Citibank is the retail banking group of Citigroup and it offers savings accounts.
You can find a top-tier rate offered by the big bank on its online-only savings account in select markets; however, not all of Citi’s savings accounts offer a payout that pops. What savers will earn depends on their balance and their relationship with the bank.
In banking with Citi, you can also enjoy the bank’s 24/7 phone support and a mobile banking app experience that stands out from some competitors.
Citibank earned a 4.1 out of 5 in Bankrate’s overall rating of the bank.
Citibank savings rates
Citibank offers tiered rates depending on your relationship and balance with the bank.
Let’s take a closer look at Citibank’s high-yield savings account that is part of the Citi banking package but is only available in certain markets.
Note: The APYs (Annual Percentage Yield) shown are as of April 7, 2021. The APYs for some products may vary by region.
| Account name | APY | Minimum deposit |
| Citi’s Accelerate Savings account | 0.50% | $0 |
Let’s take a closer look at the standard rates for customers who have the Citigold Account package.
| Account name | Interest Rate | APY | Minimum deposit for APY |
| Citi Savings | 0.04% | 0.04% | Below $10,000 |
| Citi Savings | 0.06% | 0.06% | $10,000-$24,999.99 |
| Citi Savings | 0.10% | 0.10% | $25,000-$99,999.99 |
| Citi Savings | 0.12% | 0.12% | $100,000-$499,999 |
| Citi Savings | 0.15% | 0.15% | $500,000+ |
Let’s take a closer look at customers who have the Citi Priority Account Package.
| Account name | Interest Rate | APY | Minimum deposit for APY |
| Citi Savings | 0.04% | 0.04% | Below $10,000 |
| Citi Savings | 0.06% | 0.06% | $10,000-$24,999.99 |
| Citi Savings | 0.10% | 0.10% | $25,000-$99,999.99 |
| Citi Savings | 0.12% | 0.12% | $100,000-$499,999.99 |
| Citi Savings | 0.15% | 0.15% | $500,000+ |
Let’s take a closer look at customers who have the Citibank Account Package.
| Account name | Interest Rate | APY | Minimum deposit for APY |
| Citi Savings | 0.04% | 0.04% | Below $10,000 |
| Citi Savings | 0.04% | 0.04% | $10,000-$24,999.99 |
| Citi Savings | 0.08% | 0.08% | $25,000-$99,999.99 |
| Citi Savings | 0.10% | 0.10% | $100,000-$499,999.99 |
| Citi Savings | 0.13% | 0.13% | $500,000+ |
Let’s take a closer look at customers who have the Basic Account Package.
| Account name | Interest Rate | APY | Minimum deposit for APY |
| Citi Savings | 0.04% | 0.04% | Below $24,999.99 |
| Citi Savings | 0.06% | 0.06% | $25,000+ |
Let’s take a closer look at the Access Account Package.
| Account name | Interest Rate | APY | Minimum deposit for APY |
| Citi Savings | 0.04% | 0.04% | Below $24,999.99 |
| Citi Savings | 0.06% | 0.06% | $25,000+ |
Citi also offers promotional APYs, too.
How Citigroup savings rates compare to top-yielding banks
Citi’s Accelerate Savings account is in the upper echelon when it comes to yields. While there are some banks that offer higher yields, you’ll be close enough to the top that it probably isn’t worth changing to a new bank. However, it’s only available in select markets.
For Citi Savings, you can find all kinds of accounts that pay higher yields. Vio Bank, Quontic Bank and Live Oak Bank are among the banks offering some of the highest rates.
Other savings options at Citibank
If you live in states where Citi’s Accelerate Savings account is available, it’s probably the best saving option you’ll find at the bank. You can open an interest-bearing checking account, but the rate is close to zero. The bank also offers CDs; however, most of the CDs have a rate lower than the bank’s high-yield savings account.
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