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Citi Interest Checking Accounts review

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Citibank Account Package
2.7
★★★★★
Finder score
Fee
$25 per month
APY
0.05%
Minimum deposit to open
$0

Our verdict

Earn interest on your balance with the convenience of a linked savings account.

Citi®'s interest-bearing checking accounts come with access to rewards, cash bonuses and a linked savings account to make growing your funds convenient. However, it also comes with maintenance fees that can only be avoided with high average monthly balances. If you're just starting to build your savings, these accounts might not be your best option.

Pros

  • Earn Citi ThankYou Rewards points
  • Earn interest on your checking account balance
  • No Citi fee for using non-Citi ATMs when monthly balance requirements are met

Cons

  • Overdraft fees
  • Low interest rate
  • Branch availability

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How do I open a Citi Interest Checking Account?

Go to the provider’s site and follow the steps to apply.
  1. Navigate to Checking and select from Interest Checking and Citi Savings, Interest Checking or Regular Checking to open an account.
  2. Enter your personal information, confirm your identity and complete additional steps for the account.
  3. Enter your banking info, fund your account and submit your application.

Eligibility

To open an account, you must meet eligibility requirements that include:

  • At least 18 years old
  • US citizen or resident alien
  • Valid US residential address
  • Valid Social Security number

Required information

You must provide personal and financial information that includes:

  • Name
  • Date of birth
  • Proof of residential address
  • Address
  • Social Security number
  • Employment information

Signup bonuses for Citi Interest Checking Account

Eligible checking accounts come with three tiers of signup bonuses, each with several required activities.

$300, $700 or $1,500 bonus — and required activities

  • Open Basic Banking Regular Checking or a checking account in the Citi Account, Citigold Account or Citi Priority Packages by Sunday, July 17, 2022.
  • Enroll in the New to Citi Checking Account Bonus Offer on the same day that you open your account.
  • Deposit at least $15,000 in new funds within 20 days, qualifying for the $300 bonus. To get a higher reward, deposit at least $50,000 to receive the $700 bonus or $200,000 for the $1,500 bonus.
  • Maintain the minimum balance required for another 60 consecutive calendar days — at least $15,000 for the $300 bonus, $50,000 for the $700 bonus or $200,000 for the $1,500 bonus.
  • Citi credits your bonus to your account within 90 calendar days after you qualify.

Choose an account package with Interest Checking

Only the Citi, Citigold and Citi Priority Account Packages offer Interest Checking.

The monthly fee, interest rate and perks of your Citi Interest Checking account vary depending on the package you select.

  • Citibank Account Package. A checking account with the ability to earn rewards and waive Citi‘s out-of-network ATM fee if you maintain a balance of $10,000 or more.
  • Citi Priority Account Package. Priority banking with investment resources, rewards points, preferred pricing and more.
  • Citigold Account Package. Full-service checking account with financial planning, dedicated customer representatives, preferred rates and a concierge service to help you book travel, tickets or dining.

6 benefits of Citi Interest Checking

Citi Interest Checking accounts offer a handful of perks that make it stand out from the rest.

  • Cash bonus. Earn a cash bonus of up to $1,500 when you meet required activities.
  • Earn interest. Earn APY on your account balance.
  • Convenience. Bundle the account with savings to keep more of your banking needs with Citi.
  • Security. Deposits of up to $250,000 are covered by the FDIC.
  • Accessibility. Accounts come with access to more than 70,000 free ATMs across the country, over 600 branch locations and a free app for banking on the go.
  • Rewards. Earn rewards that you can apply toward shopping, travel and more. And join the Citi Entertainment program to get exclusive access to concerts and other events.

Citi ATM network and fees

Your Citi debit card unlocks access to more than 70,000 fee-free ATMs and 600 branch locations nationwide. If you can’t make it to a Citi, Allpoint or MoneyPass ATM, you can still avoid paying extra.

Citi has a strong international presence, which means you aren’t charged transaction fees if you use a qualifying ATM outside the US.

With the Citibank Account Package, you can avoid foreign ATM fees of $2.50 plus 3% of transaction value per withdrawal — plus fees from the ATM owner.

Other ways to avoid non-Citi and foreign fees:

  • Non-Citi ATM fees. Select the Citibank Account Package and maintain the $10,000 minimum balance or the Citi Priority Package with any balance for no fees. ATM owner fees may apply.
  • Refunds of non-Citi ATM fees. The Citigold Account Package offers unlimited refunds non-Citi ATM fees.

4 things to look out for

  1. Monthly service charge. You could pay a service fee of up to $30, though each account offers ways to avoid the fee.
    • Citibank Account Package. Maintain an average monthly balance of $10,000 in eligible linked accounts.
    • Citi Priority Account Package. Maintain an average monthly balance of $50,000 in eligible linked accounts.
    • Citigold Account Package. Maintain an average monthly balance of $200,000 in eligible linked accounts.
  2. Overdraft fees. Pay $34 for each overdraft with a maximum of four charges a day. Citi charges $10 when it transfers money from a linked accounts to cover an overdraft transaction.
  3. Branch availability. Citi supports branches in California, Connecticut, Florida, Illinois, Maryland, New Jersey, Nevada, New York, South Dakota, Texas, Virginia and Washington DC.
  4. Low APY. Interest rates are lower than checking accounts at other institutions.
  5. Compare checking accounts

    Compare interest, opening deposits, ATM network and rewards across top checking accounts. Select Go to site to apply.

    1 - 20 of 24
    Name Product Fee Minimum deposit to open Annual Percentage Yield (APY) Offer
    SoFi Checking and Savings
    Finder Score: 4.5 / 5: ★★★★★
    Bonus
    SoFi Checking and Savings
    $0 per month
    $0
    4.60% on balances of $0+
    0.50% on balances of $0+
    1.20% on balances of $0+
    Get up to $300 cash bonus with qualifying direct deposit. Terms apply. This offer is available until June 30, 2024.
    Earn up to 4.60% APY on savings by meeting deposit requirements, and 0.50% APY on checking balances. Members without deposit requirements will earn 0.50% APY on both savings and checking balances. Turn on automatic savings or use the Roundups feature to help you reach your savings goals faster. Get up to $2M of additional FDIC insurance through a network of participating banks.
    Upgrade Rewards Checking Plus
    Finder Score: 4.3 / 5: ★★★★★
    Upgrade Rewards Checking Plus
    $0 per month
    $0
    N/A
    Earn up to 2% cashback rewards on everyday purchases. Pay $0 fees for overdraft, domestic wire transfer and monthly maintenance. Member FDIC.
    Cash Card by Cash App
    Finder Score: 4.4 / 5: ★★★★★
    Cash Card by Cash App
    $0 per month
    $0
    N/A
    The Cash App Cash Card lets you pay for goods and services both online and in stores using your Cash App balance. Enjoy features like ATM access, direct deposit, instant discounts at select stores and a customizable card.
    Axos Bank Rewards Checking
    Finder Score: 4.2 / 5: ★★★★★
    Bonus
    Axos Bank Rewards Checking
    $0 per month
    $0
    3.30% on balances of $0 to $50,000
    Use promo code AXOS300 and apply by June 30th, 2024, to earn up to $300 bonus, $50 each month you meet requirements: Make direct deposits of $5,000+ each month for the first 7 months and maintain an average balance of $7,000.
    Earn up to 3.3% APY after meeting rate requirements. Get ATM free reimbursements at all domestic ATMs. Pay $0 monthly or overdraft fees. FDIC insured.
    Chime® Checking Account
    Finder Score: 4.8 / 5: ★★★★★
    Chime® Checking Account
    $0 per month
    $0
    N/A
    Save easily and access your paycheck up to 2 days early with direct deposit. Pay $0 monthly fees, and no minimum balance is required. Access 24/7 support and get daily balance and transaction alerts. FDIC insured.
    Current
    Finder Score: 4.6 / 5: ★★★★★
    Bonus
    Current
    $0 per month
    $0
    4.00% on balances of $0.01 to $2,000
    Get a $50 referral bonus by inviting your friends to join Current. Once the person receives the invite link and makes qualifying deposits of at least $200 within 45 days of opening the account, you and the referred friend each earn $50
    Earn 4% bonus on the first $2,000 in each savings pods. Also get budgeting tools, early direct deposit and up to 15x cashback points. All with no monthly fee or opening deposit requirement. Member FDIC.
    One
    Finder Score: 4.7 / 5: ★★★★★
    One
    $0 per month
    $0
    5.00% on balances of $0 to $250,000
    1.00% on balances of $250,000.01+
    A $0 monthly fee banking account that earns 5.00% APY on Savings and debit card rewards, including 3% cash back at Walmart up to $50 annually, both with eligible deposits. Plus, early pay with direct deposit. See details below.
    Dave
    Finder Score: 4.3 / 5: ★★★★★
    Dave
    From $1 per month
    $0
    4.00%
    This digital-only deposit account features overdraft protection, interest-free cash advances and no minimum balance.
    Step Visa Card
    Finder Score: 4.7 / 5: ★★★★★
    Step Visa Card
    $0 per month
    $0
    5.00% on balances of $0 to $250,000
    A secured card with credit-building perks and up to 5% savings reward with direct deposit
    Discover® Cashback Debit
    Finder Score: 4.8 / 5: ★★★★★
    Discover® Cashback Debit
    $0 per month
    $0
    N/A
    The Discover® Cashback Debit account earns 1% cash back on up to $3,000 in debit card purchases each month.
    Key Smart Checking
    Finder Score: 4.2 / 5: ★★★★★
    Key Smart Checking
    $0 per month
    $10
    N/A
    Earn a $200 cash bonus when you open a Key Smart Checking account by 7/19/24, make the $10 minimum deposit, and one direct deposit of at least $500 within 60 days.
    Open this free checking account in about five minutes. Use EasyUp to effortlessly round up your debit card purchases to make saving a breeze, and conveniently bank from the KeyBank mobile app or find a KeyBank branch near you.
    HSBC Premier Checking
    Finder Score: 3.5 / 5: ★★★★★
    HSBC Premier Checking
    $50 per month
    (can be waived)
    $0
    0.01% on balances of $5+
    Get a checking account designed for travelers with $0 foreign transaction, global transfer or wire transfer fees. Access a large worldwide network of no-fee HSBC ATMs.
    OnPath FCU High Yield Rewards Checking
    Finder Score: 4.1 / 5: ★★★★★
    OnPath FCU High Yield Rewards Checking
    $0 per month
    $25
    7.00% on balances of $0 to $10,000
    0.50% on balances of $10,000.01+
    Earn up to 7% APY on balances up to $10,000, plus access 30,000 free ATMs and up to $10 in out-of-network ATM fees refunded.
    NBKC Everything Account
    Finder Score: 4.6 / 5: ★★★★★
    NBKC Everything Account
    $0 per month
    $0
    1.50% on balances of $0.01+
    Earn 1.5% APY and set up savings goals. Plus, access to 37,000+ no-fee ATMs and get reimbursed up to $12/month in fees for out-of-network ATMs. FDIC insured.
    Quontic Bank High Interest Checking
    Finder Score: 4.3 / 5: ★★★★★
    Quontic Bank High Interest Checking
    $0 per month
    $100
    1.10% on balances of $0+
    0.01% on balances of $0+
    Earn 1.1% APY with qualifying transactions, and pay $0 in monthly or overdraft fees. Access your account with a nationwide network of 90,000+ no-fee ATMs. FDIC insured.
    Key Select Checking
    Finder Score: 4.3 / 5: ★★★★★
    Bonus
    Key Select Checking
    $25 per month
    (can be waived)
    $50
    0.05%
    Earn a $200 cash bonus when you open a Key Select Checking account by 7/19/24, make the $50 minimum deposit, and one direct deposit of at least $500 within 60 days.
    This interest-bearing checking account makes your money work for you. Interest rates vary based on location. Use EasyUp to effortlessly round up your debit card purchases to make saving a breeze, and conveniently bank from the KeyBank mobile app or find a KeyBank branch near you.
    Chase Total Checking®
    Finder Score: 3 / 5: ★★★★★
    Bonus
    Chase Total Checking®
    $12 per month
    (can be waived)
    $0
    N/A
    New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.
    Chase Total Checking® is easy to use and gives you access to more than 15,000 Chase ATMs and more than 4,700 branches. It offers a $300 signup bonus to new Chase customers. Member FDIC.
    Axos Bank Essential Checking
    Finder Score: 5 / 5: ★★★★★
    Axos Bank Essential Checking
    $0 per month
    $0
    N/A
    Pay $0 monthly and overdraft fees, and get reimbursed for domestic ATM fees. No opening deposit or minimum balance requirement. Get your paycheck up to 2 days early with direct deposit. FDIC insured.
    Consumers Credit Union Rewards Checking
    Finder Score: 4 / 5: ★★★★★
    Consumers Credit Union Rewards Checking
    $0 per month
    $5
    5.00% on balances of $0 to $10,000
    4.00% on balances of $0 to $10,000
    3.00% on balances of $0 to $10,000
    Earn up to 5% APY on balances up to $10,000 when you complete qualifying activities. Option to get ATM free reimbursements nationwide, plus $0 monthly maintenance fees and early direct deposit. NCUA insured.
    Walmart MoneyCard
    Finder Score: 4.2 / 5: ★★★★★
    Walmart MoneyCard
    $5.94 per month
    (can be waived)
    $0
    2.00%
    Earn up to $75 in cashback on Walmart purchases, get your pay up to 2 days early with early direct deposit plus overdraft protection up to $200. FDIC insured.
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    What other checking options does Citi offer?

  • Basic Banking Package Regular Checking. This simple checking account offers unlimited check writing and fee-free access to Citi‘s ATM network. It also requires a lower minimum account balance than other account packages to avoid the monthly fee.
  • Access Account Package Checkless Regular Checking. This account provides access to Citi‘s products and services with no paper checks.

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our banking experts analyze top checking accounts and factors that include monthly fees, the ability to waive fees, ATM networks, overdraft fees, customer service and more.

Learn more about how we prioritize and weight factors in our full methodology for rating checking accounts.

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Peter Finder

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