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  City Bank Regular Savings Account

City Bank Regular Savings Account

in Savings Accounts from City Bank · fdic

Unaffiliated

City Bank Regular Savings Account

Unaffiliated

in Savings Accounts from City Bank · Member FDIC

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Highlights
Monthly Fee $10
APY (Annual Percentage Yield) Starting at 0.01%
APY Minimum Balance N/A

City Bank Regular Savings Account Review

City Bank Regular Savings Account is offered by City Bank, a credit union founded in 1941 and based in Lubbock, TX. City Bank Regular Savings Account is available in 2 states across the USA.

Key Takeaways
  • Charges a monthly fee. This account charges a monthly service fee of $10, but the fee is waived if you keep a minimum balance of $300.
  • $300 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Bill pay. Pay your bills to practically anyone in the United States through City Bank.
City Bank Regular Savings Account Pros & Cons
Pros Cons
  • Access to physical branches.
  • No signup bonus.
  • Does not earn interest.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in 2 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
City Bank Regular Savings Account FAQ

Are savings accounts from City Bank federally insured?

Yes, your City Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #25103). 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 City Bank offer a signup bonus?

City Bank Regular Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for City Bank Regular Savings Account?

The minimum deposit to open a City Bank Regular Savings Account is $300.
City Bank Regular Savings Account Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $300
Minimum Opening Deposit Starting at $300

What APY does City Bank offer?

City Bank Regular Savings Account offers an APY starting at 0.01% (APY stands for annual percentage yield, rates may change).

What fees does City Bank Regular Savings Account charge?

This account charges a monthly service fee of $10. However, you can waive the monthly fees if you have a minimum daily balance of $300.

  • Outgoing domestic bank transfers come with a $20 fee.
  • Incoming domestic bank transfers come with a $10 fee.
  • Outgoing international bank transfers come with a $70 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Incoming international bank transfers come with a $15 fee.
  • City Bank Regular Savings Account charges a $15 fee for an early account closure. Contact City Bank Regular Savings Account for more details on what is considered an early closure.
  • City Bank Regular Savings Account charges $5 every time you request a paper statement.

What features and perks does City Bank Regular Savings Account offer?

This savings account includes the following features:

  • Fraud monitoring - City Bank Regular 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 - City Bank Regular 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.

Can you set up a direct deposit to City Bank Regular 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 City Bank Regular Savings Account?

The customer support email for City Bank Regular Savings Account is support@citybanktexas.com.

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Availability

  Available in 2 states
  • New Mexico
  • Texas

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $300
Minimum Opening Deposit Starting at $300
Early Account Closure $15
International ATM Surcharge $1.50
Monthly Fee $10
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $33
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $70
Account Features
  • Member FDIC
  • Branch Access
  • Free Bill Pay
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) Starting at 0.01%

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