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.

Citi Rate Changes As Of 8-31-2022 - 8/31/2022

Citi rate changes as of 8-31-2022 include: High Yield Savings Account @ 2.00% (was 1.65%),12-month NP CD @ 2.25% (was 1.75%),1-year CD @ 2.75% (was 2.50%), 18-month CD @ 2.85% (was 2.75%), The 2-year, 3-year, 4-year, and 5-year CD rates are uncompetitive @ 2.00% (they were 1.01%) The rates that Citi offer vary depending on location. To view the rates in your region see: https://online.citi.com/US/ag/banking/savings-account https://online.citi.com/US/ag/current-interest-rates/cd

Citi Drops Overdraft Fees - 6/19/2022

Email rec'd 6/18/22: "Effective June 19, 2022, Citi is eliminating overdraft fees, returned item fees, and overdraft protection transfer fees on Citi Retail Banking consumer deposit accounts."

$2500 SAVINGS BONUS - 4/27/2022

Haven't seen this bonus mentioned on this site. $2500 for a million dollar deposit. https://online.citi.com/US/ag/banking/savings-account. Think this link is good.

View all posts from:

2022
2021
2020
Earlier

8/31 - Citi Rate Changes As Of 8-31-2022
6/19 - Citi Drops Overdraft Fees
4/27 - $2500 SAVINGS BONUS

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

Reviews (230)

I Got My $700-Comment Is From 10/12/21

Posted by: Buckeyes | Aug 5, 2019

Had to call a rep, who seemed annoyed, but she did her job and filed a "dispute" on my behalf which worked. The bonus shoukld have been paid in Sep but wasn't.

My question is, can I now bring my 50K back so I can get an actual interest rate without penalty? Or will this threaten the bonus. Anyone know? I really no longer see a use for this account. .1% interest has been getting me $4 a month interest. But i don't want get into a monthly fee situation. So can I just zero out the account?

Thanks.

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.

Accelerate Savings Locks Up Your Bonus

Posted by: mrshicksbb | Feb 9, 2022

I opened an accelerate savings account with Citi recently for the good APY and welcome bonus. When I think of a savings account, I expect to be able to access my money quickly if necessary. I have since found out that is not the case with this Citi account. They limit transfers back out of the account to $10,000 daily / $15,000 max per month. However, it has been several days since my initial $10,000 money transfer and their online functionality is not allowing me to transfer the balance $5,000. Customer service was extremely unhelpful and said there was nothing they could do. Not to mention that to now move back out all the money in the account to my local bank would take months and months if the system was working. My only other option is a wire transfer which has a fee. Not a fan of having to pay a fee to access my own money. Needless to say I will be paying the wire transfer fee to get my money out of this account and taking it elsewhere where I can access it when I need it.

Comment

I Was Naive

Posted by: California33 | Aug 5, 2022

I made an account in hopes of warning someone else. Wish I read reviews and was not naive. Believing that Costco would not do business with crooks, I realize the Costco side is great but the other side (checkings and savings), is a nightmare.

July 16 we opened an account and were to fund it with 25k$ we had in our other bank. We figured if we would have a costco credit card with Citibank (easy to work with, no problems) we would bank all in the same spot. When we tried to fund the account from our savings account, from another bank, it showed that “the check bounced”. Well, we never wrote a check, just gave our electronic routing number and account number. Apparently you cannot fund using a savings account. This froze our account. The way to unfreeze it is to call the fraud department. Wait times are at least an hour. Usually 2 hours. When we got through they notified us the account was frozen. Kept telling us in 24-48 hours it would be unfrozen, it was a misunderstanding. Unfortunately it never was unfrozen even they told us it was. Mind you, at this point we have been calling every day for almost 2 weeks and waiting for about 2 hours every time. Finally we went into a branch. They were the ones that told us we have not funded the account. At this point, we did not want anything more to do with this bank.

Yesterday, the fraud department told us everything is unfrozen and we can now visit our local branch and close the account. Glad the nightmare was over, we visited the local branch only to have them tell us it was never unfrozen. The branch told us they would find out and tell us the next day. Today, I am on hold with the same department before visiting the branch and we are pretty sure that nothing will come of it.

Please, do not do what we did, and read the horror stories they are true. We consider ourselves blessed to have the funds not come through to this crooked bank. All we are trying to do is close the nightmare account. What about all those with money in the bank??

The call to the fraud department gives you people who are outsourced to another country and there is no one above them you can reach. Currently, the wait time says “greater than 30 minutes” after telling us it was “less than 30”.

This is unsustainable and I think they will go under.

Thanks, please dont be naive and save yourself from the nightmare

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Health

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	7213
Year Established	1812
Employees	186465
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.98%
Return on Equity - YTD	10.09%
Annual Interest Income	$23.81B

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$1,720.3B$1,678.5B
Loans	Q2 2022vs Q2 2021	$635.8B$637.3B
Deposits	Q2 2022vs Q2 2021	$1,353.8B$1,328.5B
Equity Capital	Q2 2022vs Q2 2021	$164.3B$164.4B
Loan Loss Allowance	Q2 2022vs Q2 2021	$14.53B$17.27B
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$4.37B$5.39B
Real Estate Owned	Q2 2022vs Q2 2021	$10.0MM$22.0MM

Rates

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Checking
CD

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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
2.00%^†	$1	-	Citi Accelerate Savings

Citi Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.00%^†	$200k	-	Citigold®
0.00%^†	-	-	Citi Priority

Citi CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.75%^†	$1k	-	18 Month CD
2.50%^†	$1k	-	1 Year CD
1.50%^†	$500	-	12 Month No Penalty CD
1.10%^†	$1k	-	6 Month CD
1.10%^†	$1k	-	9 Month CD
1.01%^†	$1k	-	2 Year CD
1.01%^†	$1k	-	3 Year CD
1.01%^†	$1k	-	4 Year CD
1.01%^†	$1k	-	5 Year CD
0.10%^†	$1k	-	30 Month 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	-	3 Month CD
0.05%^†	$1k	-	4 Month CD
0.05%^†	$1k	-	5 Month CD
0.05%^†	$1k	-	7 Month CD
0.05%^†	$1k	-	8 Month CD
0.05%^†	$1k	-	10 Month CD
0.05%^†	$1k	-	11 Month CD