Citibank savings account rates
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Citibank, the retail banking division of Citigroup, offers a variety of accounts for customers with different goals. Many of its accounts offer annual percentage yields (APYs) that are lower than what you can find elsewhere, but Citibank also offers a high-yield savings option that may be worth looking into, although it has a fairly high minimum opening deposit and the high APY of 4.35% is only a promotional rate. Plus, that rate is only available in select markets. (Here’s how it compares to the best high-yield savings accounts.)
Citibank earned an overall Bankrate score of 4.3 out of 5 and a rating of 4.3 out of 5 for savings accounts.
Citibank savings account interest rates
Citibank offers its Citi Savings account, which offers an introductory 4.35% or the first three months, and then 1.13% to 1.20% APY, depending on your balance and relationship tier. A minimum deposit of $25,000 in new to Citibank funds is required to open the account. Although the account comes with a $4.50 monthly fee, it can be waived by linking a Citibank checking account, maintaining an average monthly balance of at least $500 or by qualifying for a relationship tier (which you can get if you maintain a certain balance for a few months). Additionally, the fee will be waived for new customers for three months.
The relationship tiers come with enhanced benefits, including no monthly fees and fee-free withdrawals from non-Citibank ATMs.
Here’s a closer look at the Citibank Savings account.
| Account name | Promotional interest rate | Ongoing APY | Minimum balance required to earn yield* |
|---|---|---|---|
| Citi Savings | 4.35% | 0.03% | $0 to $29,999.99 |
| Citi Savings Priority Relationship Tier | 4.35% | 0.06% | $30,000 to $199,999.99 |
| Citi Savings Citigold Relationship Tier | 4.35% | 0.09% | $200,000 to $999,999.99 |
| Citi Savings Citigold Private Client Relationship Tier | 4.35% | 0.12% | $1,000,000+ |
Note: Annual percentage yields (APYs) shown are as of June 18, 2025 and may vary by region for some products.
*To qualify for a relationship tier, you must maintain the minimum balance for at least three months.
The Citi Savings account has an introduction rate in certain locations.
How Citigroup savings interest rates compare to top-yielding banks
Citi’s Savings account is an OK choice if you’re looking for a short-term competitive yield from a big bank, but other banks offer similar yields without reverting to a much lower rate after three months. Additionally, it’s only available if you apply in a physical branch location or with a physical branch employee by phone (including video calls) or use a residential address in one of the following locations are eligible to apply to open a Citi Savings account:
- California
- Connecticut
- Florida (select markets)
- Illinois (select markets)
- Maryland
- Nevada
- New Jersey
- New York
- Virginia
- District of Columbia
Savers not in these states who want competitive yields and are comfortable with internet banking may want to consider an online bank. Bask Bank and EverBank are among the digital banks offering some of the highest rates.
Other savings options at Citibank
Citibank’s Savings account is likely the bank’s best option for savers who live in states where it’s available. Citi also offers a wide range of certificates of deposit (CDs) with terms from three months to five years.