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.
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.
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.
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.
I opened a MIles Ahead Savings account, and as many others have posted, saw the interest rate drop almost instantly. That can happen, I understand that. My main gripe is that Citi makes it difficult for you to transfer your money out, and close your account. I merely wanted to transfer my balance from this account to my already verified/set up external bank account, and since I did need the money quickly, had to do it by wire transfer for a $25 cost (fortunately my receiving bank does not charge for incoming wire transfers). I feel a bit silly having to "pay" to get my own money but what's done is done. I also find the customer service help to be borderline useless, the woman quoted me a $15 wire transfer fee but in reality it was $25. Beware if you are considering them for your banking needs.
Overall | |
---|---|
FDIC Certificate # | 7213 |
Year Established | 1812 |
Employees | 166873 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.46% |
Return on Equity - YTD | 4.75% |
Annual Interest Income | $36.70B |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2020vs Q3 2019 | $1,648.7B$1,472.9B |
Loans | Q3 2020vs Q3 2019 | $616.5B$649B |
Deposits | Q3 2020vs Q3 2019 | $1,272.9B$1,102B |
Equity Capital | Q3 2020vs Q3 2019 | $154.5B$149.6B |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $23.31B$10.84B |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $6.09B$5.03B |
Real Estate Owned | Q3 2020vs Q3 2019 | $32.0MM$61.0MM |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.50% | - | - | Citi Accelerate Savings | |
0.50% | - | - | Citigold® |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.25%* | $25k* | - | Interest Checking - Citi Elevate | ||
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $25k | |||||
0.03% | $200k | - | Interest Checking - Citigold® | ||
0.03% | $50k | - | Citi Priority |