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Citi now offers an online savings account with a competitive APY. You’ll get the security of signing on with a Big Four bank and practical tools to help manage your money, but there’s a monthly service fee if your balance dips below $500.
2.21%
APY
$4.50 per month
Fee
$0
Minimum deposit to open
When you open an account, you’ll need to choose from one of five Citi banking packages with varying monthly fees, waiver conditions, linked accounts and perks by state:
You have the ability to somewhat customize your benefits depending on the banking package you choose. This FDIC-insured, high-yield savings account offers a suite of benefits:
Watch out for potential drawbacks that can get in the way of leveraging your savings:
After speaking with a Citi representative, we were informed that this account is only available in states that don’t have a large presence of Citi branches. Some Reddit users mention issues opening this account due to their proximity to a branch, but Citi did not mention anything about distances when we reached out for more details.
You must meet general requirements to apply:
Gather personal and financial details that include:
Access depends on whether you’re depositing or withdrawing from your account.
Get help with your account in three ways:
Citi Inquiries
PO Box 6500
Sioux Falls, SD 5711
The Citibank Accelerate Savings account offers a competitive APY at one of the Big Four banks. Depending on the Citi package you choose at signup, you can earn rewards and get investment help to grow your nest egg.
If you’re not interested in committing your banking needs to one brand, compare other savings accounts for the best rate and terms you’re eligible for.
