Citi savings account interest rate March 2021 | finder.com

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Citi savings account interest rates for 2021

Some accounts earn as much as 0.5% APY — but the monthly fees may not be worth it.

Updated

Fact checked
Citi has two savings account options. One earns a flat 0.5% APY and the other earns 0.04% to 0.15% APY depending on which membership package you choose. Here’s how these rates stack up against the competition.

How do Citi savings account interest rates compare?

Citi savings account interest rates come in right around the national average of 0.05% APY. But the exact rate you get depends on the client package you choose at sign up.

Citibank’s membership tiers and interest rates are a bit confusing, so we’ve segmented them by package to help you quickly compare what you could earn.

Access Account Package

AccountAPYMinimum balance to earn APYHow it compares
Citi Accelerate Savings0.5%$0Comparable with most high-yield accounts
Citi Savings0.04%$0 to $24,999.99Lower than the national average of 0.05% and most of the competition
Citi Savings0.06%$25,000+Above the national average but still lower than most of the competition

Basic Account Package

AccountAPYMinimum balance to earn APYHow it compares
Citi Accelerate Savings0.5%$0Comparable with most high-yield accounts
Citi Savings0.04%$0 to $24,999.99Lower than the national average of 0.05% and most of the competition
Citi Savings0.06%$25,000+Above the national average but still lower than most of the competition

Citibank Account Package

AccountAPYMinimum balance to earn APYHow it compares
Citi Accelerate Savings0.5%$0Comparable with most high-yield accounts
Citi Savings0.04%$0 to $24,999.99Lower than the national average of 0.05% and most of the competition
Citi Savings0.08%$25,000 to $99,999.99Above the national average but still lower than most of the competition
Citi Savings0.1%$100,000 – $499,999.99Twice the national average but still lower than most of the competition
Citi Savings0.13%$500,000+More than twice the national average but still lower than most of the competition

Citi Priority Account Package

AccountAPYMinimum balance to earn APYHow it compares
Citi Accelerate Savings0.5%$0Comparable with most high-yield accounts
Citi Savings0.04%$0 to $9,999.99Lower than the national average of 0.05% and most of the competition
Citi Savings0.06%$10,000 – $24,999.99Above the national average but still lower than most of the competition
Citi Savings0.1%$25,000 – $99,999.99Twice the national average but still lower than most of the competition
Citi Savings0.12%$100,000 – $499,999.99More than twice the national average but still lower than most of the competition
Citi Savings0.15%$500,000+Three times the national average but still lower than most of the competition

Citigold Account Package

AccountAPYMinimum balance to earn APYHow it compares
Citi Accelerate Savingscool0.5%$0Comparable with most high-yield accounts
Citi Savings0.04%$0 to $9,999.99Lower than the national average of 0.05% and most of the competition
Citi Savings0.06%$10,000 – $24,999.99Above the national average but still lower than most of the competition
Citi Savings0.1%$25,000 – $99,999.99Twice the national average but still lower than most of the competition
Citi Savings0.12%$100,000 – $499,999.99More than twice the national average but still lower than most of the competition
Citi Savings0.15%$500,000+Three times the national average but still lower than most of the competition

Citi Elevate Account Package

Citi Accelerate Savings0.5%$0Comparable with most high-yield accountsLearn more

How does Citi compound interest?

Citi compounds interest each day and credits it to your account each month. The more frequently your savings account compounds interest, the more money you earn overtime.

How much interest can I earn with Citi?

The amount of interest you can earn with Citi depends on a few factors, including the type of client package you choose, the balance in your account and how frequently you contribute to the account.

For example, let’s say you make an opening deposit of $1,000 and you contribute $100 a month for up to five years. Here’s how much interest you’d earn:

AccountAPY1 year2 years3 years4 years5 years
Citi Accelerate Savings0.5%$7.77$21.58$41.48$67.50$99.66
Citi Savings0.04%$0.66$1.72$3.30$5.36$7.91

Note that for the Citi Savings account, it doesn’t matter which client package you choose. All offer the same 0.04% APY on balances below $10,000. However, your APY could increase to 0.06% APY once your balance hits $10,000, depending on your client package.

Calculate your savings interest with Citi

Use this calculator to determine how much interest you’ll earn depending on which rate you get with your Citi savings account.

Compare Citi interest rates to the competition

Use this table to compare Citi’s savings account interest rates with other accounts to see which one can help you reach your goals faster. Don’t forget to compare monthly fees and any minimum deposit too.

$
$
months
Name Product Interest rates (APY) Fee Minimum deposit to open Interest earned
American Express® High Yield Savings
Finder Rating: 4.6 / 5: ★★★★★
American Express® High Yield Savings
0.50%
$0
$0
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
Aspiration Spend & Save Account
Finder Rating: 3.8 / 5: ★★★★★
Aspiration Spend & Save Account

1.00% on $0 to $10,000 but you’ll need to be enrolled in Aspiration Plus and make at least $1,000 in debit card purchases a month
$0 per month or $15 per month for Aspiration Plus ($12.50 per month if you pay annually)
$10
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $100 bonus when you spend $1,000 in your first 60 days.
Axos Bank High Yield Savings
Finder Rating: 4 / 5: ★★★★★
Axos Bank High Yield Savings
0.61%
$0
$250
No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.
CIT Bank Money Market
Finder Rating: 3.9 / 5: ★★★★★
CIT Bank Money Market
0.45%
$0
$100
A savings account with a higher-than-average rate and minimal fees.
CIT Savings Connect
Finder Rating: 4 / 5: ★★★★★
CIT Savings Connect

0.50% on + If you deposit $200+ monthly into your eChecking account, otherwise 0.42%
$0
$100
CIT Savings Connect combines aspects of a checking and savings account in one product.
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Compare up to 4 providers

Bottom line

Citi’s savings account interest rates are among the lowest in the nation. You’ll earn tiered interest with the regular Citi Savings account, but rates top out at 0.15%. The Accelerate Savings account earns 0.5%, but the $4.50 monthly fee eats into your earning potential. If a Citi savings account doesn’t feel right for you, compare other high-yield savings accounts.

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