About Citibank
Citi was founded in 1812 as the City Bank of New York. In 1976, the bank was renamed Citibank, N.A. It operates more than 2,700 branches worldwide in more than 19 countries, with more than 700 branches in the U.S., mostly located in the large metropolitan areas of Los Angeles, New York, Chicago, Miami, Washington, D.C., and New York. There are more than 65,000 Citi and network ATMs throughout the country. It is the 4th largest bank in the country by assets.
Citibank Overview
Citibank is one of the world’s largest global consumer banks. The bank offers a full range of banking services for individuals and businesses alike. Although its branch count is not as high as other large banks in the country, it boasts more than 65,000 ATMs that are Citi-branded or within its network, which attests to the convenience and ease of access the bank provides. On the downside, it does not offer very competitive yields on savings or checking accounts, but it does offer competitive yields on some of its CD products.
| More than 65,000 ATMs within its branches and network. | Very low rates offered on most savings and checking accounts. |
| Competitive yields on some of its CD accounts. | Monthly service charges assessed if account minimum aren't met with many types of savings and checking accounts. |
| 24/7 customer service availability. | Only 700 branches within the US and only in some of the major metropolitan areas in the U.S. |
| Wide variety of banking accounts such as savings, checking and CDs. | |
| It offers a promotional 5.00% APY on its savings account with a minimum balance of $25,000 |
Citibank Product Offerings
Savings Accounts
A savings account is a deposit account at a bank or credit union that insures your principal up to the FDIC or NCUA limitations and generally pays a modest interest rate. Citibank customers have limited options available. Here is the most current Citi savings account information for June 2025:
Checking Accounts
Citibank currently offers several personal and business checking accounts that offer features such as ATM rebates, little to no opening balance requirements, monthly service charges, and peer-to-peer services provided by Zelle.
Certificates of Deposit (CDs)
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period of time, known as a term. Citibank offers a wide-range of CDs with terms ranging from 4-months to 5-years. Citibank offers competitive yields on some of their CDs that offer CDs with an APY higher than the national average of 2.60%. Here are some of their top CD accounts for June 2025:
Bank Fees
Non-sufficient funds fee: None because the bank will not approve charges that cause the account to be overdrawn.
Paper Statement fees: None.
Monthly service charge: $5 for Access Checking and $15 for Regular Checking if minimum balances are not maintained.
Overdraft fee: None because the bank will not approve charges that cause the account to be overdrawn.
Account closure fee: None.
Wire transfer fee: Incoming: International - $25 incoming and outgoing; Domestic - $17.50 incoming and outgoing.
Non-network ATM fee: $2.50
Citibank Features
Citibank offers different relationship tiers which across all of its different accounts which can qualify an account to not be assessed non-Citi ATM fees, wire fees and grants higher yields. Citibank also offers a rewards program known as ThankYou Rewards that grant the cardholder cash back and different perks. Lastly, the bank also has an excellent mobile app that allows users to manage their accounts directly from their smart phones.
Citibank FAQs
Our Take
Citibank is a good overall bank that offers a full range of banking account types. Although it has a limited number of physical branches compared to some of its bigger competitors, it has a network of more than 65,000 ATMs, making accessing your money relatively easy and convenient. However, the bank does not offer competitive yields on most of its savings and checking accounts unless the balances are $25,000 or more. It does, however, offer competitive yields on its CD accounts, making it a good option for people who are saving or need to set money aside for medium- to long-term goals.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.