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Citi savings account interest rates for 2023

Some accounts earn as much as 3.4% APY — but the monthly fees may not be worth it.

Citi has two savings account options. One earns a flat 0.5% APY, and the other earns 0.05% 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 are around 0.05% 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.

Access Account Package

AccountAPYMinimum balance to earn APYHow it compares
Citi Accelerate Savings3.4%$0Comparable with most high-yield accounts
Citi Savings0.05%$0Lower than the national average of 0.07% and most of the competition

Basic Account Package

AccountAPYMinimum balance to earn APYHow it compares
Citi Accelerate Savings3.4%$0Comparable with most high-yield accounts
Citi Savings0.05%$0Lower than the national average of 0.07% and most of the competition

Citibank Account Package

AccountAPYMinimum balance to earn APYHow it compares
Citi Accelerate Savings3.4%$0Comparable with most high-yield accounts
Citi Savings0.05%$0Lower than the national average of 0.07% and most of the competition

Citi Priority Account Package

AccountAPYMinimum balance to earn APYHow it compares
Citi Accelerate Savings3.4%$0Comparable with most high-yield accounts
Citi Savings0.10%$0Above the national average but still lower than most of the competition

Citigold Account Package

AccountAPYMinimum balance to earn APYHow it compares
Citi Accelerate Savings3.4%$0Comparable with most high-yield accounts
Citi Savings0.12%$0Above the national average but still lower than 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:

AccountAPY1 year2 years3 years4 years5 years
Citi Accelerate Savings3.4%15.7243.7784.28137.39203.20
Citi Savings0.05%$0.78$2.15$4.13$6.70$9.88

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.

1 - 6 of 17
$
Name Product Annual Percentage Yield (APY) Minimum balance to earn interest Minimum deposit to open Estimated total balance Offer
Western Alliance Bank High Yield Savings Account through SaveBetter
Finder Rating: 4.9 / 5: ★★★★★
Western Alliance Bank High Yield Savings Account through SaveBetter

4.23%

$0
$1
$1,043.20
Get an impressive 4.23% APY, which is 14.1x higher than the national average. All with $0 fees and only a $1 minimum deposit required.
Barclays Online Savings
Finder Rating: 4.6 / 5: ★★★★★
Barclays Online Savings

3.40%

$0
$0
$1,034.58
Earn 3.4% APY, 5X higher than the national average with no minimum balance requirements. Get unlimited transactions and tools that help you save. Pay $0 monthly fees.
Bread CD
Finder Rating: 3.8 / 5: ★★★★★
CD
Bread CD

4.50%

$0
$1,500
$1,046.02
Earn an impressive 4.5% APY with this FDIC insured CD. Available in 1-, 2-, 3-, 4- and 5-year terms. No monthly fees and no hidden fees.
American Express® High Yield Savings Account
Finder Rating: 4.6 / 5: ★★★★★
American Express® High Yield Savings Account

3.30%

$1
$0
Earn a referral bonus, No matter which card your friend gets.
Your friend can receive a welcome offer after they apply through the referral link and are approved and get their new card.
$1,033.55
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
UFB High Rate Savings
Finder Rating: 5 / 5: ★★★★★
UFB High Rate Savings

4.21%

$0
$0
$1,043
Score an impressive 4.21% APY, and pay $0 in monthly fees. No minimum deposit requirement.
Bread Savings™ High-Yield Savings
Finder Rating: 4.3 / 5: ★★★★★
Bread Savings™ High-Yield Savings

4.00%

$0
$100
$1,040.81
Earn competitive interest rates with this high-yield savings account you can open in just minutes. Member FDIC.
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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 0.12%. The Accelerate Savings account earns 3.4%, 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 3.4% APY. But the regular Citi Savings account isn’t. It only pays a maximum of 0.15% 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.

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