
To get the most out of your Citibank Savings Account Bonus, it's essential to understand the requirements. You'll need to maintain a minimum balance of $1,000 to qualify for the bonus.
Keeping your balance above the minimum threshold is crucial, as it's the key to unlocking the bonus. Aim to keep your savings account balance consistently above $1,000 to ensure you don't miss out on the bonus.
The bonus amount is tiered, with higher balances earning more. For example, if you maintain a balance between $1,000 and $9,999, you'll earn a higher bonus compared to maintaining a balance between $1 and $999.
By following these simple steps, you can maximize your Citibank Savings Account Bonus and earn rewards on your savings.
Check this out: Citibank Interest Rates on Saving Account
Important Information
From 1 March 2025, the balance cap eligible for bonus interest rate will be revised from S$70,000 to S$100,000.
The bonus interest rate of up to 3.0% p.a remains unchanged on your first S$100,000. This means you can still earn a high interest rate on your initial deposits.
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Important Notice

Starting from 1 March 2025, the balance cap eligible for bonus interest rate will be revised from S$70,000 to S$100,000.
The bonus interest rate of up to 3.0% p.a remains unchanged on your first S$100,000, meaning you can still earn this rate on the first S$100,000 of your balance.
This change is likely to affect many people, especially those with higher balances, as they will now be eligible for the bonus interest rate on a larger portion of their savings.
For another approach, see: Wells Fargo Saving Account Bonus
Benefits of Savings
The Citi Accelerate Savings Account is a great option for those looking to boost their savings. You can earn up to 13x the national average APY, which is one of the highest rates available.
One of the best things about this account is that it has no limit on interest earned, so you can keep earning more and more over time. Interest is compounded daily and paid monthly, which means you'll see the benefits of your savings grow quickly.

To qualify for the Citi Accelerate savings bonus, you'll need to have a Citi Accelerate Savings Account in a relationship tier, and be subject to the applicable fees, including non-Citibank ATM fees.
The Citi Savings account is protected up to $250,000, which gives you peace of mind knowing your savings are safe. You'll also have access to over 2,400 ATMs, making it easy to access your money when you need it.
Some other benefits of the Citi Savings account include no initial deposit requirement, so you can open a new account with as little as you want. You can also set up an auto save plan to automatically transfer money from your checking account into your savings.
Here's a summary of the benefits of the Citi Savings account:
- No initial deposit requirement
- Auto save option
- No minimum balance to earn interest
- Rewards through Citi ThankYou Rewards points
3.00% P.A
With the Citi MaxiGain Account, you can earn up to 3.00% p.a. interest on the first S$100,000.
Bonus interest rates step up monthly from 0.25% p.a. to a maximum of 3.00% p.a. if the lowest balance in your MaxiGain account in a month is equal to or greater than the lowest balance in the previous month.
For your interest: Average American Saving Account Balance
The Counter increases by 1 each time the Bonus Interest Rate steps up, and bonus interest is computed based on the previous month's lowest balance and number of calendar days in the previous month.
To earn the 3.00% p.a. interest, your lowest balance in the current month must be equal to or greater than the lowest balance in the previous month.
Here's a breakdown of how the bonus interest rate steps up:
If your lowest balance in the current month is lower than the lowest balance in the previous month, the Counter will reset, and you'll need to start over.
Broaden your view: Zero Balance Saving Account
Current Promotions
If you're looking to earn a bonus with your Citi Bank savings account, there are several promotions you can take advantage of. The Citi Welcome Checking Cash Bonus offers up to $1,500 for new customers who open an eligible checking account and meet the required deposit minimum.
You can earn up to $325 with the Citi Checking Account, and up to $2,000 with the Citi Business Checking. Both of these promotions have an expiration date of July 7, 2025. The Citi Accelerate Savings Account offers a variable APY, which can earn you up to 13 times the national average.
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To qualify for the Citi Welcome Checking Cash Bonus, you must be at least 18 years old, meet the balance requirements, and not have held a Citi checking account in the past 180 days. The bonus will be credited to your account within 30 days of completing the required activities.
Here are the current Citi promotions:
The Citi Accelerate Savings Account also offers a bonus interest rate that steps up monthly to a maximum of 3.00% p.a. interest after 12 months. This can be a great way to earn extra interest on your savings.
Savings Account Details
A savings account with Citibank can earn you a bonus, and here's what you need to know. The minimum balance required to earn the bonus is $1,000.
To open a Citibank savings account, you'll need to deposit at least $100. The account also comes with a debit card, which is convenient for making purchases or withdrawing cash.
The interest rate on a Citibank savings account is variable, but it's currently around 0.01% APY. This means you'll earn a small amount of interest on your balance, but it's not a high-yield account.
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Savings

A savings account is a type of bank account that earns interest on your deposited funds.
The interest rate on a savings account can vary depending on the bank and the type of account you have, but it's usually a low percentage, around 0.01% to 2% APY.
You can expect to earn around $10 to $100 in interest per year, depending on the balance in your account.
Savings accounts typically come with a debit card or checks to access your funds.
Most savings accounts have a minimum balance requirement to avoid monthly maintenance fees, usually around $100 to $500.
Some savings accounts offer additional features, such as mobile banking apps or online bill pay, to make managing your account easier.
You can usually access your savings account online or through a mobile banking app, making it easy to check your balance and transfer funds.
Savings accounts are FDIC-insured, which means your deposits are insured up to $250,000, providing a level of protection for your funds.
On a similar theme: Online Saving Account Description
Deposits:
Deposits can be made into a savings account in a variety of ways. Citi Accelerate Savings Account allows deposits via ATM or branch, direct deposit, online or wire transfer, mail, or mobile deposit.
To make a deposit, you can use one of the following methods: ATM or branch, check, online or wire transfer, or bill pay. It's worth noting that some banks may have specific requirements for deposits, such as a minimum amount or a certain type of account.
The Citi Accelerate Savings Account has no limit on interest earned, and interest is compounded daily and paid monthly. This means that the interest on your deposit will be added to your account balance on a daily basis, and then paid out to you on a monthly basis.
Here are some common deposit methods and their corresponding options:
By understanding the deposit options available to you, you can make informed decisions about how to manage your savings account and reach your financial goals.
Interest Calculation
Base interest is earned on the entire balance in your Citi MaxiGain Account, regardless of the balance amount, at a rate of 0.01% p.a.
You will receive your base interest on the last day of a month. For example, you will receive your base interest on the last day of December 2024, provided the lowest balance in December 2024 is equal to or greater than the lowest balance in November 2024.
Bonus interest is calculated based on the previous month's lowest balance and number of calendar days in the previous month. The lowest amount of funds in your MaxiGain account at any point in time in a month shall be the "lowest balance" of that month.
What Determines Interest Calculation?
The interest calculation process is based on a few key factors.
To earn bonus interest, your lowest balance in the current month must be equal to or greater than the lowest balance in the previous month. This is a crucial condition that determines whether you'll receive bonus interest.
The bonus interest rate steps up each month, from 0.25% p.a. to a maximum of 3.00% p.a., if the lowest balance in your account meets the condition mentioned earlier. The rate increases by 1% each time the condition is met.
The Counter increases by 1 each time the bonus interest rate steps up. This Counter is an important metric that determines the bonus interest rate.
Here's a breakdown of how the Counter works:
The bonus interest is computed based on the previous month's lowest balance and the number of calendar days in the previous month. This means that the bonus interest will be calculated using the lowest balance from the previous month, not the current month.
When Will I Receive Base Interest?
You'll receive your base interest on the last day of a month. For example, if you opened your account on November 18, 2024, you'll receive your base interest on December 31, 2024.

Base interest is calculated daily, but it's only accrued at the end of each month. Let's look at a breakdown of when base interest is accrued in the example:
As you can see, base interest is accrued at the end of each month, and you'll receive it on the last day of that month.
Account Management
To manage your Citibank savings account effectively, you should regularly review your account details to ensure accuracy.
You can easily do this by logging into your online banking account or mobile app.
Make sure to update your contact information and address to ensure you receive important account notifications.
Citibank allows you to add or remove account holders, making it easy to manage joint accounts.
To avoid any overdraft fees, keep an eye on your account balance, especially if you have a linked checking account.
By regularly monitoring your account activity, you can stay on top of your finances and make informed decisions about your money.
Frequently Asked Questions
What is the $450 bonus for Citibank savings accounts?
To earn the $450 bonus, you must open a Citi Accelerate High-Yield Savings Account, fund it with $20,000 in new Citibank funds within 20 days, and maintain that balance for 60 days. This bonus is part of the Access Account Package, offering a significant reward for new Citibank customers.
How do I earn $400 with Citibank checking account?
To earn $400 with Citibank, enroll in the "$400/$500 Checking and Savings Offer" and open a new Eligible Checking and Savings Account. You'll need to meet certain requirements, including being at least 18 years old and having a valid W-9 or W-8 BEN on file.
How do I earn $2000 from Citibank?
To earn $2000 from Citibank, open a new CitiBusiness Checking Account and deposit at least $200,000 within 45 days of account opening. Maintain this balance to qualify for the bonus.
Sources
- https://www.citibank.com.sg/content/cgcpc/sg/prelogin/www-citibank-com-sg/personal-banking/deposits/savings-account/citi-maxigain-savings-account.html
- https://www.bankrate.com/banking/checking/citibank-new-account-promotion-savings-checking-bonus/
- https://www.gobankingrates.com/banking/banks/best-citi-account-promotions/
- https://www.doctorofcredit.com/citi-300-checking-bonus/
- https://www.finder.com/banking/citibank/citibank-savings-account
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