Citibank

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.50%	5-year CD	5 Year CD 1.85% - Synchrony Bank 60 Month CD
0.10%	1-year CD	10 Month CD 1.05% - Ally Bank High Yield 12-Month CD
0.08%	Savings	Citibank Savings Plus Account 1.00% - Ally Bank Online Savings Account

View all Citibank rates »

Overview / Commentary

www.citibank.com

800-374-9700

701 East 60th Street North
Sioux Falls, SD 57104

CitiBank is one of the world’s largest financial institutions, with over a trillion dollars worth of assets. It features a wide scope of business operations, from small business and commercial banking, to credit cards and investment vehicles. Its personal banking options feature standard products like checking, savings, and money market accounts, as well as certificates of deposits. The bank also features services that are unique to CitiBank and offer customers intuitive means of managing their deposit accounts.

CitiBank’s checking account offerings differ by account requirements and benefits. It has a student account that has no monthly fees and comes free ATM use, and its premium account offers free financial advice from a CitiBank expert. Each checking account is part of the bank’s reward program that offers ways for customers to earn points that can be redeemed for various merchandise or travel rewards. CitiBank’s savings account options feature a basic savings account with no monthly fees when a minimum daily balance is kept, and a money market account that offers increased rates of interest as the account balance grows. CDs and IRA CDs give customers guaranteed interest rates and are available in term lengths from 3 months to 5 years. CitiBank regularly features special offers connected to various deposit accounts, from bonus reward points to cash back incentives.

CitiBank online banking is free and makes account management easy for customers. From bill payment to money transfers to account alerts, Citi’s Internet banking platform offers great functionality. Its smartphone and tablet apps make banking on the go convenient and offer nice user interfaces. Citi’s sophisticated financial tools also provide a means for customers to analyze expenses, create budgets, track their net worth, and set bill reminders. The bank operates its own ATM network of over 26,000 ATMs located across the United States and in 40 countries.

CitiBank has more than 200 years of history behind its name, being originally established in New York City as the First National City Bank in 1812. It is a subsidiary of CitiGroup, which is a company that operates numerous trusts and funds under its umbrella. The bank changed its name to CitiBank in 1976 moved to its current headquarters in Sioux Falls, South Dakota in 2011.

$400 Checking Bonus After 120 Days, Through 8/31/16 - 6/15/2016

30 Days of $15K; then reduce to $10K while awaiting $400 reward; then downgrade to $1,500 min account -- for another month -- to avoid closing fee hassles. Details /Analysis here : Citibank $400 Checking Bonus with $15,000 Initial Deposit - No Direct Deposit Needed - Doctor Of Credit Citibank offer page here: Citibank

CREDIT CARD - 1/24/2016

I recently opened a 2% cash back credit card with CITI. I put my Comcast, electric bill, heating bill, and car, house, personal liability and other insurance on this card along with any other things that have a 1% cash back on my other credit cards. They, as others do, will mail me my statement and debit the full amount each month from my checking account. So far, as with my other cards it has worked without a hitch. It was easy to open and everything ran smoothly. The card came within a few days. This is just a way to double the amount I would have received on some of the things on other cards out there. I still get the 5% off my gasoline with Pen Fed. I also like that so far the cash back on credit cards is not taxable and or the amounts are not added into the MAGI.

View all posts from:

2016
2014
2013
Earlier

6/15 - $400 Checking Bonus After 120 Days, Through 8/31/16
1/24 - CREDIT CARD

10/30 - What You Can Do About The Rising Citibank Checking Account Fees
10/21 - Citi’s “Secure Message Center” Sends Online Message To Wrong Person
10/14 - Citi Pulls Consumer Banks From 11 Markets
9/29 - Is Citibank's New Checking Account Worth A Look?
4/9 - Citigroup To Pay $1.13 Billion To Settle Securities Claims
3/21 - Citibank To Raise Out-Of-Network ATM Fees
3/3 - Citigroup Discloses Money-Laundering Subpoenas
2/18 - Citibank Checking Account Bonuses of $250 and $500
2/12 - $125 + $125 For New Citibank Account
1/24 - Citibank’s ATM Experience Takes On A New Look

10/2 - Citibank Checking Account Bonus of up to $400
10/2 - History of Citibank Bonus Payouts
8/30 - Citigroup Said To Seek Sale Of 50 Texas Branches In Rural Areas

Reviews (24)

Featured Account Options

Review Of Banking With Citi By A Happy Customer

Posted by: LizLasko | Apr 13, 2016

I would say I have had a wonderful experience using CITI Bank. I especially enjoy the mobile app I have downloaded on my Android device. I can access up to seven years of statements and this was helpful when i was purchasing a home because the mortgage company requested several years of banking history. Also another big thing I've seen many banks offering is the mobile check deposit. I have sued this feature and I found that the app works great but I had issues while taking pictures of the front and back of my check. I kept getting errors and had to take many pictures before they were accepted by the app. I know on the commercials it looks so easy, and it should be easy, the app is set up quite easy, I feel this was just my camera and having bad lighting. The mobile check deposit didn't work or go as smoothly and quickly as I though it would. I do love their website as well as the mobile app as I feels it's user friendly and easy to maneuver and find anything i'm looking for on their website. I am lucky enough to have a credit card with them as well, so what's great about that is when i'm on my app I can click a button that says pay my credit card and it allows me to make my payment, without having to leave the screen or go to a new app or website. I have also set up notification one time when I paid my plumber a check I set up a notification for when he cashed it. I also set up a notification when my income tax was getting deposited. It's nice to be able to set up these updates especially when waiting for a check to clear. I have set up direct deposit and a auto pay to avoid the $12 monthly service fee. I do think the fee is higher than most banks but it's nice that I had the option to set up direct deposit and auto pay to avoid the fee. Another nice service they offer for customer like me with credit cards is I can ask them to reissue a credit card, or even activate a new credit card right through the mobile app on my phone. I love that they offer so many great things I can do with my phone. I feel this is the way of the future technology is everything, and Citi is definitely keeping up with the future of technology and all that they offer. I have recommended them to my friends and family more than once because I just love all the features I get right on my phone. I also like I was able to go paperless with my monthly statement so i don't have to worry if it got lost in the mail. Now I get an email every month, and there is a link in the email I click on that takes me right to my statement. I have email on my phone, so I did have to download an adobe reader app to my phone I found this out the hard way as the first time i tried to do it I couldn't get the statement to open. I love that I can access all this information right from my phone, and that I am helping save the environment because they're not cutting down trees to send me a monthly statement. They do offer many different types of checking accounts I just have the most basics but there are so many options especially if you're someone that keeps a higher balance, unfortunately I am not. The interest rate is pretty low only 0.01% so I'm not making much in interest but again I keep a pretty low balance, and they do have options for people that keep higher balances. All and all I would say my experience with their banking and their credit cards have been quite nice.

A solid bank with plenty branch locations in NYC

Posted by: jy10003 | Jun 29, 2016

I have been a customer with Citibank since I was old enough to have a bank account. They offered a great starter account that was joint savings and checking several years ago. I haven't wanted to change since and even had my husband join in the account. Unfortunately, interest rates overall (not specific to Citibank but general to almost all reputable banks currently) are so low, it doesn't make a whole lot of sense to shift money into one of their other products such as a CD. However, my husband and I did look into this at one point and we had a live human being help us right away and lay out the terms and rates and answer all our questions very clearly. They have a lot of good literature and well-designed informational pamphlets in their branches. I recommend going into your local branch and checking them out and you can get a sense for yourself whether this is the right bank for you.

Citibank Is Only Ok For Credit Cards

Posted by: bankdealers | Jul 11, 2010

Citibank accounts are just not that great. They have lots of fees; they require large balances such as 1500 or 6000 or 10000 or 100000 to avoid ridiculous monthly service fees. Plus, they still charge you for wires, official bank checks, and to use a non-Citibank ATM without any reimbursements of non-Citi ATM fees. Plus, I find that everytime I call customer service reps, even for more banking questions and issues, are outsourced to India. They do not help. I had to go to my branch bank and have them go through some internal callings to follow up on banking issues.

Their credit cards are ok. The thankyou network is ok. Sometimes the thankyou points to gift card conversions is not 1-1, more like 0.833:1

Online AWFULNESS!!

Posted by: robinlenogue | Jul 22, 2016

Just spent 1h on the phone with EVERYTHING but useful. One of the reps didn't even know what a Citi Prestige Credit Card was. Nearly impossible to get someone on the phone if you don't have a Citibank account, also, which is kinda funny I guess they don't want new customers. I was to go with the Citi Prestige CC, but I might stay with my good Amex Experience and apply to their Platinum Card instead then....

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Health

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
FDIC Certificate #	7213
Year Established	1812
Employees	161412
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.95%
Return on Equity - YTD	8.67%
Annual Interest Income	$23.16B

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$1,365.7B$1,336.2B
Loans	Q2 2016vs Q2 2015	$596.9B$583.6B
Deposits	Q2 2016vs Q2 2015	$947.3B$941.7B
Equity Capital	Q2 2016vs Q2 2015	$148.9B$148.3B
Loan Loss Allowance	Q2 2016vs Q2 2015	$10.60B$11.30B
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$6.93B$6.05B
Real Estate Owned	Q2 2016vs Q2 2015	$91.0MM$145.0MM

Rates

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Always verify rates and promotions with the bank or credit union. We are not Citibank; 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.

Citibank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.08%^*^†	$500k^*	-	Citibank Savings Plus Account
OTHER TIERS: 0.01% → Up to $10k \| 0.03% → $10k - $25k \| 0.04% → $25k - $100k \| 0.06% → $100k - $500k

Citibank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.03%^†	$500	-	Citigold Interest Checking
0.01%^†	$100	-	Interest Checking Account
0.01%^†	-	-	Basic Banking Package
0.01%^†	-	-	Access Account Package

Citibank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^†	$1k	-	5 Year CD
0.35%^†	$1k	-	3 Year CD
0.35%^†	$1k	-	4 Year CD
0.25%^†	$1k	-	18 Month CD
0.25%^†	$1k	-	2 Year CD
0.25%^†	$1k	-	30 Month CD
0.20%^†	$1k	-	13 Month CD
0.15%^†	$1k	-	1 Year CD
0.10%^†	$1k	-	9 Month CD
0.10%^†	$1k	-	10 Month CD
0.07%^†	$1k	-	6 Month CD
0.07%^†	$1k	-	7 Month CD
0.07%^†	$1k	-	8 Month CD
0.05%^†	$1k	-	3 Month CD
0.05%^†	$1k	-	4 Month CD
0.05%^†	$1k	-	5 Month CD

Citibank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^†	$1k	-	5 Year IRA
0.35%^†	$1k	-	3 Year IRA
0.35%^†	$1k	-	4 Year IRA
0.25%^†	$1k	-	18 Month IRA
0.25%^†	$1k	-	2 Year IRA
0.25%^†	$1k	-	30 Month IRA
0.20%^†	$1k	-	13 Month IRA
0.15%^†	$1k	-	1 Year IRA
0.10%^†	$1k	-	9 Month IRA
0.10%^†	$1k	-	10 Month IRA
0.07%^†	$1k	-	6 Month IRA
0.07%^†	$1k	-	7 Month IRA
0.07%^†	$1k	-	8 Month IRA
0.05%^†	$1k	-	3 Month IRA
0.05%^†	$1k	-	4 Month IRA
0.05%^†	$1k	-	5 Month IRA

Locations

Citibank has 1,052 locations. Click to view all Citibank locations.