Citibank Savings Account Interest Rate: How It Compares

Citibank Savings Account Interest Rate: How It Compares

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Citi® Accelerate Savings
NerdWallet rating 

at Citibank, N.A., Member FDIC

The Citibank savings account interest rate for its Accelerate account is 0.50% 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 lower, at 0.04%. 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 0.06% APY.

Monthly fees on Citi® Accelerate Savings and Citi Savings


How to avoid monthly savings fees

  • If you opened your account in the Basic, Access or Elevate Account (where available) 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, maintaining certain average balances and in some cases, meeting age minimums.)

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, select markets in Florida, Georgia, Hawaii, Idaho, select markets in Illinois, 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.

  • 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. Note that the Elevate package is available only where Citi® Accelerate Savings is available.

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

How Citibank compares to online banks

Large banks 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. And the monthly fee is relatively easy to avoid. If the account 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.

» Learn more: Read NerdWallet’s Citibank review

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

LendingClub Bank logo
Learn More

Member FDIC

LendingClub High-Yield Savings

LendingClub Bank logo


Min. balance for APY


Discover Bank logo
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Member FDIC

Discover Bank Online Savings

Discover Bank logo


Min. balance for APY


Savings calculator

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

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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