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 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).

Business Account: Up To $2,000 For Up To $200K For 60 Days - 8/18/2020

The main take away hear is that this is about the only bank looking for new money. I received this in a mailing: My quick read of the requirements is up to $2,000 for up to $200,000 of new money in a new business checking account for 60 days. Bonus paid 90 to 120 days (depending on timing) after the 60 days. Account must be active until bonus is paid. Unclear of the definition of "active account". Don't think account can be opened online. Only by talking to a "Business Specialist"..

View all posts from:

2020
2019
2018
Earlier

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

12/11 - Earn Up To $600 When Opening A Checking And Savings Acct.
6/6 - Citibank’s New Attempt at a High Yield Online Savings Account
5/14 - Review of the Latest Citibank Checking Bonus Offers - Up to $600
4/17 - Citi Offering A 2% APY 13 Mo CD, $25K Minimum
4/6 - New 1.35% APY 3 Mo Savings Acct Promo
1/25 - Florida Citibank 30 Mo CD Special Is 1.51% APY, $10K Min

Reviews (178)

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

It Takes Act Of God To Get Your Money Back

Posted by: kevina | Mar 26, 2021

I opened an account few months ago. I am trying to buy a property and need my money but they have a limit on transferring money and charge every time you wire. I have many other accounts but have had no experience as such. Their customer service are bunch of bimbos who have no clue of what their web site is all about either. They just send you round and round. They have no branches and no knowledgeable customer care online. I would stay away from them as far as I can once I manage to get my money back. They should not be allowed to do any business in US.

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Health

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	7213
Year Established	1812
Employees	168124
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.57%
Return on Equity - YTD	5.95%
Annual Interest Income	$47.42B

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$1,661.5B$1,454B
Loans	Q4 2020vs Q4 2019	$627B$655.9B
Deposits	Q4 2020vs Q4 2019	$1,282.1B$1,079.8B
Equity Capital	Q4 2020vs Q4 2019	$159.5B$150.1B
Loan Loss Allowance	Q4 2020vs Q4 2019	$22.12B$11.05B
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$6.58B$5.40B
Real Estate Owned	Q4 2020vs Q4 2019	$34.0MM$52.0MM

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