Available to many states, Citibank Savings is offering a staggering 0.50% APY Rate. Continue reading below to learn everything you need to know about Citibank.
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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.
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 competitive APR rate on all balances.
- Account Type: Savings Account
- Interest Rate: 0.50% APY
- Availability: 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, TX, UT, VT, WA, WV, WI, and WY
- Excludes: Boston, Philadelphia, Seattle, Dallas (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
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 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 high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Aspiration||1.00% APY + $150 Cash||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|Discover Bank Online Savings||0.40% APY||Review|
|Axos Business Savings||0.20% APY + $100 Bonus||Review|
Citibank ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
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 0.50% APY rate.
|Balance Requirement||APY Rate|
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
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.