Yes, Citibank offers a high-yield savings account called Citi® Accelerate Savings. It is an online savings account with a variable APY, no minimum opening deposit, and FDIC insurance. A $4.50 monthly fee may apply if you do not meet Citi's waiver requirements, such as maintaining a $500 average monthly balance or owning a linked Citi checking account.
Citi Accelerate Savings is available only in select markets. The APY can depend on your residential address, account balance, Citi relationship tier, and applicable promotions. Citi's comparison page lists its APY information as accurate as of September 17, 2026, but the rate shown may vary by location.
Citi Accelerate Savings at a Glance
| Feature | Citi Accelerate Savings |
|---|---|
| Account type | High-yield savings account |
| Minimum opening deposit | None |
| APY | Variable; depends on location and other account factors |
| Monthly fee | $4.50 may apply if waiver requirements are not met |
| Fee waiver | $500 average monthly balance, linked Citi checking account, or qualifying Citi Relationship Tier |
| Check writing | Not available |
| FDIC insurance | Up to $250,000 per depositor, per ownership category |
| Availability | Select U.S. markets |
Rates and fees can change. Check the APY displayed for your residential address before opening the account.
What Is Citi Accelerate Savings?
Citi Accelerate Savings is Citibank's higher-rate savings product. It is separate from the standard Citi Savings account and is generally opened online, through the Citi Mobile® App, or by phone.
The account has no minimum opening deposit and does not offer check writing. Citi also says it may close an account that has a zero balance for 90 days.
What APY Does Citi Accelerate Savings Pay?
Citi Accelerate Savings does not have one universal APY for every customer. The applicable rate can depend on:
- Your residential or home address
- Your account balance
- Your Citi relationship tier
- Any applicable promotion
- The rate region attached to the account
The APY is variable, so Citibank can change it after you open the account. Enter your location on Citi's website to see the rate currently available to you.
Does Citi Accelerate Savings Have a Monthly Fee?
Citi Accelerate Savings may have a $4.50 monthly service fee. The savings account is opened within a Citi Access Account package. If you do not have a linked checking account and maintain an average monthly balance below $500, the fee may apply.
Citi waives the fee when:
- The account maintains a $500 or higher average monthly balance
- An owner of the savings account also owns a Citi checking account
- The customer qualifies for a Citi Relationship Tier
A $4.50 monthly fee adds up to $54 per year, so the waiver matters if you plan to keep less than $500 in the account.
Is Citi Accelerate Savings Available Everywhere?
No. Citi Accelerate Savings is available only in select markets. Eligibility is based on your residential or home address, not your mailing address.
Citi lists many eligible states, along with Texas and select markets in Florida and Illinois. If Citi does not offer Accelerate Savings in your area, the application may show a standard Citi Savings account instead.
Is Citi Accelerate Savings Worth Considering?
Citi Accelerate Savings may fit you if you:
- Already use Citibank for checking or other banking services
- Live in an eligible market
- Can maintain at least $500 or link a Citi checking account
- Want to keep your savings and everyday banking with one bank
It may be less suitable if you:
- Live outside Citi Accelerate's eligible markets
- Want a standalone savings account with no balance requirements
- Want an account with no monthly fee regardless of balance
- Need check-writing access from your savings account
Bottom Line
Check your residential address, the APY shown for your location, and the fee waiver terms before applying. Citi Accelerate Savings is most useful when you qualify for a fee waiver and want to keep your banking with Citibank.