Citibank Savings Account Interest Rate: How It Compares

Margarette Burnette
By Margarette Burnette 
Citibank Savings Account Interest Rate: How It Compares

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Citi® Accelerate Savings
NerdWallet rating 

at Citibank, N.A.

The Citibank savings account interest rate for its Accelerate account is 3.40% APY. With that yield, which is higher than savings account interest rates at many other banks, the name makes sense. However, the rate for Citi’s basic savings account is much lower, at 0.05%. Here’s a look at how the savings accounts measure up compared to other options.

Citibank interest rates, fees

Citi® Accelerate Savings interest rate


Citi Savings interest rate


How they compare

The average national rate for savings accounts is 0.33% APY.

Monthly fees on Citi® Accelerate Savings and Citi Savings


How to avoid monthly savings fees

  • If you opened your account in the Basic or Access Account package, maintain $500 average monthly balance, or

  • Have your savings account linked to a Citi checking account. (There may be a monthly fee for the linked checking account, which can be waived by meeting transaction requirements or maintaining certain average balances.)

Minimum opening deposit for savings


Citi® Accelerate Savings availability

  • The Citi® Accelerate Savings account is available in many states, including Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, West Virginia, Wisconsin and Wyoming.

    It is also available in select markets in Florida and Illinois.

  • The Citi Savings account is available in states where Citi® Accelerate Savings is not available.

Account linking availability

You can link your Citi® Accelerate Savings or Citi Savings account in any Citi banking package.

» Find this month’s best savings account rates in NerdWallet’s best savings rates

How Citibank compares to online banks

Large banks like Citibank tend to have accounts with higher monthly fees and lower rates for savings. Citibank’s savings accounts do have monthly fees, and its basic Citi savings account has a low rate.

However, Citi® Accelerate Savings — available in select markets — offers a much better return compared to many national banks. This high-yield savings account has a monthly fee, but it is relatively easy to avoid. If it is available in your market, it's worth a look.

If Citi® Accelerate Savings is not available to you, however, you have other options at online banks. Along with higher rates, many online accounts come with no monthly fees or minimum balance requirements.

» Check out high-interest rate options with NerdWallet’s best high-yield online savings accounts

SoFi logo
Learn More

Member FDIC

SoFi Checking and Savings

SoFi logo


Min. balance for APY


Marcus by Goldman Sachs logo
Learn More

Member FDIC

Marcus by Goldman Sachs Online Savings Account

Marcus by Goldman Sachs logo


Min. balance for APY


How much interest could you be earning? Find out with the calculator below. The higher the rate, the faster your money can grow.

Savings calculator

The information related to the Citi Savings account has been collected by NerdWallet and has not been reviewed or provided by the issuer or provider of this product or service.

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