Do you want to discover all the features of the Citibank savings account? Responsible Economy analyzes the fees, requirements, yields, and all the conditions that Citibank offers in its savings account. We also provide a comparison with the best savings accounts available in the United States and an explanatory video.
Explicative video
We have created a video that summarizes all the features of the Citibank savings account in a simple manner. If you find our content helpful, consider supporting us with a subscription to receive daily videos.
Features

In this section, you can explore all the features of the Citibank savings account.
Interest rate
The yield is undoubtedly one of the most crucial aspects of any savings account. The interest rate offered by the Citibank savings account is 0.05% APY, which some may find relatively low compared to other options.
Fees
The Citibank savings account has a monthly fee of $10 unless certain requirements are met:
- Make 1 enhanced direct deposit or 1 qualifying bill pay per statement period.
- Maintain a combined average monthly balance of $1,500 in eligible linked accounts.
- $4.50 or waive the fee when you maintain an average monthly balance of $500+.
Minimum deposit
No minimum deposit is required to open the Citibank savings account, making it accessible to all.
ATMs
Withdrawing money without fees is possible at all Citibank ATMs.
Deposit funds
You can deposit funds into the Citibank savings account by making bank transfers or you can also mail a check.
Withdrawls
For making withdrawals, you can initiate bank transfers from the Citibank account to your desired account.
Best savings accounts 2023
We have also conducted a comparison of the Citibank savings account with the best savings accounts available in the United States in 2023. We highlight the main characteristics of each savings account.

- 4.05% APY
- Minimum deposit: $100
- No welcome bonus
- Member FDIC

- 4.30% APY
- Minimum deposit: $0
- Welcome bonus: $100
- Member FDIC

- 4.35% APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC

- 4.50% APY
- Minimum deposit: $0
- Welcome bonus: $250
- Member FDIC

- 4.35% APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC

- 4.30% APY
- Minimum deposit: $0
- Member FDIC
- No welcome bonus

- 4.30 APY
- Minimum deposit: $0
- No welcome bonus
- Member FDIC
Savings accounts calculator
We have developed a deposit calculator so that you can easily see how much money you can earn:
Citibank savings account calculator
Video with the best savings accounts
Additionally, we have created a video featuring the 7 best savings accounts.
Pros and cons
Based on our review of the Citibank savings account and the best savings accounts, we present a table with all the advantages and disadvantages:
Pros | Cons |
---|---|
No minimum balance | Monthly fees |
high number of branches and ATMs | Low interest rates |
Requirements
Opening the savings account is straightforward. You only need to meet the following requirements:
- Be over 18 years old.
- Live in the United States.
- Have an American phone number.
Documentation
Citibank may request the following documentation:
- Certified copy of identity document for each applicant (usually a valid passport or acceptable ID).
- Certified copy or original proof of address for each applicant, such as a bank statement or utility bill.
- Your signed Client Agreement.
Frequent questions
We address common questions you may have:
Conclusions and opinions
After thorough review, we find that Citibank’s savings account may not be the most competitive option due to its low interest rate and possible fees. However, it offers a significant advantage with a high number of branches and ATMs for convenient banking.
More information about Citibank
For further details, you can visit Citibank’s official website and follow them on social media platforms.
Information | Description |
---|---|
Website | https://online.citi.com/ |
https://twitter.com/Citibank/ | |
https://www.facebook.com/citibank | |
YouTube | https://www.youtube.com/citi |
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Updated the day 1 September, 2023 by Alfredo Barandiarán

Alfredo Barandiarán is not only passionate about finance and the economy, but also has more than 10 years of experience helping people find the best possible financial product. He has worked for 5 years at Iahorro and 2 years at Atrapacrédito. He has currently been running the financial comparator Responsible Economy for 3 years. I graduated in business from Complutense University of Madrid and has studied at ESIC and CEF. You can see all the professional experience of Alfredo Barandiarán on his LinkedIn profile