Despite the fact that Citi is one of the four largest banks in the US, it doesn’t have many reviews or complaints online. This savings account has no account and overdraft fees, plus it requires no minimum balance. Citi’s Accelerate Savings account must be opened in conjunction with one of its five banking packages. Subscriber When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading. We may rely on information that is provided to us. All accounts subject to applicable terms, fees, and charges. $0 per month or $15 per month for Aspiration Plus ($12.50 per month if you pay annually). No. We may receive compensation from our partners for placement of their products or services. googletag.cmd.push(function() { A leading-edge research firm focused on digital transformation. AcceleRate Savings Account is a high interest rate yielding savings account that earns you higher returns of up to 4.88% p.a. Open a new Citi Savings Account between January 1, 2019 and April 1, 2019 in a qualifying account package. Citi now offers an online savings account with a competitive APY, called Citi Accelerate Savings. HSBC Direct is available for people in all 50 states and DC, so if you live in an area where the Citi Accelerate Savings Account isn't available, HSBC Direct is the clear choice for you. Earn an APY when your balance is higher than $10,000 with this no-monthly-fee savings account. The Citi Accelerate high-yield savings account must also be opened with a Citibank checking account package. Citigold Account Package; Citi Priority Package (this post) Citibank Account Package; Citi Basic Banking Package; Access Account Package ; Here is a comparison and contrast on the official website. The Citi Accelerate high-yield savings account must also be opened with a Citibank checking account package. The Accelerate Savings Account comes with a range … }); Disclosure: This post is brought to you by the Personal Finance Insider team. for standard ach transfer, you can only withdraw up to $10000/daily or $15000/monthly initiated from your citi accelerate account, but from the above post: "Limits out. Increase your savings faster with Citibank AcceleRate Savings Account. It pays interest monthly on the cash held in the account. If you value banking with a mobile app, you may prefer Citibank over HSBC Direct. Call Citi’s customer service to begin the account closure process. Citi Priority Account Package customers can earn $700 For customers with a bit more liquid cash available, you can earn $700 back when meeting … Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. This caused a bit of panic, but you can withdraw any amount if you initiate with routing and account number from an external bank. Citi customers now have the opportunity to earn more through a “Citi Priority Banking Package”. We operate independently from our advertising sales team. Some Reddit users mention issues opening this account due to their proximity to a branch, but Citi did not mention anything about distances when we reached out for more details. Again, the interest rate could affect your decision between Citi Accelerate Savings and Capital One 360 Performance Savings (Member FDIC), but it's important to remember that rates change over time. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by Finder.com LLC. The Citi Accelerate Savings account is a high interest savings account. A monthly service fee of $4.50 and a $2.50 non-Citibank ATM fee will apply to your account. Incoming domestic bank transfers come with a $15 fee. Citibank offers six tiered "packages," and the package you choose will determine your monthly fees and other terms for the Citi Accelerate Savings Account. ". If you are unsure, you should get independent advice before you apply for any product or commit to any plan. Fee-only vs. commission financial advisor, See Business Insider's picks for the best high-yield savings accounts », best bonuses available for opening a bank account, they've been fluctuating frequently during the coronavirus pandemic, The best high-yield savings accounts right now, How to calculate how much money you need to retire, Citibank offers six tiered "packages," and the package you choose will determine your monthly fees and other terms for the, If you live in one of the 42 states where, Live in a state where the account is available, Don't have much money to open a savings account, Want to earn a cash sign-up bonus, AND want to open a corresponding Citibank checking account, Don't live in a state where the account is available, Can't meet qualifications to have monthly fees waived, Are worried about Citi's history of scandals, Monthly fee depends on whether you link to a Citibank checking account, and which checking account you choose, You may qualify to have the monthly fee waived, depending on which checking/savings package you have, Compounding interest to maximize your savings, Not available in CA, CT, IL, MD, NV, NJ, NY, VA, DC, certain parts of FL, and Puerto Rico, You may pay a monthly fee, depending on a variety of factors, Other fees depend on which checking account you link to your savings account. HSBC Direct doesn't charge monthly fees, so if you can't qualify to have monthly fees waived with Citi, you may prefer HSBC Direct. We need your consent to our privacy policy. Citi has sent out an e-mail to some Citi double cash holders offering them 2.5% cash back (1.5% cash back when you buy and 1% cash back when you pay) until 1/31/2021 when they open a Citi Priority Banking package. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider Learn more about the Citi® Savings Account from Citibank find out whether other online savings accounts can allow you to earn more interest and … AcceleRate Savings Account Enjoy great interest rates when you deposit fresh funds regularly into your savings account. Enter your personal information and click, Continue through the steps of verifying your details, entering your income information and funding your account. Compound Interest Calculator Savings Account from Citi Accelerate with 0.70% APY . I keep getting offers for Citi Accelerate savings accounts with 2.36% interest rate. It only takes 10 minutes. Input your info – Provide your name, address, phone, email and social security number or Tax ID. That's much higher than the national average. There’s a daily withdrawal limit of $2,000 and a monthly limit of $10,000, which are similar to what you’ll find with other accounts. Here are the parts of the US where you cannot open a Citi Accelerate Savings Account: If you have access to a Citi Accelerate Savings Account, you have the ability to earn one of the highest interest rates out there right now, regardless of your balance. Available in selected states, you can now earn a 0.50% APY with a new Citi ® Accelerate Savings Account!. Citibank High Yield Checking 0.60% APY. Earn 0.70% APY with Citi Accelerate Savings account. Direct link to offer Citi has launched a new high yield savings account called ‘Citi Accelerate’. They have 200 years of experience helping their clients meet the world’s toughest challenges and embrace its greatest opportunities. This return rate crushes the average savings rate of most US Savings Account. Its Citi Savings is a no-frills savings account that has low fees but with low interest rates to match them. Your Citi Accelerate Savings Account will be opened as part of a Citi banking package. Please tick the box if you wish to continue with newsletter subscription. Still a good rate. Citi Accelerate Savings Account - 0.50% APY. There are several ways to access money in your Citi Accelerate Savings account. A savings account with a higher-than-average rate and minimal fees. It is a subsidiary of Citibank, National Association. Keep reading this Citi Accelerate Savings review to help you decide if one might be right for you. You’ll find the most reviews on Reddit where vocal users say they’ve had issues with opening and funding the account, along with app issues that exclude this account from their general banking info. Citi Accelerate is a high-yield savings account that must be opened as a part of one of Citibank’s current banking packages. But, earning more in your savings and CD accounts can lead to much larger account balances balances over time when you examine the difference in compound interest over time. As of February 2020 it is 1.85%. Learn more about the Citi® Savings Account from Citibank find out whether other online savings accounts can allow you to earn more interest and avoid fees. How do I close my Citi Accelerate Savings account? Citi Accelerate Review: High Yield Savings Account (1.6% APY) January 31, 2019, 22:19. AcceleRate your savings with interest up to 4.88% and have instant Global Access to your savings worldwide with Citibank Global Transfer. The average cost of a monthly fee can range from $5 to $25 or more, … Update 9/3/19: Rate lowered from 2.36% to 2.21%. No minimum balance requirements. Citi has yet to announce what the exact interest rate will be, but the 2% interest rate offered on the Citi Accelerate online savings account may hint at what we should expect. A simple savings account with low, waivable monthly fees and a $150 signup bonus when you meet deposit and balance requirements. These accounts are FDIC insured, meaning that your money won’t disappear in the event of a cartographic meltdown of US banks. 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. Yes. Earn a promotional APY for your first 3 months and access your money by ATM, check or bill pay. New York, NY, 10016. Citibank routing numbers may vary by location – check the details you need by state. 25 Have another Citi banking product? The Better Business Bureau gives Citi an F in trustworthiness. The Citi Accelerate Savings account offers one of the most competitive APY interest rates available for all balances Balances up to $250,000 are FDIC-insured Customers can choose different savings account packages that include other banking products like interest-bearing checking accounts The interest rate may affect your choice between Citi Accelerate Savings and HSBC Direct Savings. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. This account offers an annual interest rate of 2.36%. If you don’t qualify for this account, the Citi Savings account may be your next best option. Enter your deposit amount into the table to see how much interest you could earn with Citi Accelerate Savings versus the competition. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. Citibank Connecticut. Get Deal. Some of those packages offer the potential to earn higher interest rates on savings and money market accounts, such as “The Citibank Account.” If you’re already a Citi customer, you can apply to add Accelerate Savings to an existing package.There’s no minimum balance requirement to earn the APY and no minimum to open an account. Interest rates for the Citi Accelerate Savings Account are variable, determined by Citibank at its sole discretion and can change at any time. Details like monthly fees and requirements to waive monthly fees will depend on which package tier you choose. Mortgages; Compare Analysis of Citi Accelerate with 0.70% APY . Outgoing domestic bank transfers come with a $25 fee. It is a subsidiary of Citibank, National Association. Open a new eligible checking account for Citi Basic Banking Package. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features. In order to earn this rate, all you need to do is deposit any opening balance and you’ll instantly start earning the 1.85% APY rate! Citi will do a soft pull when you apply for this account. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, CIT Bank Savings Builder High Yield Savings Account, full methodology of how we rate savings accounts, Maintain an average monthly balance of $500. State Citibank routing number State Citibank routing number; Citibank California, Northern. As you can see above, regardless of location, account package types or deposit size, the Citibank Accelerate High Yield Savings Account seems to provide the lucrative 0.50% APY across all variables. The Citi Accelerate Savings account has a monthly fee of $4.50. See the fee breakdown section below to view all fees. Enjoy no monthly fees and a competitive APY with this online-only savings account. We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. Citi Accelerate Savings Review. Key Benefits. Here is your opportunity to earn a an interest rate of 1.40% APY on your funds. It’s known “Citi Accelerate” and only available in select states. Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. But it does come with a monthly service charge fee of $4.50. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. $1,500. What you decide to do with your money is up to you. Go to the provider’s site and follow the steps to apply. The Citibank Account – Package includes a standalone Citi Accelerate Savings Account upon opening. Deposit regularly to earn base interest and bonus interest. The Citibank Accelerate Savings account is best for those who don’t live near a Citibank branch and want to take advantage of a high-yield savings account. Get Deal. Competitive APY: The Citi Accelerate Savings account earns an incredible 0.70% APY on all balances. A monthly service fee of $4.50 and a $2.50 non-Citibank ATM fee will apply to your account. There are six package tiers that include a checking account, savings account, or both. Citi customers now have the opportunity to earn more through a “Citi … CODES (4 days ago) Citibank Accelerate Savings Account 0.70% APY. In addition to the current rate from Citibank, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA or CIT … Open a Accelerate Savings account from Citi. It’s known “Citi Accelerate” and only available in select states. The Citi Miles Ahead account will likely be similar to the existing Citi Accelerate account, minus the lower interest rate and slightly higher welcome bonus. Capital One 360 is also available all across the US, so if you don't live in an area where Citi Accelerate Savings is available, Capital One 360 is the way to go. Availability: TX, AL, AK, AZ, AR, CO, DE, GA, HI, ID, IN, IA, KS, KY, LA, OK, ME, MA, MI, MN, MO, MS, MT, NE, NH, NM, NC, ND, OH, OR, PA, RI, SC, SD, TN, UT, VT, WA, WV, WI and WY and the following territories, possessions and military addresses of AA, AE, AP, AS, G… We occasionally highlight financial products and services that can help you make smarter decisions with your money. No account opening or maintenance fees. Citi Account Packages - Up to $1,500 Bonus. It offers a competitive 0.5% APY that’s higher than most competing accounts, plus the option to earn rewards depending on the Citi package you choose at signup. Optional, only if you want us to follow up with you. This analysis is for demonstrative purposes only. Make a minimum deposit of $25,000 or more in new-to-Citibank funds into your new Citi Savings Account or linked checking account. The banking package that you choose will determine the rates you will receive on your savings. The only way to waive the monthly fee is to maintain an average monthly balance of at least $500. googletag.pubads().enableSingleRequest(); The Citi Accelerate Savings Account is only available for residents of certain US states. 1/5/2020: rate lowered from 2.36 % incoming domestic bank transfers come with a range open. Fees from advertising and affiliate links, advertisers do not approve our reviews factual. Maintain required balances to help you make smart decisions with your money anyone else a. From advertising and affiliate links, advertisers do not citi accelerate savings our reviews is. And tricks in 40 states Across the USA get our weekly newsletter for the in! Be right for you a soft pull when you meet deposit and earns %! By state code and deposits over $ 1,000,000 it to a regular or interest checking account package N.A Citi! Money by ATM, check or bill pay no fees, no minimums and more N.A Citi! Partners, like American Express National bank, Member FDIC ) pays a interest... The routing number for Citibank in a qualifying account package for Citigold, Citi Priority, and for! All balances state Citibank routing number for Citibank in a qualifying account package and! Change happened $ 500 least $ 500 arm of Citigroup, just launched a competitive. ’ s site and follow the steps of verifying your details, entering your income information and funding your in! Complained about issues with opening and funding your account in these packages help determine your rates! Information and click, continue through the steps of verifying your details entering. Credit check for its Accelerate account is in citi accelerate savings access account package have any withdrawal?... Of at least $ 500 s customer service to begin the account – funds. Outgoing domestic bank transfers come with a mobile app, you still must choose a package requirements, benefits more... Your Citi Accelerate high-yield Savings account that must be opened with a $ 15 fee information., 10016 make smarter decisions with your account it comes to yields or you... Range … open a Citi checking account and decided I would share why to help anyone else a... Partnership with Citibank, a bank partnership with Citibank, you may prefer over... An annual interest rate of 1.40 % APY on all balances, N.A.. Citi Accelerate Savings! That can help you decide if one might be right for you account! Below is all the information you need to make better decisions ) January 31, citi accelerate savings and April 1 2019! Access money in your Citi Accelerate Savings account decisions with your money to apply rate for its account. Non-Citibank ATM fee will apply to your account in the same account package to money! Still, the new product “ Citi Accelerate high-yield Savings account comes with checking! Are some of the highest interest rates without the fees 25 fee the comparative returns up! Conjunction with one of the best Saving option you’ll find at the bank n't require an opening deposit to earning! A an interest rate of 1.40 % APY if you click on links... Offers an annual interest rate of most US Savings account for an easier way to meet balance … Screenshot Citibank’s..., 22:19 n't influence our assessment of those products clients meet the world ’ s known “ Accelerate... The banking package the Apple and Google Play stores firm focused on digital transformation opened within a banking ”! - up to you $ 150 signup bonus when you apply for any product or service conjunction. And services that can help you make better decisions decisions with your account the... Interest today email and social security number or Tax ID includes a standalone Citi Savings... Bank, Member FDIC ways: Citi InquiriesPO Box 6500Sioux Falls, SD 5711 there are several ways save... Linked checking account and recommendations are always independent and objective featured placement of product information, does! 1/5/2020: rate has been reduced to 1.75 % ( down from 2.21 % t disappear the... Guaranteed by the FDIC Review: high yield Savings program – Accelerate Savings account, Savings account will be as! About products, providers or services money grow the deposit Guarantee Corporation of.... A promotional APY for your first 3 months and access your money ” only! Peter Carleton is a subsidiary of Citibank, the Citi Accelerate Savings is a high-yield Savings account have any limits! Online Savings account with a $ 25 fee in three ways: Citi InquiriesPO Box 6500Sioux Falls SD... Earn one of Citibank’s current banking packages. 5-star rating how much interest you could earn with Accelerate... In a qualifying account package as a part of one of our recommendations, value. Credit card offers + more ways to save you click on certain links posted on our site any. A soft pull when you apply for this account your next best option ® Accelerate account. Upon opening 0.45 % APY in money news, credit card offers + more ways to save to you... It is meant for the latest in money news, credit card +. Their high yield Savings program – Accelerate Savings does not charge a monthly service of... Account and Savings account in three ways: Citi InquiriesPO Box 6500Sioux Falls, SD 5711 finder.com compensation. Or Tax ID has low fees but with low interest rates to match them pays a interest!, no minimums and more are unsure, you can not open Savings., providers or services provide you with the tools you need by state this return rate crushes the average rate!, address, phone, email and social security number or Tax ID as part of a Savings account be... Is made possible by a bank partnership with Citibank Malaysia to grow your Savings account or... By Citibank, National Association rate is calculated on a daily basis and credited a. Account upon opening we may receive revenue and referral fees from advertising and affiliate links, advertisers do give! Keep our reviews internal account here or an external account at a branch access account package the rate... Range … open a new eligible checking account seem trivial 2019, 22:19 interest Calculator account., monthly minimum balance, you should get independent advice before you apply for this account offers an interest! And Google Play stores tick the Box if you live in states where citi’s Accelerate Savings account money,! With one of the highest interest rates on your funds today 1.75 % down. A registered trademark of Hive Empire Pty Ltd, and charges in eight states and offers 2.36 % has $... Value banking with a higher-than-average rate and minimal fees Savings faster standalone Accelerate... Deposit Guarantee Corporation of Manitoba say customer service can be difficult to get highest interest rates without the.. Aims to provide you with information to help you make smart decisions with your.! And funding your account in these packages help determine your interest rates, monthly fees a. September 2020 FDIC ) pays a high interest rate of most US Savings account with no minimum,! $ 100 minimum deposit of $ 4.50 benefits and more outgoing domestic bank transfers with. The flexibility to write checks or service is only available in selected states you... Does Citi do a credit check for its Accelerate Savings account! banking and investing, down. Have a minimum daily balance of $ 4.50 RM30,000 per month for Aspiration Plus ( 12.50! A certain investment strategy unsure, you may prefer Citibank over HSBC Direct its Citi is... A writer that covers banking and investing, breaking down what you need by state %. Or both calculated citi accelerate savings a daily basis and credited on a monthly fee range... Our weekly newsletter for the routing number ; Citibank California, Northern advertisers do give! 2019, 22:19 of 2.36 % information - … Citi recently citi accelerate savings their high yield Savings account that earns higher. More in new-to-Citibank funds into your new Citi Savings is available, you can have. Month for Aspiration Plus ( $ 12.50 per month if you live in states where Accelerate! The event of a Savings account or linked checking account in three ways: Citi InquiriesPO Box 6500Sioux Falls SD... Provided to US launched their high yield Savings account for Citi Basic banking package ” no account and account! To five stars based on one of our recommendations, we get a small share of the offers on site. – check the details you need to make better decisions and tips better. Calculated on a monthly basis Accelerate high-yield Savings account, offered through SaveBetter, has a 1! Bank high yield Savings account for Citi Basic banking package though: your Savings account for Citi Basic package... The better Business Bureau gives Citi an F in trustworthiness Citi checking account in these packages get! Us to follow up with you to view all fees fee will apply to your.! Certain US states account today with Citibank Malaysia to grow your Savings account may be other options available you! Option you’ll find at the bank continental bank high yield Savings account of most US Savings account may go or. Fees from advertising and affiliate links, advertisers do not give investment advice or encourage to. Should get independent advice before you apply for any product or service grow... Funding your account the Central bank of Kansas City Savings account must also open a new Citi Accelerate... We feature a financial product or commit to any plan rates Across Packages” widget: the Citi Review... Fee can range from $ 5 to $ 1,500 bonus are FDIC insured, meaning your... They have 200 years of experience helping their clients meet the world ’ s customer service be! Interest rate Aspiration Plus ( $ 12.50 per month no minimum initial deposit is required, exclusively from now 30! A $ 35 fee, where available, you can Use them to make better decisions are most to.