Citi is offering a 3.60% APY Rate with their Accelerate Savings account. There is no minimum to open an account, no limit on earnings, and FDIC insured.
Update 5/28/25: The rate has decreased to 3.60% APY (from 3.80%).
Citi® Accelerate Savings Summary
- Citi® Accelerate Savings
- 3.60% Annual Percentage Yield
- Offer available in select markets only
- Member FDIC
- Minimum balance for APY: $0
- No monthly service fee with an average monthly balance of $500
- No limit on how much you can earn
- No min deposit
(FDIC Insured)
How to Earn Rate
- Citi® Accelerate Savings account must be opened in one of Citi®’s banking accounts
- Your Citi® Accelerate Savings account can be opened in any Account.
- The standard Account for Citi® Accelerate Savings is the Citi ElevateSM account.
- For full terms and conditions please view the Client Manual and Marketplace Addendum or the Consumer Deposit Account Agreements page.
- There is no minimum opening deposit required to open a Citi® Accelerate Savings account.
- PLEASE NOTE: Accounts which have a zero balance for ninety (90) days are subject to closure.
Offer Availability
The Citi® Accelerate Savings account is available in select markets for customers with a residential/home (not mailing) address in an Eligible Location who apply online through Citi® Online, the Citi Mobile® App, or Citiphone Banking. “Eligible Locations” include AA, AE, AK, AL, AP, AR, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois.
Are There Any Service Fees?
There is no separate monthly service fee for the Citi® Accelerate Savings Account. When a Citi® Accelerate Savings Account is opened, it must be in an account and is subject to the applicable monthly service and non-Citi ATM fees of the applicable account as disclosed in the Information About Account in the Marketplace Addendum. A monthly service fee of $4.50 and a $2.50 non-Citi ATM fee apply to a Citi® Accelerate Savings account without a checking account in the Citi ElevateSM Account if an average monthly balance of $500 or more is not maintained.
Bottom Line
Check out Citi’s high yield savings account to earn an incredible rate! The fact that you can earn a high rate makes this Savings Account all worthwhile.
Accounts which have a zero balance for ninety (90) days are subject to closure.
For more bank rate offers, see the complete list of best bank rates & business bank rates.
In addition, get the latest offers from Citi and best bank bonuses.
Citi ACH push limits: $50 for next day, for standard: 10k daily and 15k monthly
If you think it is a challenge to open an account, or to add more money, WAIT UNTIL YOU TRY TO WITHDRAW YOUR MONEY. CITI HAS MORE WAYS THAN YOU CAN IMAGINE TO HOLD ON TO IT. DAILY LIMITS, MONTHLY LIMITS, STANDARD LIMITS. I SPENT HOURS ON THE PHONE TALKING TO 2 DIFFERENT PEOPLE IN NEW DELHI WHO WERE NO HELP AT ALL.
Like others, I couldn’t believe how difficult Citi makes it to open the accelerated account. Now it’s open for weeks and I wanted to add funds but I can find no way to access the account online. Agree with how difficult it is to speak with the reps on a phone. This is starting to feel like a scam from China rather than an established FDIC bank in the US that I’ve had a credit card with for years. Dealing with that online or by phone has not been a problem.
This bank is so bad. This account seemed like a good idea, used it for about 6mths or so, but as soon as I wanted to withdraw any funds they put up all kinds of road blocks. Here I am now 2 weeks later and instead of simply transferring my requested funds (not the full amount but 1/4), they have went ahead and closed the account and are “mailing” me all my money. Well supposedly they mailed the money last Tuesday overnight, today is the following Tuesday and somehow they still don’t have a tracking number for this “overnight shipment”. The rep today says oh it shipped out 2 day express to you, but still didn’t have a tracking number. They are simply holding my money as long as they can and most likely making up excuses on it being sent out. DO NOT USE THIS BANK!!! There are other places out there that are local that will either match or come close to this rate. Just ask you local bank to see if they can match the savings rates.
We bank with CITI but not for it’s APY. We’d moved some of our money there for the promotion offer they’d had. We typically do this and pull the funds out when they pay. It’s like a 60-90 day investment. Do this with multiple banks at the same time and you can make money just for letting them use yours to invest for that time. Banks aren’t doing you a favor, they use your money on investments. How else would they make a profit? But I know I’m preaching to the choir. If you are looking for the highest APY % 1stsecuritybank.com currently has a 2.51% on checking accounts. Slightly higher for anyone with over 50K.
If you close the account mid-statement period, will accrued interest post?
I have been researching this offer before I signed up and there is a flood of band review on reddit from people having accounts cancelled and or various limits on withdrawing money. Not feeling so confident about signing up anymore.
Thanks for your comments. Hey was considering Marcus too
I wish I had realized that NY state was not eligible for the accelerated savings promo… I liked the idea that a bank with both a online and physical presence was offering such a high APY without high minimum deposit. Had I known that I would have waited till I could meet the 10k or 25k minimum deposit for some of their other higher APY offers. Live and learn I guess, back on over to Marcus for me till then.
I couldn’t find a log on or phone number to open an account.
I’ve had the EXACT same issue. We’ve called 3-4 times and keep getting told the account is on hold and they will email us documents to release it within 24 hours and we never get the email. Time after time.
I was very excited to receive an offer for the 2.37% savings account along with my credit card statement. I signed up on-line and received an email that I’d get my account info in a few days. A week later a letter shows up in the snail mail saying the account is open and including a deposit slip. But, I can’t access the account on-line, it only shows my credit card, and when I called Citi they told me the account was on a hold, though they could not say why. They tell me the hold will be cleared in a few days and then I can log in on-line with my debit card pin. Of course, I don’t have a debit card for this account! There are other links on the letter supposedly for additional terms and conditions, etc., but none of those links work either.
Is anyone else having bizzare problems like this just to open a simple savings account? The whole process should have been on-line and done right away. I’m not asking for credit, and I’m an existing customer.
Also, as is standard, the customer service rep I spoke with on the phone was in a badly setup call center and I could barely hear her over the sounds of other operators and people talking and laughing in the background. The woman did speak proper English, though her thick accent combined with the background noise made the conversation nearly impossible. I’m not getting the warm and fuzzies from Citi!
Hello Mike, thank you for being a reader! We have since corrected the link which shows the current 2.36% APY. Simply maintain a $500+ average monthly balance in your account for the calendar month that ends prior to the last Business Day of your monthly statement period to avoid the $4.50 fee.
According to the direct link which you provided, the rate is 2.16%, not 2.36%, and it’s a promo rate, only valid for 90 days. The effective annual APY is 0.60%. Also, as you stated, this account requires a minimum balance of $25,000. There are other nationally available savings accounts paying 2.50% as a regular rate and not just for 90 days, with no minimum balance required whatsoever.