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Citi Savings account review

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A standard savings account with a linked checking account.’s rating: 2.9 / 5.0


The Citi Savings account is available through five different banking packages that determine your interest rate, benefits and more. But you’ll need to maintain a $500 monthly balance to avoid the monthly fee.

Up to 0.06%


$4.50 per month



Minimum deposit to open


APY0.06% on balances of $25,000+
0.04% on balances of $0 to $24,999.99
Fee$4.50 per month
To waive the feeMaintain an average monthly balance of $500 (for Basic or Access Account packages)
Minimum deposit to open$0
Minimum balance to earn interest$0
Interest compoundingDaily
Monthly transaction limit6
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More Info

Expert review

Peter Carleton

Review by

Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.

Expert review

The Citi Savings account is a standard savings account with low fees and easy access whenever you need it. Plus, Citi offers a checking account that allows you to do all of your banking in one place.

However, the interest rates are not as strong as you might find with other providers. Plus, the deposit requirement may be too high a barrier to entry for those just starting to work on their savings.

Citibank account packages

When you apply for this account, you’ll choose a banking package that may come with a linked checking account. Requirements, interest rates and other features will vary depending on which option you choose:

  • Access Account. A no-frills, standalone savings account with low fees that can be avoided if you open a linked checking account and complete the qualifying activities.
  • Basic Banking. A basic savings account that can be linked to a checking account with unlimited check-writing to waive the monthly service fees.
  • The Citibank Account. A standalone savings account with a higher monthly fee but the potential to earn higher interest rates and avoid fees when using non-citi ATMs.
  • Citi Priority. Get both a savings and checking account, along with investment resources, guidance from a Personal Wealth Management Advisor over the phone and more.
  • Citigold. A package that includes a savings account, a checking account, a dedicated team to assist your banking needs, wealth management services and more.

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.
  • Earn interest. This account pays 0.04% to 0.06% APY on your balance for Basic or Access Account packages.
  • Auto save. Set up a plan to automatically transfers money from your checking account into your savings.
  • Rewards. Earn Citi ThankYou Rewards points when you link a qualifying account.

What should I look out for?

While the Citi Savings account offers plenty of advantages, there are still a few things to look out for:

  • Monthly service fee. You’ll be charged a $4.50 monthly service fee unless you maintain an average monthly balance of $500.
  • Withdrawal limits. All savings accounts are limited to six withdrawals per month, so Citi may refuse to complete any additional transactions. However Regulation D is currently suspended, so contact Citi to see if you can go over this limit without penalty.
  • Low interest rate. The 0.04% to 0.06% interest rate is lower than what’s available from many of Citi’s competitors.

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

Name Product Interest rates (APY) Fee Minimum deposit to open Interest earned More info
Citibank® Account Package

0.13% on $500,000+
0.08% on $25,000 to $99,999.99
0.04% on $0 to $24,999.99
$25 per month
(can be waived)
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View details
Earn a $400 bonus after opening new eligible checking and savings accounts and completing required activities.
American Express® Personal Savings High Yield Savings
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View details
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
CIT Bank Money Market
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View details
A savings account with a higher-than-average rate and minimal fees.
Chase Savings
$5 per month
(can be waived)
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View details
A simple savings account with low, waivable monthly fees and a $150 signup bonus when you meet deposit and balance requirements.
Aspiration Spend & Save Account

1.00% on $0 to $10,000 but you’ll need to be enrolled in Aspiration Plus and make at least $1,000 in debit card purchases a month
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View details
A spend and save combo account with no monthly service fees, free access to every ATM in the world, unlimited cash back rewards and deposits insured by the FDIC. The Aspiration Spend & Save Account is a cash management account offering of Aspiration Financial, LLC, an SEC-registered broker-dealer. Aspiration is not a chartered bank.
CIT Bank Savings Builder High Yield Savings Account

0.55% on $25,000+ or set up a direct deposit of $100+ each month
0.31% on $0 to $24,999
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View details
No account opening or maintenance fees. Daily compounding interest. Earn one of the nation's top rates

Compare up to 4 providers

How do I apply?

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


  1. Visit the Citi website and click Banking.
  2. Scroll down and click Savings.
  3. Scroll down to Citi Savings and click See Details.
  4. Scroll down to the package section and click Apply Now under the option that best suits your needs..
  5. Enter your personal information, agree to the terms, enter your signature, then click Next.
  6. Enter your employment information, then click Next.
  7. Enter 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
  • 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

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: @Citibank

Frequently asked questions

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.

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