Citi® Accelerate Savings (Member FDIC; select markets only) has a strong 3.15% annual percentage yield. With that above-average rate, the name makes sense. If you live in an area where the account is offered, it’s worth a look. Otherwise, the bank offers a basic Citi® Savings account, but its rate is much lower. Here’s how the savings accounts measure up to each other.
Citibank savings rates and fees
| Citi® Accelerate Savings rate | 3.15% APY. |
| Citi® Savings rate | 0.03% APY. Promotional rates may be available. |
| How they compare | The average national rate for savings accounts is 0.38% APY. |
| Monthly fees | $4.50 for either account. Can be waived in one of the following ways:
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| Availability |
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How Citibank high-yield savings compares
Large banks tend to have accounts with higher monthly fees and lower savings rates. Citibank’s savings accounts do have monthly fees, and its basic savings option has a low rate.
But Citi® Accelerate Savings — offered in select markets — earns a much better return compared to many national banks. And the monthly fee is relatively easy to avoid.
But Citi® Accelerate Savings — offered in select markets — earns a much better return compared to many national banks. And the monthly fee is relatively easy to avoid.
» Learn more: Read NerdWallet’s Citibank review
If Citi's high-yield savings is not available to you, you have other choices, especially with online banks. Along with high rates, many online accounts have no monthly fees or minimum balance requirements.
» Explore more options on NerdWallet’s list of best high-yield savings accounts
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Forbright Bank Growth Savings 
APY
3.85%
Min. balance for APY
$0
Member FDIC
Varo Savings Account 
APY
5.00%
Min. balance for APY
$0
Member FDIC
E*TRADE Premium Savings 
APY
4.00% for 6mo
Min. balance for APY
$0
The information related to the Citi® Savings account and Citi® Accelerate Savings 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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