Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

Citi Savings account review

Has a low APY, but other perks may be worth it depending on your account package.’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 may need to maintain a monthly balance to avoid the monthly fee.

All information about this product has been collected independently by Finder.



$4.50 per month



Minimum deposit to open


Annual percentage yield (APY)0.12% on balances of + Only with their Citigold Account Package
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

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 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.

Although Citi is a Finder advertising partner, all information about the products in this review has been collected independently by Finder.

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

Citi savings 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 Citi 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.
  • 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.

Name Product Annual Percentage Yield (APY) Fee Minimum deposit to open
Bread Savings™ High-Yield Savings
Finder Rating: 4.3 / 5: ★★★★★
Bread Savings™ High-Yield Savings
Earn competitive interest rates with this high-yield savings account you can open in just minutes. Member FDIC.
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
$0 per month or $7.99 per month for Aspiration Plus ($5.99 per month if you pay annually)
New customers get a $150 bonus when they open an account and spend $1,000 in the first 60 days.
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC and a $150 bonus when you spend $1,000 in your first 60 days.
Quontic Bank High Yield Savings
Finder Rating: 4.6 / 5: ★★★★★
Quontic Bank High Yield Savings
Interest is compounded daily. No monthly service fees. Competitive rates
Barclays Online Savings
Finder Rating: 4.6 / 5: ★★★★★
Barclays Online Savings
Barclays Online Savings account offers key features that can help you save, including a high-interest rate, no monthly fees, and no minimum deposit.
Quontic Bank Money Market
Finder Rating: 4.6 / 5: ★★★★★
Quontic Bank Money Market
Competitive rates, no monthly fees, user-friendly online banking platform
American Express® High Yield Savings Account
Finder Rating: 4.6 / 5: ★★★★★
American Express® High Yield Savings Account
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.

Compare up to 4 providers

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.

Ask an expert

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

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.
Go to site