Citi® Accelerate Savings
Citi® Accelerate Savings Claimed

Citi® Accelerate Savings

SuperMoney Net Recommendation Score +43  


This product is mostly recommended by SuperMoney users with a score of +43, equating to 3.9 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Community Rating Mostly recommended
Monthly Maintenance Fee $0 - $4.50
(Verified 08/23/2023)
APY (Annual Percentage Yield) 4.25%
(Verified 08/23/2023)
Minimum Balance to Earn APY $1
Number of Reviews 7

Citi® Accelerate Savings Review

Citi® Accelerate Savings is offered by Citi®, a bank founded in 1812 and based in New York, NY. It is made possible by a bank partnership with Citibank, N.A.. Citi® Accelerate savings are available in 40 states across the USA.

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.25%, which is much higher than the average interest rate for a savings account. However, you must keep a minimum balance of $1 to earn that insterest rate.
  • No monthly maintenance fee. Maintain an average monthly balance of $500 to waive your $4.50 monthly service fee.
  • No minimum initial deposit. There is no minimum balance required to open an account online.

Citi® Accelerate savings Pros & Cons

Pros Cons
  • No limit on interest earned.
  • No minimum balance required to begin earning interest.
  • Free online banking services lets you transfer funds between your Citi and non-Citi accounts.
  • Military addresses and U.S. territories are also eligible to apply.
  • Available in 40 states.
  • High variable APY.
  • Access to physical branches.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • This savings account must be opened as part of a Citibank Account Package.
  • Digital banking only savings account. No brick and mortar bank access.
  • Online-only account with no access to physical branches.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • No signup bonus.

Citi® Accelerate savings FAQ

Are Citi® Accelerate Savings deposits federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #07213) through Citibank, N.A.. The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Citi® offer a signup bonus?

Citi® Accelerate savings doesn't offer a signup bonus.

What is the minimum initial deposit for Citi® Accelerate savings?

There is no minimum deposit to open a Citi® Accelerate savings.
Citi® Accelerate Savings Minimums
Minimum Balance to Avoid Monthly Fee $500
Minimum Balance to Earn APY $1
Minimum Opening Deposit $0
Minimum Required Balance $1

What APY does Citi® Accelerate Savings offer?

Citi® Accelerate savings offers an APY of 4.25% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only savings accounts, which is around 1% APY.

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Citi® Accelerate savings charge?

Citi® Accelerate savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $500.

  • Outgoing domestic bank transfers come with a $25 fee.
  • Incoming domestic bank transfers come with a $15 fee.
  • Outgoing international bank transfers come with a $35 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Incoming international bank transfers come with a $15 fee.

What features and perks does Citi® Accelerate savings offer?

This savings account includes the following features:

  • Fraud monitoring - Citi® Accelerate savings monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Mobile Banking Services - Citi® Accelerate savings allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Citi® Accelerate savings?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Citi® Accelerate savings?

The customer support email for Citi® Accelerate savings is

How do people rate the customer service and user experience of Citi® Accelerate savings?

Overall, Citi® Accelerate savings is mostly recommended based on community reviews that rate customer service and user experience.

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Message From Citi® Accelerate savings

Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank – an institution connecting millions of people across hundreds of countries and cities. We protect people's savings and help them make the purchases – from everyday transactions to buying a home – that improve the quality of their lives. We advise people on how to invest for future needs, such as their children's education and their own retirement, and help them buy securities such as stocks and bonds. We work with companies to optimize their daily operations, whether they need working capital, to make payroll or export their goods overseas. By lending to companies large and small, we help them grow, creating jobs and real economic value at home and in communities around the world. We provide financing and support to governments at all levels, so they can build sustainable infrastructure, such as housing, transportation, schools and other vital public works.

Stay on track Set savings goals, track your progress, and create a budget to help build your future. Get a 360? three hundred and sixty degreesview of your finances Manage your accounts, even external accounts, all in one place. 24/7 digital access Manage your account virtually anytime, anywhere with Citi Online Banking.


Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 10:00am - 3:00pm

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  Available in 40 states
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • Colorado
  • Delaware
  • Georgia
  • Hawaii
  • Idaho
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Hampshire
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Utah
  • Vermont
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Balance to Avoid Monthly Fee $500
Minimum Balance to Earn APY $1
Minimum Opening Deposit $0
Minimum Required Balance $1
Monthly Maintenance Fee $0 - $4.50
(Verified 08/23/2023)
Monthly Maintenance Waiver Requirements Maintain an average monthly balance of $500 to waive your $4.50 monthly service fee.
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $35
Returned Deposit Fee (Domestic) $12
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
  • Non-Resident
  • U.S. Temporary Resident Visa Holders
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Proof of Residence
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
Bauer Financial A+/A Rating
Account Features
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card
  • Bauer Financial A+/A Rating
  • Branch Access
  • Member FDIC
  • Online-Only Account
APY (Annual Percentage Yield) 4.25%
(Verified 08/23/2023)

Citi® Accelerate Savings Community Reviews


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This product is mostly recommended by SuperMoney users with a score of +43, equating to 3.9 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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