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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.
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.
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