Citibank, the retail banking division of Citigroup, offers a variety of savings accounts for customers with different goals.

Its online-only savings account, unavailable in select markets, pays a competitive annual percentage yield. But not all Citibank savings accounts offer an appealing APY.

Citibank earned an overall Bankrate Score of 4.6 out of 5 and a rating of 4.7 out of 5 for savings accounts.

Citibank savings rates

Citibank savings rates depend on the type of account and your balance with the bank across all accounts.

The Accelerate Savings account is a high-yield option that must be opened online or through the Citibank mobile app. The APY is the same for all balances, and the account isn’t available in some markets.

Citibank offers tiered rates depending on the type of account and balance relationship and balance with the bank.

Here’s a closer look at Citibank’s Accelerate Savings Account:

Account name APY Minimum deposit
Citi’s Accelerate Savings account 3.40% $0

The Access Account Package, if not linked to a checking account, waives the $4.50 monthly service fee if a minimum $500 balance is maintained.

Here’s a closer look at the Access Account Package.

Account name APY Minimum deposit
Citi Savings 0.05% $0

The Citibank Account Package lets customers link savings accounts, other deposit accounts, and retirement and investment accounts. Customers must maintain a minimum balance of $10,000 across all eligible linked accounts to avoid a $25 monthly fee.

Here’s a closer look at the Citibank Account Package.

Account name APY Minimum deposit
Citi Savings 0.05% $0

The Citi Priority account is a premium package that must be opened with a linked checking account and includes enhanced benefits, such as fee-free withdrawals from non-Citibank ATMs. The monthly fee is $30, though it is waived with a combined minimum balance of $50,000 across all eligible accounts.

Here’s a closer look at the Citi Priority Account Package.

Account name APY Minimum deposit for APY
Citi Savings 0.10% Below $10,000
Citi Savings 0.10% $10,000-$24,999.99
Citi Savings 0.10% $25,000-$49,999.99
Citi Savings 0.10% $50,000-$99,999.99
Citi Savings 0.10% $100,000-$499,999.99
Citi Savings 0.10% $500,000-$999,999.99
Citi Savings 0.10% $1,000,000 or more

The Citigold Account Package is a premium package that requires a combined average monthly balance of at least $200,000 across linked deposit, retirement and investment accounts. The Citigold packages includes an interest checking account and a savings account. There is no monthly service fee.

Here’s a closer look at the standard rates for the Citigold Account Package.

Account name APY Minimum deposit for APY
Citi Savings 0.12% Below $10,000
Citi Savings 0.12% $10,000-$24,999.99
Citi Savings 0.12% $25,000-$49,999.99
Citi Savings 0.12% $50,000-$99,999.99
Citi Savings 0.12% $100,000-$499,999.99
Citi Savings 0.12% $500,000-$999,999.99
Citi Savings 0.12% $1 million or more

Note: Annual percentage yields (APYs) shown are as of Dec. 15, 2022, and may vary by region for some products.

How Citigroup savings rates compare to top-yielding banks

Citi’s Accelerate Savings account is a solid choice if you’re looking for a competitive yield from a big bank, but it’s not available in:

  • California
  • Connecticut
  • District of Columbia
  • Florida (part)
  • Illinois (part)
  • Maryland
  • Nevada
  • New Jersey
  • New York
  • Virginia

Savers in these states who want competitive yields and are comfortable with internet banking may want to consider an online bank. Salem Five Direct and Bask Bank are among the digital banks offering some of the highest rates.are among digital banks offering some of the highest rates.

Other savings options at Citibank

Citibank’s Accelerate Savings account is probably the bank’s best option for savers who live in states where it’s available. Citibank also offers an interest checking account, but the APY is close to zero.