Citi savings account interest rates for 2021

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

Account	APY	Minimum balance to earn APY	How it compares
Citi Accelerate Savings	0.5%	$0	Comparable with most high-yield accounts
Citi Savings	0.04%	$0 to $24,999.99	Lower than the national average of 0.05% and most of the competition
Citi Savings	0.06%	$25,000+	Above the national average but still lower than most of the competition

Basic Account Package

Account	APY	Minimum balance to earn APY	How it compares
Citi Accelerate Savings	0.5%	$0	Comparable with most high-yield accounts
Citi Savings	0.04%	$0 to $24,999.99	Lower than the national average of 0.05% and most of the competition
Citi Savings	0.06%	$25,000+	Above the national average but still lower than most of the competition

Citibank Account Package

Account	APY	Minimum balance to earn APY	How it compares
Citi Accelerate Savings	0.5%	$0	Comparable with most high-yield accounts
Citi Savings	0.04%	$0 to $24,999.99	Lower than the national average of 0.05% and most of the competition
Citi Savings	0.08%	$25,000 to $99,999.99	Above the national average but still lower than most of the competition
Citi Savings	0.1%	$100,000 – $499,999.99	Twice the national average but still lower than most of the competition
Citi Savings	0.13%	$500,000+	More than twice the national average but still lower than most of the competition

Citi Priority Account Package

Account	APY	Minimum balance to earn APY	How it compares
Citi Accelerate Savings	0.5%	$0	Comparable with most high-yield accounts
Citi Savings	0.04%	$0 to $9,999.99	Lower than the national average of 0.05% and most of the competition
Citi Savings	0.06%	$10,000 – $24,999.99	Above the national average but still lower than most of the competition
Citi Savings	0.1%	$25,000 – $99,999.99	Twice the national average but still lower than most of the competition
Citi Savings	0.12%	$100,000 – $499,999.99	More than twice the national average but still lower than most of the competition
Citi Savings	0.15%	$500,000+	Three times the national average but still lower than most of the competition

Citigold Account Package

Account	APY	Minimum balance to earn APY	How it compares
Citi Accelerate Savingscool	0.5%	$0	Comparable with most high-yield accounts
Citi Savings	0.04%	$0 to $9,999.99	Lower than the national average of 0.05% and most of the competition
Citi Savings	0.06%	$10,000 – $24,999.99	Above the national average but still lower than most of the competition
Citi Savings	0.1%	$25,000 – $99,999.99	Twice the national average but still lower than most of the competition
Citi Savings	0.12%	$100,000 – $499,999.99	More than twice the national average but still lower than most of the competition
Citi Savings	0.15%	$500,000+	Three times the national average but still lower than most of the competition

Citi Elevate Account Package

Citi Accelerate Savings

0.5%

$0

Comparable with most high-yield accounts

Learn 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:

Account	APY	1 year	2 years	3 years	4 years	5 years
Citi Accelerate Savings	0.5%	$7.77	$21.58	$41.48	$67.50	$99.66
Citi Savings	0.04%	$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.

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.

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 0.5% APY. But the regular Citi Savings account isn’t. It only pays a maximum of 0.15% APY — and that’s for balances over $500,000

• 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 Citibank?

  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.