Citizens Access™ vs. My Banking Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Citizens Access™Citizens Access® Savings Jan 6, 2026 | My Banking DirectHigh Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 3.15% | 4.02% |
Est. Earnings | $5,000+$158 $10,000+$315 $25,000+$788 | $5,000+$201 $10,000+$402 $25,000+$1,005 |
Min Deposit | $0.01 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android App | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported |
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.
Comparison Analysis
Comparing Citizens Access™ vs. My Banking Direct
As of Citizens Access™ offers an APY of 3.15% for its Citizens Access® Savings account, with a minimum balance of $0.01, compared to My Banking Direct's 4.02% APY for its High Yield Savings Account, with a minimum balance of $1.
My Banking Direct pays $87 more than Citizens Access™ on a $10,000 balance after one year. Citizens Access™ pays $315, while My Banking Direct pays $402 - an APY advantage for My Banking Direct.
Why Citizens Access™?
- ✓Higher rated Android app (4.9 vs 4.3)
Why My Banking Direct?
- ✓Higher potential APY (4.02% vs 3.15%) on all balances
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
My Banking DirectMy Banking Direct's High Yield Savings Account earns more on smaller deposits (approx. $402 vs $315/yr).
Better Returns at $25,000
My Banking DirectMy Banking Direct's High Yield Savings Account pulls ahead with larger amounts (approx. $1005 vs $788/yr).
Best for Simplicity
My Banking DirectMy Banking Direct's High Yield Savings Account offers 4.02% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Citizens Access™Citizens Access™ offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.9 (vs. 4.3)
Shared Benefits
Over a 1-year period, My Banking Direct's High Yield Savings Account pays $87 more interest on a $10,000 balance than Citizens Access™'s Citizens Access® Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
My Banking Direct offers a High Yield Savings Account with a competitive APY of 4.02%, making it the winner in this comparison. This account requires a minimum deposit of $500 and has a minimum balance of $1, with no maintenance fees. Citizens Access™ follows with its Citizens Access® Savings account, which provides an APY of 3.15% and requires only a $0.01 minimum deposit, also without any maintenance fees. Both banks operate online only and do not require direct deposit for their savings accounts. My Banking Direct is noted for better returns on larger deposits, while Citizens Access™ is recognized for its mobile app experience.
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
Top Market Contenders
Citizens Access™ vs. My Banking Direct Savings Calculator
You earn $87 more with My Banking Direct than Citizens Access™ 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.
Citizens Access™
Citizens Access® Savings
Savings Breakdown
- Interest Earned+$315.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,315.00
My Banking Direct
High Yield Savings Account
Savings Breakdown
- Interest Earned+$402.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,402.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Citizens Access™ | My Banking Direct |
|---|---|---|
| APY | 3.15% Verified: 1/6/2026 ↘︎ 0.35%90d Change | 4.02% Verified: 1/7/2026 ↘︎ 0.18%90d Change |
| Product Name | Citizens Access® Savings | High Yield Savings Account |
| Minimum Deposit | $0.01 | $500 |
| Min. Balance for APY | $0.01 | $1 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.9 | iOS4.7 Android4.3 |
| Zelle® Support | Not Supported | Available Uses Flagstar/NYCB parent infrastructure. |
| BBB Rating | A+ | F |
| Next Steps | Visit SiteVerify at Citizens Access™ Non-sponsored link to official site | Visit SiteVerify at My Banking Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Citizens Access™ | My Banking Direct |
|---|---|---|
| Citizens Access® Savings | High Yield Savings Account | |
Current APY | 3.15% | 4.02% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.8 | -4.0 |
Days Since Change | 28 | 53 |
11-Month High | 3.70% | 4.45% |
11-Month Low | 3.15% | 4.02% |
Adjustments / Mo | 0.26 | 0.43 |
Volatility Score | 0.051 | 0.035 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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