Citibank

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12 Month CD

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1.40% APY

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1.15% APY

Overview / Commentary

online.citi.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.

Just noticed Citibank advertising this new promo on their website. One nice feature is that it doesn’t require direct deposit. Link to promotion page To qualify for a $300 cash bonus, open a new eligible consumer checking account in The Citibank Account Package by 12/31/16. Within 45 days after opening your new checking account you must complete the following: *Complete 1 qualifying Direct Deposit to your new checking account or make 1 or more qualifying purchase transactions with your Citibank Debit Card totaling $250 or more *Make a qualifying deposit of $15,000 or more in new to Citibank funds into the new checking account or a new or existing Citibank Savings Plus Account and maintain a minimum balance of $15,000 for 30 consecutive calendar days following the date you made your qualifying deposit

View all posts from:

2017
2016
2014
Earlier

4/17 - Citibank Offers $500 Checking Bonus

12/29 - Citibank Features $300 Checking Bonus
11/18 - $300 Citibank Checking Account Bonus
11/13 - Citibank: The Bank That Never Sleeps
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

Reviews (34)

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Best Bank ever

Posted by: michaelgood50 | Apr 14, 2017

This is the best bank I've ever worked with hands down. Other banks I've dealt with have been beyond terrible (looking at you Wells Fargo). The customer service is always trying to help me and the bank gives me the tools to make my life easier with their website and mobile app. I couldn't recommend this bank enough. Opening a savings and checking account has never been so easy and painless. Depositing money and withdrawing is also a very easy and fast process.

Comment

1

they work with you

Posted by: feelingold | Jan 2, 2017

I opened my Citibank checking account when I was 20 years old. I chose it because the branch was directly across the street from my law school. They were so friendly and helpful and explained everything to me (and there was lots to explain to my 20 year old self). I am now 41 and still have the same checking account. Over the years, Citi has changed their policies and tried to assess fees just for keeping your money with them. Every time I went into a branch to complain, they reassured me that my account was grandfathered in and no fees would apply. One time, they showed me how to set up bill pay to avoid fees. And now I use PopMoney all the time. It's so easy to send money to people. I like Citi a lot.

Comment

2

My Citibank Experience

Posted by: tamekamcdaniel0 | Mar 24, 2017

Overall, my experience with Citibank has been overwhelmingly positive. I have banked with them since I was 18 years old, which was 12 years ago. As technology has improved, Citibank has been quick to adapt. I was among the first in the United States to receive a secure debit card with a chip in it. Citibank was also one of the first to offer free mobile deposits for checking. Depositing checks on mobile devices is very quick, as it often posts the same day if I complete it in the morning. The wait time to get a hold of someone on the phone is usually very short. My only complaint about Citi is the cost of the checks. I go to a 3rd party vendor to save money on my checking costs. I do enjoy that the branch has hours on Saturday as most banks in my area do not.

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1

Online Banking

Posted by: carltonsingleton | Feb 17, 2017

Citi bank is a decent online banking experience. I opened a basic checking account with them and it took them about 2 weeks to send me my card and checkbook. Money that I transfer from other accounts is wired pretty quickly usually within 2 business days and is available for withdrawal. My account is easy to access and the mobile app is pretty efficient too. The mobile snapshot on the app is useful as well allowing me to see my balance without the hassle of logging in. So far I have used my account for both online and in store purchases with very little problems. I am overall very happy with this bank and will probably look into opening a savings account with them soon.

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1

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Health

A

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	7213
Year Established	1812
Employees	171588
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.97%
Return on Equity - YTD	9.08%
Annual Interest Income	$11.97B

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$1,369.3B$1,342.6B
Loans	Q1 2017vs Q1 2016	$585.4B$575.4B
Deposits	Q1 2017vs Q1 2016	$964.4B$947.4B
Equity Capital	Q1 2017vs Q1 2016	$147.2B$147.5B
Loan Loss Allowance	Q1 2017vs Q1 2016	$10.43B$10.90B
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$6.38B$6.65B
Real Estate Owned	Q1 2017vs Q1 2016	$119.0MM$115.0MM

Rates

Rates for Citibank are currently being reviewed.

Locations

Citibank has 1,051 locations. Click to view all Citibank locations.