Citibank savings account rates
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Citibank, the retail banking division of Citigroup, offers a handful of savings account tiers for customers with different goals. Many of its tiers offer annual percentage yields (APYs) that are lower than what you can find elsewhere.
Its high-yield savings option may be worth looking into, although it has a fairly high minimum opening deposit and the top APY of 3.50% is only a promotional rate. Plus, that rate is only available in select markets. At present, its standard APY doesn't stand up 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 3.50% for the first three months, and then 0.91% to 0.98% 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 and receive the promotional rate.
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.
There are high combined balance requirements to reach and maintain tiers, but you can get marginally better ongoing APYs.
| Account name | Promotional interest rate | Ongoing APY | Minimum balance required to earn yield* |
|---|---|---|---|
| Citi Savings | 3.50% | 0.03% | $0 to $29,999.99 |
| Citi Savings Priority Relationship Tier | 3.50% | 0.06% | $30,000 to $199,999.99 |
| Citi Savings Citigold Relationship Tier | 3.50% | 0.09% | $200,000 to $999,999.99 |
| Citi Savings Citigold Private Client Relationship Tier | 3.50% | 0.12% | $1,000,000+ |
Note: Annual percentage yields shown are as of March 2, 2026 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.
How Citigroup savings interest rates compare to top-yielding banks
Citi’s Savings account is a decent choice if you’re looking for a short-term competitive yield from a big bank and don't want to tie up funds in a CD. But other banks offer similar yields without reverting to a much lower rate after three months.
The promotional rate is also only available if you apply in a physical branch location or with a physical branch employee by phone 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. Openbank and Vio Bank have some of the top rates as of March 2026.
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.