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  Citibank Savings Account

Citibank Savings Account

in Savings Accounts from Citibank

Unaffiliated

Citibank Savings Account

Unaffiliated

in Savings Accounts from Citibank

Net Recommendation Score 0

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

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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1 user recommends
0 users are unsure
1 user doesn't recommend
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Highlights
Community Rating

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Monthly Fee $0 - $4.50
APY (Annual Percentage Yield) 0.04% - 0.15%
APY Minimum Balance $1

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).

Key Takeaways
  • 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.
Citibank 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.
Citibank savings account FAQ

Are savings accounts from Citibank federally insured?

No, your Citibank savings accounts are not insured by a federal insurance agency. This means that if Citibank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

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?

There is no minimum deposit to open a Citibank savings account.
Citibank Savings Account Minimums
Description
APY Minimum Balance $1
Minimum Balance to Avoid Monthly Fee Starting at $500
Minimum Opening Deposit Starting at $0

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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.

Contact

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

Other Services by Citibank

Icon for Savings Accounts
View all savings accounts offered by Citibank

Availability

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

Feature Breakdown

APY Minimum Balance $1
Minimum Balance to Avoid Monthly Fee Starting at $500
Minimum Opening Deposit Starting at $0
Early Account Closure $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Monthly Fee $0 - $4.50
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $12
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Outgoing) $45
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
APY (Annual Percentage Yield) 0.04% - 0.15%

Citibank Savings Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

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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