In this guide

  • Our verdict
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Citi Savings account review

  • Avatar
Citi Savings
Finder score
$4.50 per month
(can be waived)
Minimum deposit to open

Our verdict

Has a low APY, but other perks may be worth it depending on your account package.

The Citi Savings account rewards you with different perks depending on which account package you qualify for. Those perks can range from free withdrawals at non-network ATMs and free checks to an interest-bearing checking account and enrollment in Citi's ThankYou Rewards program.

But the deposit requirements for some of these tiers may be too high a barrier to entry for those just starting to work on their savings. Plus, the interest rates are among the lowest in the industry.

If you're a loyal Citi customer, keeping all your accounts in-house and going with this savings account may make sense. But if high APYs and low fees are what you're after, you'll earn much more with a regular high-yield savings account.


  • No initial deposit requirement.
  • Auto save
  • No minimum to earn interest
  • Rewards


  • Monthly service fee
  • Low interest rate
  • Requires a banking package
  • Not available in every state

In this guide

  • Our verdict
  • Your reviews
  • Ask a question

How do I open a Citi Savings account?

You can open a Citi Savings account online, by phone or at a branch, and it only takes about 10 minutes:


  1. Go to the provider’s site and follow the steps to apply.
  2. Select Banking on the Citi website.
  3. Scroll down and select Savings.
  4. Scroll down to Citi Savings and select See Details.
  5. Scroll down to the package section and select Apply Now under the option that best suits your needs.
  6. Enter your personal information, agree to the terms, add your signature, then select Next.
  7. Provide your employment information, then select Next.
  8. Add your banking info, fund your account, then Submit your application.

By phone
If you’d prefer to speak with a representative, you can open an account by phone at 800-745-1534.

At a branch
Make an appointment or visit a branch to open an account in person.


In order to open this account, you’ll need to meet a few eligibility requirements:

  • 18 years old or older
  • Reside in an eligible state
  • US citizen or resident alien
  • US residential address
  • Social Security number

Required information

Whether you apply online, by phone or at a branch, you’ll require the following information:

  • Name
  • Date of birth
  • Address
  • Social Security number
  • Employment information

Choose a package to go with your Savings account

When you open an account, you’ll choose from one of five Citi banking packages with varying monthly fees, waiver conditions, linked accounts and perks by state. All packages must have a linked Citi checking account to maintain balances and avoid the monthly fee.

PackageMonthly feeHow to avoid feeAPYFeatures
Basic Banking Package$12
  • At least 1 electronic direct deposit or 1 qualifying bill pay; or
  • Keep at least a combined balance of $1,500 across linked accounts every month
4.45%Unlimited check-writing privileges
Citibank Account Package$25
  • At least 1 electronic direct deposit or 1 qualifying bill pay; or
  • No out-of-network ATM fee
  • Relationship pricing on some deposit products and services
Citi Priority Account Package$30
  • Keep at least $30,000 total across eligible linked accounts every month
  • Guidance from a Citi Wealth Financial Adviser
  • Investment resources
  • Preferred pricing and rates
Citigold Account Package$0, but to open you must keep at least $200,000 total across eligible linked accounts every month
  • At least 1 electronic direct deposit or 1 qualifying bill pay; or
  • Dedicated team, including a Citi Gold Relationship Manager
  • Guidance from a Citi Wealth Financial
  • Investment resources and market insight
  • Preferred pricing and rates

What are the benefits of the Citi Savings account?

This savings account is protected up to $250,000 and gives you access to more than 2,400 ATMs along with these other benefits:

  • No initial deposit requirement. Open a new account with as little as you want.
  • Auto save. Set up a plan to automatically transfers money from your checking account into your savings.
  • No minimum to earn interest. Although you must maintain a minimum $500 balance to waive the monthly fee, Citi’s savings account has no minimum balance to earn interest.
  • Rewards. Earn Citi ThankYou Rewards points when you link a qualifying account.

Citi ThankYou Rewards: How it works

When you opt into Citi ThankYou Rewards, you’ll earn points for using Auto Save, linking your Citi loans to your checking account, using direct deposit and more. Then, you can redeem those points for cash, loan and mortgage payments, discounts at retailers, gift cards, travel rewards and other perks. But you must have a Citi Account, Citi Priority or Citigold package to qualify.

What should I look out for?

While the Citi Savings account is limited to six outgoing transactions a month like most savings accounts, plus it has these drawbacks:

  • Monthly service fee. You’ll be charged a $10 monthly service fee when you link a checking account to this savings account. To waive the fee, you must have a monthly qualifying direct deposit, a monthly qualifying bill pay or maintain an average monthly balance of at least $1,500 between all of your Citi accounts. If you don’t like a Citi checking account, you’ll pay $4.50 a month unless you maintain an average monthly balance of $500.
  • Low interest rate. This account pays a paltry 0.05% on your entire balance. Meanwhile, competing banks have APYs of 0.5% or more.
  • Requires a banking package. This savings account requires a Citi banking package, which means you’re also signing up for a checking account with its own set of perks, fees and conditions.
  • Not available in every state. While you can open this account in 41 states, it’s unavailable in:
  • California
  • Connecticut
  • Florida
  • Illinois
  • Maryland
  • New Jersey
  • Nevada
  • New York
  • Virginia

You can use our guide to savings accounts to find even more options that might better fit your financial situation.

Compare with other savings accounts

Enter your deposit amount to see how much you could earn with Citi versus other savings accounts. You can also sort the table by APYs, minimum deposit to open and more.

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"savings_calculator_table","nicheCode":"USFSA","fields":[{"name":"PERIOD","value":"1","options":"","label":"Years to save","suffix":"","useSuffixAsPrefix":false,"useDropDownOption":false,"tooltip":""},{"name":"INITIAL_DEPOSIT","value":"1000","options":"","label":"Initial deposit","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":"Select Calculate to see your estimated total balance based on the current APY for each product below"}]}
1 - 6 of 29
Name Product Account type Annual Percentage Yield (APY) FDIC or NCUA insured amount Minimum balance to earn interest Minimum deposit to open Offer Estimated total balance
SoFi Checking and Savings
Finder Score: 4.6 / 5: ★★★★★
SoFi Checking and Savings
Traditional savings,Checking




Up to $250,000
Get up to $300 cash bonus with qualifying direct deposit. Terms apply. This offer is available until December 31, 2024.
Barclays Online Savings
Finder Score: 4.3 / 5: ★★★★★
Barclays Online Savings
Traditional savings


Up to $250,000
Step Black Card
Finder Score: 4.3 / 5: ★★★★★
Step Black Card
Savings app


Up to $1 million
Bask Bank Interest Savings Account
Finder Score: 4.6 / 5: ★★★★★
Bask Bank Interest Savings Account
Traditional savings


Up to $250,000
Cash App Savings
Finder Score: 4.4 / 5: ★★★★★
Cash App Savings
Savings app



Up to $250,000
NexBank High-Yield Savings Account
Finder Score: 4.7 / 5: ★★★★★
NexBank High-Yield Savings Account
Traditional savings


Up to $250,000
Earn up to $2,000 in referral bonuses when you refer a friend who makes a qualifying deposit. See site for details.

How do I deposit or withdraw money?

Since the Citi Savings account comes with a checking account, there are a number of ways to access your money:


  • ATM or branch
  • Direct deposit
  • Online or wire transfer
  • Mail
  • Mobile deposit


  • ATM or branch
  • Check
  • Online or wire transfer
  • Bill pay

How can I get in touch with customer service?

  • By phone: 800-374-9700
  • Live chat: Log in to your account to chat
  • On Twitter: @AskCiti
  • By mail: Send a letter to Citi Inquiries
    PO Box 6500
    Sioux Falls, SD 5711

Savings account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

Read the full methodology of how we rate savings accounts.

Your reviews

Not enough reviews Write a review

Ask a question

Ask a question

Peter Finder


Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site