Earn 12 times the national savings average with this Citi high-yield savings account

Key Facts

Cons: * Minimum balance of $500 required to avoid a $4.50 monthly service fee unless you also have a checking account in the Citi Elevate Account Package.
On the other hand, if you already have a Citi checking account in the Citi Elevate Account Package or don’t mind setting one up, then you won’t have to worry about the Citi® Accelerate Savings monthly maintenance fee.
Citi® Accelerate Savings American Express High Yield Savings Marcus by Goldman Sachs Opening deposit requirement $0 $0 $0 Annual percentage yield (APY) 0.50% 0.40% 0.50% Monthly account fee $4.50 if you don’t have a checking account in the Citi Elevate Account Package or don’t maintain an average monthly balance of $500 or more None None Branches/ATM network Yes, 65,000 ATMs No No As you can see, several other online savings accounts offer the same APY or close to it without any fees required or hoops to jump through.
If you already have an eligible Citi checking account or you plan to keep at least $500 in your new savings accounts at all times anyway, opening the Citi® Accelerate Savings account could help you secure 0.50% APY without a monthly service fee.