Citi® Savings Account
Citi® Savings Account
in Savings Accounts from Citi® · Member FDIC

Citi® Savings Account

in Savings Accounts from Citi® · Member FDIC
SuperMoney Net Recommendation Score +50  


This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

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Monthly Fee $0 - $4.50
APY (Annual Percentage Yield) 0.05%
(Verified 09/29/2022)
Minimum Balance to Earn APY $1
Number of Reviews 6

Citi® Savings Account Review

Citi® Savings Account is offered by Citi®, a bank founded in 1812 and based in New York, NY. It is made possible by a bank partnership with Citibank. Citi® Savings Account are available in 9 states (and Washington, DC).

Key Takeaways

  • Bonus offer. Open a new account and you can get
  • Low interest rate. The maximum annual percentage yield for this account is only 0.05%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $4.50, but the fee is waived if you keep a minimum balance of $500.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • No ATM fees. Citi® Savings Account does not charge fees on ATM transactions.

Citi Savings Account Pros & Cons

Pros Cons
  • Promotioanl Interest Rate for 3 months, up to $2,500 maximum interest earned.
  • Interest-yielding account.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • The Savings Offer can be taken away any time after (10) Business Days of account opening, when the available funds in the Eligible Citi Savings Account drops below $25,000.
  • No signup bonus.
  • Does not come with a debit card
  • Only available in 9 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.

Citi Savings Account FAQ

Are Citi® Savings Account deposits federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #07213) through Citibank. The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Citi® offer a signup bonus?

Citi Savings Account has a signup bonus of $0.

What is the minimum initial deposit for Citi Savings Account?

There is no minimum deposit to open a Citi Savings Account.
Citi® Savings Account Minimums
Minimum Balance to Avoid Monthly Fee Starting at $500
Minimum Balance to Earn APY $1
Minimum Opening Deposit Starting at $0

What APY does Citi® Savings Account offer?

Citi Savings Account offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Citi Savings Account charge?

Citi Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $500.

  • Outgoing domestic bank transfers come with a $35 fee.
  • Outgoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Citi Savings Account charges $5 every time you request a paper statement.

What features and perks does Citi Savings Account offer?

This savings account includes the following features:

  • Fraud monitoring - Citi Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Citi Savings Account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Citi Savings Account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Citi Savings Account?

The customer support email for Citi Savings Account is

How do people rate the customer service and user experience of Citi Savings Account?

Overall, Citi Savings Account is strongly recommended based on community reviews that rate customer service and user experience.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.


Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 10:00am - 3:00pm

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  Available in 9 states and Washington, D.C.
  • California
  • Connecticut
  • Florida
  • Illinois
  • Maryland
  • Nevada
  • New Jersey
  • New York
  • Virginia
  • Washington, DC

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $500
Minimum Balance to Earn APY $1
Minimum Opening Deposit Starting at $0
Monthly Fee $0 - $4.50
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $45
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $12
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Proof of Residence
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
Bauer Financial A+/A Rating
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
  • Member FDIC
Signup Bonus Starting at $0
APY (Annual Percentage Yield) 0.05%
(Verified 09/29/2022)

Citi® Savings Account Community Reviews


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This product is strongly recommended by SuperMoney users with a score of +50, equating to 4 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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