Citi has two savings account options. One earns a flat 4.45% APY, and the other earns 0.03% to 0.12% 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 are around 0.03% APY. But the exact rate you get depends on the client package you choose at signup.
Citi’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.
Lower than the national average of
0.46% and most of the competition
Basic Account Package
Account
APY
Minimum balance to earn APY
How it compares
Citi Accelerate Savings
4.45%
$0
Comparable with most high-yield accounts
Citi Savings
0.03%
$0
Lower than the national average of
0.46% and most of the competition
Citibank Account Package
Account
APY
Minimum balance to earn APY
How it compares
Citi Accelerate Savings
4.45%
$0
Comparable with most high-yield accounts
Citi Savings
0.03%
$0
Lower than the national average of
0.46% and most of the competition
Citi Priority Account Package
Account
APY
Minimum balance to earn APY
How it compares
Citi Accelerate Savings
4.45%
$0
Comparable with most high-yield accounts
Citi Savings
0.07%
$0
Lower than the national average of
0.46% and most of the competition
Citigold Account Package
Account
APY
Minimum balance to earn APY
How it compares
Citi Accelerate Savings
4.45%
$0
Comparable with most high-yield accounts
Citi Savings
0.12%
$0
Lower than the national average of
0.46% and most of the competition
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 over time.
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, your account balance 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:
Account
APY
1 year
2 years
3 years
4 years
5 years
Citi Accelerate Savings
4.45%
$70.20
$198.09
$386.29
$637.54
$954.71
Citi Savings
0.03%
$0.47
$1.29
$ 2.48
$4.02
$ 5.93
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.
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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 0.12%. The Accelerate Savings account earns 4.45%, 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.
Frequently asked questions
Is a Citi savings account a high-yield savings account?
Citi Accelerate Savings is a high-yield savings account because it earns 4.45% APY. But the regular Citi Savings account isn’t. It only pays a maximum of 0.12% APY — but you need to maintain a minimum combined average monthly balance of $1,000,000+ in eligible linked deposit, retirement and investment accounts.
Can I open a Citi savings account by itself?
It depends on the account. If you’re eligible, you can open a Citi Accelerate Savings account by itself. But you have to open most Citi Savings accounts with an eligible checking account.
What do I need to open a savings account at Citi?
To apply for a Citi savings account, you must be a US citizen or resident and at least 18 years old. You also need to provide a physical address in the US, your date of birth and Social Security number.
Cassidy Horton is a freelance personal finance copywriter and past contributing writer for Finder. Her writing and banking expertise have been featured in Forbes Advisor, Money, The Balance, Money Under 30, Insure.com, and other top digital publishers. She holds a BS in public relations and an MBA from Georgia Southern University.
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