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finder.com’s rating: 4.1 / 5.0
★★★★★
Citi now offers an online savings account with a competitive APY. You’ll get the security of signing on with a Big Four bank and practical tools to help manage your money, but there’s a monthly service fee if your balance dips below $500.
1.85%
APY
$4.50 per month
Fee
$0
Minimum deposit to open
Review by
Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.
The Citibank Accelerate Savings account is best for those looking for a high-yield savings account. It offers a competitive APY and you can earn rewards depending on the Citi package you choose at signup.
But it’s unavailable in eight states and customers have complained about issues with opening and funding the account.
When you open an account, you’ll need to choose from one of five Citi banking packages with varying monthly fees, waiver conditions, linked accounts and perks by state:
You have the ability to somewhat customize your benefits depending on the banking package you choose. This FDIC-insured, high-yield savings account offers a suite of benefits:
Watch out for potential drawbacks that can get in the way of leveraging your savings:
If you don’t live in an eligible state, you’ll want to keep looking. As always, compare your options when choosing a savings account.
After speaking with a Citi representative, we were informed that this account is only available in states that don’t have a large presence of Citi branches. Some Reddit users mention issues opening this account due to their proximity to a branch, but Citi did not mention anything about distances when we reached out for more details.
You must meet general requirements to apply:
Gather personal and financial details that include:
Access depends on whether you’re depositing or withdrawing from your account.
Get help with your account in three ways:
Citi Inquiries
PO Box 6500
Sioux Falls, SD 5711
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.
