Available to many states, Citibank Savings is offering a staggering 2.21% APY Rate. Continue reading below to learn everything you need to know about Citibank.
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About Citibank Savings
Citibank was founded in 1812 as Citi Bank of New York but has since expanded nationwide and has locations in nearly every state. They have recently expanded their online banking service to reach everyone and make it easier to manage their accounts from anywhere.
I’ll review Citibank Savings below.
Note: Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Bank or CIT Bank.
Citibank Savings 2.21% Rate
Click “Open Account” below to learn more.
To earn Citibank’s competitive rate, simply have a balance of $500. That’s all it takes and you’ll get to enjoy earning the 2.21% rate on all balances.
- Account Type: Savings Account
- Interest Rate: 2.21% APY
- Availability: TX, AL, AK, AZ, AR, CO, DE, GA, HI, ID, IN, IA, KS, KY, LA, OK, ME, MA, MI, MN, MO, MS, MT, NE, NH, NM, NC, ND, OH, OR, PA, RI, SC, SD, TN, UT, VT, WA, WV, WI and WY and the following territories, possessions and military addresses of AA, AE, AP, AS, GU, MP, PR and VI (Bank Locator)
- Minimum Balance: $500
- Credit Inquiry: Soft pull
- Opening Deposit: None
- Credit Card Funding: None
- Monthly Fee: $4.50 can be waive with average monthly balance of $500 or more.
- Additional Requirements: See below
- Early Termination Fee: None
(FDIC Insured)
American Express Personal Savings Account - You earn 1.90% interest rate along with no minimum deposits or monthly fees. Amex Personal Savings has been my favorite Hub account for the past 5 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why: *No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account. *1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two. *No loss of interest during transfers - On the day you initiate your transaction on the Personal Savings website, the funds will be reflected in your Current Balance and begin earning interest. Some other features from American Express Personal Savings include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month. |
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Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos UFB High Yield Savings and CIT Bank Savings Builder accounts offer great rates available nationwide. The Discover Online Savings and Chase SavingsSM account have nice sign-up bonuses. |
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| PROMOTIONAL LINK | RATE | REVIEW |
| Discover Bank Online Savings | 1.90% APY + $200 Cash | Review |
| Simple | 2.02% APY + $300 Cash | Review |
| Betterment Everyday Savings | 2.38% APY | Review |
| CIT Bank Savings Builder | 2.20% APY | Review |
| UFB Direct High Yield Savings | 2.25% APY | Review |
| American Express High Yield Savings | 1.90% APY | Review |
Citibank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | None |
| Pull | ? | ? | ? | None |
Editor’s Note: Help us with the table above in the comment section if you have experience with Citibank’s ACH capabilities.
How to Earn Citibank Rate
- Open a Savings account from Citibank.
- Maintain a balance of $500 balance amount and earn the 2.21% APY rate.
| Balance Requirement | APY Rate |
| $500+ | 2.21% APY |
Why You Should Sign Up For This Account
- Receive high earnings without paying back in monthly fees
- Funding accounts is made easy via bank transfers, mobile deposit, wire transfer or check.
- Manage your accounts at your leisure from your computer, tablet or mobile device.
- All deposits are FDIC insured to the maximum amount allowed by the law
Bottom Line
Check out Citibank and open a Savings account this amazing rate! The fact that you can earn a high rate on any balance makes this Savings Account all worthwhile. Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Citibank Savings Account.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| Chase Total Checking® + Chase SavingsSM | $350 Cash | Review |
| Chase Total Business Checking® | $200 Cash | Review |
| Chase SapphireSM Checking | $750 Cash | Review |
| Simple High-Yield Checking | $300 Cash | Review |
| Discover Bank Online Savings | $200 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| You InvestSM by J.P. Morgan | $625 Cash | Review |
| Chase Private Client | $1,250 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Discover Cashback Debit Account | $360 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
If you close the account mid-statement period, will accrued interest post?
I wish I had realized that NY state was not eligible for the accelerated savings promo… I liked the idea that a bank with both a online and physical presence was offering such a high APY without high minimum deposit. Had I known that I would have waited till I could meet the 10k or 25k minimum deposit for some of their other higher APY offers. Live and learn I guess, back on over to Marcus for me till then.
Thanks for your comments. Hey was considering Marcus too
I couldn’t find a log on or phone number to open an account.
I was very excited to receive an offer for the 2.37% savings account along with my credit card statement. I signed up on-line and received an email that I’d get my account info in a few days. A week later a letter shows up in the snail mail saying the account is open and including a deposit slip. But, I can’t access the account on-line, it only shows my credit card, and when I called Citi they told me the account was on a hold, though they could not say why. They tell me the hold will be cleared in a few days and then I can log in on-line with my debit card pin. Of course, I don’t have a debit card for this account! There are other links on the letter supposedly for additional terms and conditions, etc., but none of those links work either.
Is anyone else having bizzare problems like this just to open a simple savings account? The whole process should have been on-line and done right away. I’m not asking for credit, and I’m an existing customer.
Also, as is standard, the customer service rep I spoke with on the phone was in a badly setup call center and I could barely hear her over the sounds of other operators and people talking and laughing in the background. The woman did speak proper English, though her thick accent combined with the background noise made the conversation nearly impossible. I’m not getting the warm and fuzzies from Citi!
I’ve had the EXACT same issue. We’ve called 3-4 times and keep getting told the account is on hold and they will email us documents to release it within 24 hours and we never get the email. Time after time.
I have been researching this offer before I signed up and there is a flood of band review on reddit from people having accounts cancelled and or various limits on withdrawing money. Not feeling so confident about signing up anymore.
According to the direct link which you provided, the rate is 2.16%, not 2.36%, and it’s a promo rate, only valid for 90 days. The effective annual APY is 0.60%. Also, as you stated, this account requires a minimum balance of $25,000. There are other nationally available savings accounts paying 2.50% as a regular rate and not just for 90 days, with no minimum balance required whatsoever.
Hello Mike, thank you for being a reader! We have since corrected the link which shows the current 2.36% APY. Simply maintain a $500+ average monthly balance in your account for the calendar month that ends prior to the last Business Day of your monthly statement period to avoid the $4.50 fee.