Last Updated: 04/18/2025
SuperMoney User Recommendation Score +50
Strongly recommended6 total votes
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
0.05%(Verified 06/21/2024)
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$1
Number of Reviews
Citi® Savings Account Review
Citi® Savings Account is offered through 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
- Low interest rate. The maximum annual percentage yield for this account is only 0.05%.
- Charges a monthly fee. This account charges a monthly fee of up to $4.5, but the fee may be 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
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Citi Savings Account FAQ
Are Citi® Savings Account deposits federally insured?
Yes, your deposits are insured 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 bonus of $0 .
What is the minimum initial deposit for Citi Savings Account?
There is no minimum deposit to open a Citi Savings Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service 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 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.
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.
Hours of Operation
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 6:00PMSaturday10:00AM - 3:00PM
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Other Savings Accounts from Citi®
APY (Annual Percentage Yield)
4.25%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$1
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +50, or 4 on a 5-point rating scale.
+50
-1000+100
No one recommends
Everyone recommends
Citi® Savings Account Community Reviews
Would you recommend Citi® Savings Account to your friends?
RK
Rohma K.
Jan 22, 2023
May or may not recommend
My family accounts are in citi bank. Their service is highly effeicient. Always recieved our ids and cards on time without delays. They offer good services and products.
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
Citi savings accounts are very useful and the resources from online customer representatives, in bank services, and just overall products are very good and useful.its cool to know how well the Citi savings and chechings are and I appreciate how much work they put into it.
LT
Leah T.
Nov 15, 2022
May or may not recommend
This is a standard savings account that does not require any money initially to deposit. You are only able to access this account if you live in certain parts of the U.S.
LV
Luis V.
Nov 14, 2022
May or may not recommend
Citi savings accounts are very useful and the resources from online customer representatives, in bank services, and just overall products are very good and useful.its cool to know how well the Citi savings and chechings are and I appreciate how much work they put into it.
MR
Matthew R.
Jun 3, 2021
May or may not recommend
What I enjoyed about starting a Citibank account is the help that the company provided me through the mail. They gave me checks, my bank info, and a card. The customer service was helpful as I established my account. The interest rates aren't too shabby either.
DM
Danny M.
Sep 13, 2019
May or may not recommend
Availability limited to small area of the U.S. . Should be available for all U.S. states.
Showing 6 of 6 reviews
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