Citibank Savings Account

Citibank Savings Account Review

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

• Higher than average APY. Citibank Savings Account has an annual percentage yield of up to 0.15%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $1.
• 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.
• No ATM fees. Citibank Savings Account does not charge fees on ATM transactions.
• Bill pay. Pay your bills to practically anyone in the United States through Citibank.

Are savings accounts from Citibank federally insured?

Yes, this account is insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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 Citibank offer a signup bonus?

Citibank savings account has a signup bonus of $0.

What is the minimum initial deposit for Citibank savings account?

What APY does Citibank offer?

Citibank savings account offers an APY starting at 0.04% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change).

What fees does Citibank savings account charge?

Citibank 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.
• Citibank savings account charges $5 every time you request a paper statement.

What features and perks does Citibank savings account offer?

This savings account includes the following features:

• Fraud monitoring - Citibank 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 - Citibank 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 Citibank savings account?

In most cases, the answer is yes. 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 Citibank savings account?

The customer support email for Citibank savings account is customer.help@citi.com.

How do people rate the customer service and user experience of Citibank savings account?

Overall, Citibank savings account is mostly recommended based on community reviews that rate customer service and user experience.