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  Citi Accelerate Savings

Citi Accelerate Savings

in Savings Accounts from Citibank · Member fdic

Unaffiliated

Citi Accelerate Savings

Unaffiliated

in Savings Accounts from Citibank · Member FDIC

Net Recommendation Score +33

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +33, equating to 3.7 on a 5 point rating scale.

+33

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.

Rating not yet determined  

2 users recommend
0 users are unsure
1 user doesn't recommend
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Highlights
Community Rating

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Monthly Fee $0 - $4.50
APY (Annual Percentage Yield) 0.4%
APY Minimum Balance $1

Citi Accelerate Savings Review

Citi Accelerate Savings is offered by Citibank, 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 is available in 40 states across the USA.

Citi Accelerate Savings FAQ

Are savings accounts from Citibank federally insured?

Yes, your Citibank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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 Citibank offer a signup bonus?

Citi Accelerate Savings has a signup bonus of $0.

What is the minimum balance for Citi Accelerate Savings?

The minimum balance to open a Citi Accelerate Savings is $0.
Citi Accelerate Savings Account Minimums
Description
APY Minimum Balance $1
Minimum Balance to Avoid Monthly Fee $500
Minimum Opening Deposit Starting at $0
Minimum Required Balance $1

What APY does Citibank offer?

Citi Accelerate Savings offers an APY of 0.4% (APY stands for annual percentage yield, rates may change).

What features and perks does Citi Accelerate Savings offer?

This account includes the following features.

Citi Accelerate Savings Features
Description
Bank Account Features
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card
  • Bauer Financial A+/A Rating
  • Branch Access
  • FDIC Member
  • Online-Only Account

What fees does Citi Accelerate Savings charge?

Citi Accelerate Savings does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee 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.
  • Outoing 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.
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Message From Citibank

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.

Availability

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

Feature Breakdown

APY Minimum Balance $1
Minimum Balance to Avoid Monthly Fee $500
Minimum Opening Deposit Starting at $0
Minimum Required Balance $1
Monthly Fee $0 - $4.50
Returned Deposit Fee (Domestic) $12
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $35
Bauer Financial A+/A Rating
Bank Account Features
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card
  • Bauer Financial A+/A Rating
  • Branch Access
  • FDIC Member
  • Online-Only Account
APY (Annual Percentage Yield) 0.4%

Citi Accelerate Savings Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +33, equating to 3.7 on a 5 point rating scale.

+33

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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