Change | 3.75% Range: 3.25% - 3.75% Verified: 2/21/2026 ↘︎ 0.25%90d Change |
| Product Name | Citi Accelerate Savings | Advantage Savings |
| Minimum Deposit | $0 | $5,000 |
| Min. Balance for APY | $0.01 | N/A |
| Monthly Fee | $4.50. Waived for average monthly balances > $500 | $0 |
| Compound Frequency | Daily | Monthly |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | U.S. branches are concentrated in six metropolitan areas, New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. | 10 locations in Maryland, Virginia and Washington D.C. |
| Direct Deposit Req. | None | RequiredTo earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. |
| 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). | Available Native integration; Advantage Savings supports Zelle. |
| BBB Rating | D- | Not Rated |
| Important Notes | Eligibility restricted to select states. | - |
| Next Steps | Visit SiteVerify at Citibank Non-sponsored link to official site | Visit SiteVerify at Presidential Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Citibank | Presidential Bank | |
|---|---|---|---|
| Citi® Savings Account | Citi Accelerate Savings | Advantage Savings | |
Current APY | 0.03% | 3.20% | 3.75% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -0.0 | -4.7 | -7.2 |
Days Since Change | 365 | 25 | 66 |
12-Month High | 0.03% | 3.80% | 4.50% |
12-Month Low | 0.03% | 3.20% | 3.75% |
Adjustments / Mo | 0.00 | 0.58 | 0.25 |
Volatility Score | 0.000 | 0.049 | 0.075 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Citibank's APY of 3.20% with other banks
Compare Presidential Bank's APY of 3.75% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Presidential Bank vs Ally Bank | 3.20% | $0 |
| Presidential Bank vs American Express | 3.30% | $0 |
| Presidential Bank vs Axos Bank | 4.21% | $0 |
| Presidential Bank vs Bank of America | 0.01% | $100 |
| Presidential Bank vs Barclays | 3.85% | $0 |
| Presidential Bank vs Capital One | 3.30% | $0 |
| Presidential Bank vs Chase Bank | 0.01% | $0 |
| Presidential Bank vs Chime | 3.00% | $0 |
| Presidential Bank vs CIT Bank | 3.75% | $100 |
| Presidential Bank vs Discover Bank | 3.30% | $0 |
| Presidential Bank vs EverBank | 3.90% | $0 |
| Presidential Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Presidential Bank vs Newtek Bank | 4.20% | $0.01 |
| Presidential Bank vs Openbank | 4.09% | $500 |
| Presidential Bank vs Pibank | 4.60% | $0 |
| Presidential Bank vs SoFi Bank | 4.00% | $0 |
| Presidential Bank vs Synchrony Bank | 3.50% | $0 |
| Presidential Bank vs Varo Bank | 5.00% | $0 |
| Presidential Bank vs Wealthfront | 3.95% | $0 |
| Presidential Bank vs Wells Fargo | 0.05% | $25 |