Citi Accelerate Savings Account Review
Citi Accelerate Savings isn't available on Finder right now.
- Annual Percentage Yield (APY)
- Up to
3.00%
- Fee
- $4.50 per month
(can be waived) - Minimum deposit to open
- $0
Our verdict
Get an impressive 3% APY in-branch or online, but it's best for Citi customers.
The Citi Accelerate savings account is a great option if you seek a high-yield savings account, even if you don’t live near a branch. The current standard rate of 3% APY is decent, and you can get higher relationship rates. There's no opening deposit, and you can skip the $4.50 monthly fee with a $500 average monthly balance or a linked Citi checking account. But Citi Accelerate savings account isn't available in several states, including California, Florida, Illinois, New Jersey and New York.
Best for: Existing Citi customers looking for good APYs.
Pros
-
High 3% APY (varies on location)
-
Online and in-branch service
-
Digital banking and auto-save features
-
65,000+ fee-free ATMs
Cons
-
Limited availability
-
Monthly fee applies if balance requirements aren’t met
Who is the Citi Accelerate Savings account best for?
If you want a higher-yield savings account and like having everything at one bank, Citi Accelerate Savings is worth a look. It’s especially handy if you already have a Citi checking account, since that alone waives the monthly fee.
Citi groups customers into relationship tiers based on their combined balances:
- Everyday Accounts. For balances under $30,000. Savings accounts have a $4.50 monthly fee unless you meet a waiver.
- Citi Priority. For balances of $30,000 to $199,999.99. No monthly fees, and non-Citi ATM fees are waived.
- Citigold. For balances of $200,000 or more. No monthly fees, unlimited ATM fee reimbursements worldwide and complimentary financial planning.
New customers get three months to meet their tier’s balance requirement.
What we like about the Citi Accelerate Savings account
Citi Accelerate Savings earns up to 3.00% APY, which is higher than Citi’s standard savings rate. However, rates can vary by location. There’s no minimum opening deposit, and your money is FDIC insurance up to $250,000 per depositor, per ownership category.
Easy fee waivers
The $4.50 monthly fee is waived if you keep a $500 average monthly balance in the account or also own a Citi checking account. It’s also waived if you qualify for Citi Priority or Citigold.
Large bank with digital tools
Citi is one of the largest banks in the US. Its online and mobile banking lets you move money between your Citi accounts and set up recurring transfers with Auto Save.
Large ATM network
Citi customers get access to 65,000+ fee-free ATMs through Citibank branches, select retail locations and the MoneyPass network. Citi also has over 600 branches in the US.
What could be better
If you don’t have a Citi checking account or a higher relationship tier, you’ll need to keep at least $500 in the account to avoid the $4.50 monthly fee.
Limited availability
Citi Accelerate Savings isn’t available in California, Connecticut, Florida, Illinois, Maryland, Nevada, New Jersey, New York, Virginia or Washington, DC.
Compare Citi Accelerate Savings to other top savings accounts
Narrow down top savings accounts by APYs, fees and features. Select Compare on up to four accounts for a side-by-side comparison.
What is the Finder Score?
The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.
To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.
Customer reviews and ratings
| BBB accredited | No |
|---|---|
| BBB rating | D- |
| BBB customer reviews | 1.05 out of 5 stars, based on 945 customer reviews |
| Trustpilot score | 1.1 out of 5 stars, based on 764 customer reviews |
| Apple App Store Score | 4.9 out of 5 stars, based on 3,900,000 customer reviews |
| Google Play Score | 4.9 out of 5 stars, based on 1,230,000 customer reviews |
| Customer reviews verified as of | 04 April 2025 |
Citi has a couple of different unclaimed profiles on Trustpilot, but the one with the most reviews is for “Citibank” with an abysmal 1.1 out of 5 stars with 764 total reviews. The primary complaint is about customer service and response times.
Your reviews
Summer Finder
Contributor
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.