In this guide

  • Our verdict
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Citi Accelerate Savings account review

  • Avatar
Citi Accelerate Savings
Finder score
$4.50 per month
(can be waived)
Minimum deposit to open

Our verdict

Earn 4.45% APY on your balance, but only in select states.

The Citi Accelerate Savings account is best for those who don't live near a Citi branch and want to take advantage of a high-yield savings account. It offers a competitive 4.45% APY that's higher than most competing accounts. But it's a far cry from a straightforward savings account. Signing up for a Citi Accelerate Savings account means you must also enroll in a Citi banking package, which comes with its own perks and drawbacks, including a potential monthly fee and the opportunity to earn rewards.

If you don't qualify for this account or it's not available in your area, the Citi Savings account may be your next best option. The APY tops out at a meager 0.25%, but you'll have the ability to earn Citi ThankYou Rewards and special perks depending on your account package.


  • Security of FDIC insurance
  • Automatic transfers with Auto Save
  • Ability to earn higher rates as your balance grows, depending on your package


  • $4.50 monthly fee
  • Requires a banking package
  • Overdraft fees
  • Limited availability

In this guide

  • Our verdict
  • Your reviews
  • Ask a question

How do I open Citi Accelerate Savings account?

Open a Citi Accelerate Savings account in six steps:

  1. Go to the provider’s site and follow the steps to apply.
  2. Navigate to Savings from the Banking tab.
  3. Scroll to Accelerate Savings and select See Details.
  4. Scroll to the banking packages and select Apply Now below your desired option.
  5. Enter your personal information and select Next.
  6. Continue through the steps of verifying your details, entering your income information and funding your account. Then Submit your application.


You must meet general requirements to apply:

  • At least 18 years old
  • Residency in an eligible state
  • US citizen
  • Social Security number or taxpayer ID
  • Government-issued ID

Required information

Gather personal and financial details that include:

  • Name and contact information
  • Date of birth
  • Employment and income information

Choose a package to go with your Accelerate Savings account

When you open an account, you’ll choose from one of five Citi banking packages with varying monthly fees, waiver conditions, linked accounts and perks by state. All packages must have a linked Citi checking account to maintain balances and avoid the monthly fee.

PackageMonthly feeHow to avoid feeAPYFeatures
Basic Banking Package$12
  • At least 1 electronic direct deposit or 1 qualifying bill pay; or
  • Keep at least a combined balance of $1,500 across linked accounts every month
4.45%Unlimited check-writing privileges
Citibank Account Package$25
  • At least 1 electronic direct deposit or 1 qualifying bill pay; or
  • No out-of-network ATM fee
  • Relationship pricing on some deposit products and services
Citi Priority Account Package$30
  • Keep at least $30,000 total across eligible linked accounts every month
  • Guidance from a Citi Wealth Financial Adviser
  • Investment resources
  • Preferred pricing and rates
Citigold Account Package$0, but to open you must keep at least $200,000 total across eligible linked accounts every month
  • At least 1 electronic direct deposit or 1 qualifying bill pay; or
  • Dedicated team, including a Citi Gold Relationship Manager
  • Guidance from a Citi Wealth Financial
  • Investment resources and market insight
  • Preferred pricing and rates

What should I look out for?

Watch out for potential drawbacks that can get in the way of leveraging your savings:

  • $4.50 monthly fee. You’ll pay a $10 monthly fee when you link a checking account to your Citi Accelerate Savings account. To waive this fee, you’ll need a monthly qualifying direct deposit, a monthly qualifying bill pay or maintain a monthly balance of at least $1,500 between all your Citi accounts. If you don’t link a Citi checking account, your monthly fee drops to $4.50. Maintain a balance of at least $500 to avoid this service fee.
  • Requires a banking package. Opening this savings account requires simulanteously opening a Citi banking package, which comes with its own set of fees, perks and account stipulations.
  • Overdraft fees. Citi charges $34 for overdrafts or $10 to cover the transaction unless you choose a high-tier package.
  • Limited availability. You can only open this account online or by phone, and it’s unavailable in the following states:
  • California
  • Connecticut
  • Florida
  • Illinois
  • Maryland
  • New Jersey
  • Nevada
  • New York
  • Virginia

    If you don’t live in an eligible state, you’ll want to keep looking. As always, compare your options when choosing a savings account.


    After speaking with a Citi representative, we were informed that this account is only available in states that don’t have a large presence of Citi branches. Some Reddit users mention issues opening this account due to their proximity to a branch, but Citi did not mention anything about distances when we reached out for more details.

    Compare Citi Accelerate Savings with other accounts

    Enter your deposit amount into the table to see how much interest you could earn with Citi Accelerate Savings versus the competition.

    {"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"savings_calculator_table","nicheCode":"USFSA","fields":[{"name":"PERIOD","value":"1","options":"","label":"Years to save","suffix":"","useSuffixAsPrefix":false,"useDropDownOption":false,"tooltip":""},{"name":"INITIAL_DEPOSIT","value":"1000","options":"","label":"Initial deposit","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":"Select Calculate to see your estimated total balance based on the current APY for each product below"}]}
    1 - 6 of 30
    Name Product Account type Annual Percentage Yield (APY) FDIC or NCUA insured amount Minimum balance to earn interest Minimum deposit to open Offer Estimated total balance
    SoFi Checking and Savings
    Finder Score: 4.6 / 5: ★★★★★
    SoFi Checking and Savings
    Traditional savings,Checking




    Up to $250,000
    Get up to $300 cash bonus with qualifying direct deposit. Terms apply. This offer is available until December 31, 2024.
    Barclays Online Savings
    Finder Score: 4.3 / 5: ★★★★★
    Barclays Online Savings
    Traditional savings


    Up to $250,000
    Primis Savings account
    Finder Score: 4.8 / 5: ★★★★★
    Primis Savings account
    Traditional savings


    Up to $2 million
    Step Black Card
    Finder Score: 4.3 / 5: ★★★★★
    Step Black Card
    Savings app


    Up to $1 million
    Bask Bank Interest Savings Account
    Finder Score: 4.6 / 5: ★★★★★
    Bask Bank Interest Savings Account
    Traditional savings


    Up to $250,000
    Cash App Savings
    Finder Score: 4.4 / 5: ★★★★★
    Cash App Savings
    Savings app



    Up to $250,000

    How do I deposit or withdraw my money?

    There are several ways to access money in your Citi Accelerate Savings account.


    • Online, phone or wire transfer
    • Mobile check deposit
    • Direct deposit
    • By mail


    • Online, phone or wire transfer
    • Request a check

    Citi Accelerate Savings reviews and complaints

    Despite the fact that Citi is one of the four largest banks in the US, it doesn’t have many reviews or complaints online. As of June 2022, it has only 51 customer reviews on Trustpilot for a total 1.4 out of 5-star rating. The Better Business Bureau gives Citi an F rating for failing to respond to over 6,000 complaints in the last three years.

    On Reddit, users say they’ve had issues with opening and funding the account, along with app issues. Other users say customer service can be difficult to get ahold of.

    How can I get in touch with customer service?

    Get help with your account in four ways:

    • Live chat. Log in to your account to chat live with a representative.
    • Phone. Call 800-374-9700.
    • Branch. Visit one of Citi‘s brick-and-mortar locations.
    • Mail. Send a letter to:Citi Inquiries
      PO Box 6500
      Sioux Falls, SD 5711

    Savings account ratings

    ★★★★★ — Excellent

    ★★★★★ — Good

    ★★★★★ — Average

    ★★★★★ — Subpar

    ★★★★★ — Poor

    We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

    Read the full methodology of how we rate savings accounts.

    Your reviews

    No reviews yet. Write a review

    Ask a question

    Ask a question

    Peter Finder


    Hi there, looking for more information? Ask us a question.

    Error label

    You are about to post a question on

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked
    Accept and continue

    Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.

    This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

    Go to site