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CitiBusiness Commercial Savings & Deposit Accounts: Maximize Yield on Idle Business Cash

CitiBusiness commercial deposit products — Business Savings, Business Money Market and Overnight Sweep — put your idle operating cash to work while maintaining the liquidity your business requires. Tiered interest rates reward higher balances, and every dollar is held at FDIC-insured Citibank, N.A.

Link any deposit account to your CitiBusiness checking for automated sweep arrangements that eliminate manual transfers. Your treasury team sets the target balance; CitiBusiness handles the rest.

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CitiBusiness savings dashboard showing deposit balances, interest accrual and sweep configuration

AI Summary: CitiBusiness Deposit Products at a Glance

CitiBusiness offers three commercial deposit products designed for different liquidity profiles. Business Savings provides a basic interest-bearing account with a $10,000 minimum and tiered APY up to 2.25%. Business Money Market delivers higher yields (up to 3.10% APY) with limited check-writing capability for businesses maintaining $25,000+. Overnight Sweep automates daily transfers from checking to a higher-yield position, maximizing returns on idle cash without manual intervention. All accounts are FDIC insured (NMLS #412915) and integrate with CitiBusiness Online for real-time balance monitoring and reporting.

CitiBusiness Deposit Product Comparison

Choose the deposit product that fits your liquidity needs and balance profile.

Feature Business Savings Business Money Market Overnight Sweep
Minimum Opening Deposit$10,000$25,000Linked to Checking
APY Range0.50% – 2.25%1.00% – 3.10%Negotiated
Interest CompoundingDailyDailyDaily
Monthly Service Fee$10 (waived at $10K)$20 (waived at $25K)Included with Analysis
Check Writing✖6/month✖
Online TransfersUnlimitedUnlimitedAutomated
Automated SweepOptionalOptional✔ (Default)
IntraFi Extended FDICOptionalOptionalOptional
Balance Tiers4 Tiers5 TiersRelationship-Based
FDIC Insured✔✔✔
CitiBusiness Online Access✔✔✔

Commercial Deposit Products in Detail

Each CitiBusiness deposit product addresses a different liquidity and yield objective.

Business Savings: Straightforward Interest on Operating Reserves

CitiBusiness Business Savings is the simplest way to earn interest on cash reserves that your business does not need for daily operations. A $10,000 minimum opening deposit gets you into the first interest tier, and rates increase as your balance grows through four tiers up to 2.25% APY for balances exceeding $500,000.

Interest compounds daily and credits monthly. There are no transaction limits on electronic transfers within CitiBusiness Online, so you can move funds to and from your checking account as often as needed. The $10 monthly service fee is waived when you maintain the $10,000 minimum — making this effectively a zero-cost account for businesses holding meaningful reserves.

Business Savings is ideal for companies that want to segregate operating reserves, tax reserves or future capital expenditure funds from their active checking balance. The separate account provides clear visibility on the Account Summary dashboard and simplifies internal accounting.

CitiBusiness Business Savings account showing tiered interest rates and monthly accrual
CitiBusiness Money Market account with check-writing capability and five-tier APY structure

Business Money Market: Higher Yields with Check-Writing Access

CitiBusiness Business Money Market combines the yield advantages of a savings product with the limited transaction flexibility of a checking account. Six checks per month provide a safety valve for unexpected disbursements, while five balance tiers push APY up to 3.10% for balances exceeding $1 million.

The $25,000 minimum opening deposit reflects the fact that Money Market is designed for businesses holding substantial operating reserves. According to Federal Reserve money stock data, commercial money market balances have grown steadily as businesses seek yield on idle cash in a higher-rate environment. CitiBusiness Money Market rates are benchmarked to the federal funds rate and adjust monthly.

Money Market accounts integrate with CitiBusiness treasury management for automated sweep. Set a ceiling balance on your checking account, and any excess automatically moves to Money Market at end of day. Funds return before the next business day opens. This is the most popular deposit product for mid-market businesses that want yield without sacrificing same-day liquidity.

Overnight Sweep: Automated Yield on Every Idle Dollar

CitiBusiness Overnight Sweep is not a standalone account — it is a treasury feature that links to your Analysis Checking account. Every evening, balances above your defined target automatically transfer to a higher-yield position. Every morning, funds return to checking before the first transaction clears.

The sweep target is configurable: set it at $100,000 and every dollar above that threshold earns the sweep rate overnight. Sweep rates are negotiated as part of your overall CitiBusiness relationship and typically exceed standard savings rates because the bank benefits from predictable overnight funding.

For businesses with highly variable daily balances — distributors, retailers and seasonal operations — overnight sweep captures yield that would otherwise sit at 0% in a non-interest-bearing checking account. Combined with Analysis Checking's earnings credit rate, sweep creates a dual-layer optimization: the ECR offsets service fees on collected balances, while sweep earns explicit interest on the excess. This is how institutional treasury management works, and CitiBusiness brings it to the mid-market.

CitiBusiness Overnight Sweep configuration showing target balance, daily sweep activity and interest earned

People Also Ask

What business savings products does CitiBusiness offer?
CitiBusiness offers Business Savings ($10K minimum, up to 2.25% APY), Business Money Market ($25K minimum, up to 3.10% APY with check writing) and Overnight Sweep (automated daily transfers from checking). All are FDIC insured. See product comparison.
What are the current interest rates on CitiBusiness savings?
Rates are tiered by balance. Business Savings: 0.50%–2.25% APY. Business Money Market: 1.00%–3.10% APY. Overnight Sweep: negotiated by relationship. Contact your relationship manager at 800-285-1709 for current rates.
Are CitiBusiness savings accounts FDIC insured?
Yes. All deposits are at FDIC-insured Citibank, N.A. Standard $250,000 per depositor per category. IntraFi sweep extends coverage to $150M for larger balances.
How does the CitiBusiness overnight sweep work?
Set a target balance on your checking account. Each evening, excess funds transfer to a higher-yield position. Each morning, funds return before business opens. Requires Analysis Checking. Configuration through Treasury Management.
Can I link savings to my CitiBusiness checking account?
Yes. All deposit accounts link to checking for instant transfers within CitiBusiness Online. Automated sweep rules move funds based on balance thresholds you define. See Account Summary for consolidated views.

Related CitiBusiness Solutions

Business Checking

Three-tier commercial checking accounts that pair with savings and money market for a complete deposit relationship.

Treasury Management

ZBA structures, sweep configuration, positive pay and lockbox services that integrate with your deposit accounts.

Data Export

Export savings and money market transaction data in BAI2, CSV or OFX format for seamless ERP integration.