Citi

Overview / Commentary

online.citi.com

800-374-9700

388 Greenwich St.
New York, NY 10013

Citibank serves clients across the full spectrum of consumer banking needs. Citibank serves as a trusted advisor to its retail, wealth management and small business clients at every stage of their financial journey.

New CITI Cash Rewards Credit Card - Awesome Secondary Tactical Addition - 6/16/2021

For those who don't carry a credit card balance and focus purely on rewards, Citi rolled out their new Custom Cash MasterCard. It's a traditional 1% CB card on all purchases (yawn) except that the card earns 5% on the first $500 of MONTHLY spend on the credit card users top eligible spend category. Eligible spend categories are restaurants, gas stations, grocery stores, select streaming services, select travel, select transit, home improvement stores, fitness clubs, live entertainment and drugstores. The user does not need to pre-select categories...its calculated automatically each billing period. So by strategically utilizing this card and tactically planning spend, you can maximize purchases each month (up to $500 for $25 in rewards/month) in one of those categories on this card and continue to utilize other, more lucrative cards for your other spending. For reference, most other cash back cards that offer 5% categories tend to cap the rebate at the first $1,500 of quarterly spend.

Citi Offering 0%Apr On Purchases Made Through Next Spring…Impact On Credit? - 6/12/2021

For those credit score “junkies” out there…a targeted offer from Citi for my credit card has a big zero on interest on “balance” payments made each month on those qualified purchases through a set date next year. Seems to me as a straight forward installment type purchase and could be useful rather than paying entire card balance off each month which has been the norm Q…is this good/bad/neutral to one’s credit score(s)? Thanks

Citi Accelerate Savings Drops To 0.50% APY - 12/15/2020

Got an e-mail from them on 12/12, which states the following rate change: As of 12/8/20, the Citi Accelerate Savings account variable rate changed to 0.50% Annual Percentage Yield¹ (APY).

View all posts from:

2021
2020
2019
Earlier

6/16 - New CITI Cash Rewards Credit Card - Awesome Secondary Tactical Addition
6/12 - Citi Offering 0%Apr On Purchases Made Through Next Spring…Impact On Credit?

12/15 - Citi Accelerate Savings Drops To 0.50% APY
8/18 - Business Account: Up To $2,000 For Up To $200K For 60 Days
4/13 - Citibank Unresponsive
1/30 - Citi - Offers Cash Bonus For New Checking/Savings Accounts

12/12 - Citi Accelerate Savings @2.05% APY Is NOT Available In FL

Reviews (183)

Banking with Citi as a student was simple

Posted by: Canesti | May 23, 2018

I banked with Citibank while I was a foreign student in New York City. I used the account to receive money from my parents who were not in the US. Citibank charged reasonable exchange rate and wire transfer fees. As a student, they allowed me to open a checking/ savings account with no minimum account balance required. They also provided me with free check books that really came in handy. After I graduated, I used Citibank to send money back to my Citibank account based in my home country to pay back a loan. Citibank never revoked my student status so I never felt the pressure to maintain a high account balance. When I did transfer funds internationally, I simply walked into a nearby Citibank branch and was always greeted by friendly bank employees. I have always had a good experience with Citibank.

Caution On Bonus's

Posted by: sheldonagibbs | Dec 11, 2020

Look carefully if you are going after one of their many bonus's After you have satisfied all the requirements, on the $700 bonus, they have up to 90 days to actually credit you with the bonus. I am waiting right now.

Comment

What A Mess

Posted by: Buckeyes | Aug 5, 2019

So I applied for and was approved for interest checking and Citi accelerate savings. So I went into my account and found no proof that I would get the 2.36 percent. So I kept digging. Turns out this rate isn't available in NY! I would be getting, evidently, some God awful brick and mortar savings rate of around .13 percent. Thats right. I was approved for a product not available in NY. Not funny. Can't wait to shred the checks and debit cards on the way.
Update- On August 10 i called Citibank and was told my rate would be .04 percent. I closed my accounts.

Comment

Insightful banking experience with Citi

Posted by: Charidity | May 23, 2018

I have been with Citibank for over 7 years now. After graduating from college and thankfully getting employed in the desired industry, occasionally I am obliged to travel with my supervisor overseas to meet with potential partners. I was very fortunate to have opened checking account with Citibank. Citibank is considered to be an international player in banking and have many branches worldwide. Thus, I manage to avoid many foreign transaction fees when using my debit card to purchase or get cash from ATM overseas. It has been very smooth, convenient, comfortable and satisfying to be part of this company. Wherever I go, I feel like there will be service that is managed by Citibank and I will avoid paying any unnecessary and extra fees on my banking transactions. On top of that, Citibank has an excellent customer service. Once, I remember I needed a proof of residence for one my application at different bank. I contacted Citibank and requested the letter from them as I had been with them for long time. In 24 hours, the letter was available online in my account and I was able to download it in PDF format immediately. It was very fast with high quality response to my concern. I hope I will be with them for many years to come

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Health

Data as of Q1 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	7213
Year Established	1812
Employees	169060
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.65%
Return on Equity - YTD	17.07%
Annual Interest Income	$10.31B

Assets and Liabilities
Assets	Q1 2021vs Q1 2020	$1,684.6B$1,632.7B
Loans	Q1 2021vs Q1 2020	$619.3B$676.7B
Deposits	Q1 2021vs Q1 2020	$1,305.8B$1,208.8B
Equity Capital	Q1 2021vs Q1 2020	$163.6B$152.2B
Loan Loss Allowance	Q1 2021vs Q1 2020	$19.18B$18.33B
Unbacked Noncurrent Loans	Q1 2021vs Q1 2020	$5.94B$5.70B
Real Estate Owned	Q1 2021vs Q1 2020	$33.0MM$42.0MM

Rates

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Always verify rates and promotions with the bank or credit union. We are not Citi; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Citi Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^†	-	-	Citi Accelerate Savings

Citi Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*^†	$25k^*	-	Citi Elevate
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $25k
0.03%^†	$200k	-	Citigold®
0.03%^†	$50k	-	Citi Priority

Citi CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^†	$1k	-	3 Month CD
0.15%^†	$1k	-	5 Year CD
0.10%^†	$1k	-	4 Month CD
0.10%^†	$1k	-	1 Year CD
0.10%^†	$1k	-	18 Month CD
0.10%^†	$1k	-	2 Year CD
0.10%^†	$1k	-	30 Month CD
0.10%^†	$1k	-	3 Year CD
0.10%^†	$1k	-	4 Year CD
0.10%^†	$1k	-	13 Month CD
0.10%^†	$1k	-	14 Month CD
0.10%^†	$1k	-	15 Month CD
0.10%^†	$500	-	30 Month Step Up CD
0.05%^†	$1k	-	5 Month CD
0.05%^†	$1k	-	6 Month CD
0.05%^†	$1k	-	7 Month CD
0.05%^†	$1k	-	8 Month CD
0.05%^†	$1k	-	9 Month CD
0.05%^†	$1k	-	10 Month CD
0.05%^†	$1k	-	11 Month CD
0.05%^†	$500	-	12 Month No Penalty CD