Citi® Savings Account

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

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?

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).

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 customer.help@citi.com.

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.