Citibank vs. EverBank
Citibank's Citi Accelerate Savings pays 2.80% APY while EverBank's Performance Savings pays 3.90% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? EverBank pays $110 more than Citibank annually ($390 vs $280).
Choose EverBank if getting the best rate matters most, or BBB rating matters to you.
Important Considerations
Citibank's Accelerate Savings is only available in select states where Citi has no branch presence. Check eligibility before applying.
| Metric | CitibankCiti Accelerate Savings Sep 7, 2026 | EverBankPerformance Savings Sep 5, 2026 |
|---|---|---|
| APY | 2.80% | 3.90% |
Earns in a year | $5,000+$140 $10,000+$280 $25,000+$700 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min. Deposit | $0 | $0 |
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 InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingStable Rate |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Executive Summary
EverBank offers a competitive Performance Savings account with an APY of 3.90%, making it the clear winner compared to Citibank's top product, the Citi Accelerate Savings, which has an APY of 2.80%. EverBank's account is online-only and available nationally, with no maintenance fees and no minimum balance requirements, providing better returns for both smaller and larger deposits. In contrast, Citibank's offerings include the Citi® Savings Account, which yields a much lower APY of 0.03% and is restricted to select states. While Citibank's accounts require a checking account for some features, EverBank's straightforward structure enhances its appeal.
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 distinct advantages found vs EverBank.
Why EverBank?
- Higher potential APY (3.90% vs 2.80%) on all balances
- No checking account or direct deposit required
- Available Nationwide
Key Feature Differences
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $390 vs $280/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $700/yr).
Better for Simplicity
EverBankEverBank's Performance Savings offers 3.90% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $110 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. EverBank Savings Calculator
You earn $110 more with EverBank 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+$280.00(2.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,280.00
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $275 a year in interest.
Both Citibank and EverBank advertise far more than that typical branch-bank rate.
| Feature | Citibank | EverBank |
|---|---|---|
| APY | 2.80% Observed: 9/7/2026 0.20%90-day change | 3.90% Observed: 9/5/2026 Stable over 90 days |
| Product Name | Citi Accelerate Savings | Performance Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $4.50. Waived for average monthly balances > $500 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | 955 (CA, CT, DC, DE, FL, IL, MD, NJ (+6 more)) | 43 (CA, FL, MO, NY) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $2,500/dayTiered limits based on account status (Citigold higher). | Available Native integration verified. |
| BBB Rating | D- | A+ |
| Important Notes | Eligibility restricted to select states. | - |
| Next Steps | Visit SiteVerify at Citibank Non-sponsored link to official site | Visit SiteVerify at EverBank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Citibank | EverBank | |
|---|---|---|---|
| Citi® Savings Account | Citi Accelerate Savings | Performance Savings | |
Current APY | 0.03% | 2.80% | 3.90% |
Trend | Stable | Stable | Stable |
Speed of change | 0.00 | -0.05 | -0.05 |
Days Since Change | 363 | 27 | 262 |
12-Month High | 0.03% | 3.50% | 4.30% |
12-Month Low | 0.03% | 2.80% | 3.90% |
Changes per month | 0.00 | 0.66 | 0.16 |
Steadiness | 0.000 | 0.029 | 0.025 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 364-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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High Rates (With Checking Bundle)
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Compare Citibank's APY of 2.80% with other banks
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|---|---|---|
| Citibank vs Ally Bank | 3.00% | $0 |
| Citibank vs American Express | 3.00% | $0 |
| Citibank vs Axos Bank | 4.21% | $0 |
| Citibank vs Barclays | 3.65% | $0 |
| Citibank vs Capital One | 3.50% | $0 |
| Citibank vs Chime | 3.75% | $0 |
| Citibank vs CIT Bank | 3.75% | $100 |
| Citibank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Citibank vs Newtek Bank | 4.20% | $100 |
| Citibank vs Openbank | 3.80% | $500 |
| Citibank vs Pibank | 4.10% | $0 |
| Citibank vs SoFi Bank | 4.00% | $0 |
| Citibank vs Synchrony Bank | 3.30% | $0 |
| Citibank vs Varo Bank | 3.75% | $0 |
| Citibank vs Wealthfront | 3.95% | $0 |