Its also a global bank, with thousands of overseas branches to complement the 700+ in the United States.
That gives Citi a definite edge over online banks that have no local presence at all.
At the end of the day, Citi is a solid bank that gets a lot right.
But is a Citibank account right foryou?
Read on to find out.
There are also several premium tiers available.
Citi Basic Banking
More About Citi Basic Checking Accounts
Citibank offers multiple checking account options.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
There are three Everyday Banking packages and three Premium Banking packages available.
However, theres nearly always a simple way to waive that fee.
That said, wed still prefer no fees at all whichmany of Citis competitors offer.
Its also worth noting that the Access Account package doesnt have an option for paper checks.
If you better write checks, youll have to go with a different Citibank account.
Speaking of all the account options normally, were not a fan of too many choices.
In this case, wed actually say the variety works in Citis favor.
These include CDs, IRAs, and a variety of small business offerings.
Citibank offers an array of CD accounts to meet your longer-term savings goals.
There are three choices: a Fixed Rate CD, a Step-Up CD, and a No Penalty CD.
The Step-Up CD is a slightly different option to most CDs.
As a tradeoff, the interest rate on the No Penalty CD is fixed at 3.40% APY.
Other Citibank Features
Citibanks size also helps make available a full-slate of banking features.
Here are two that you would expect to have at a large bank.
And when it comes to mobile banking, any bank really.
Interest rates and cash back amounts are pretty standard for bank-issued credit cards.
These cards make good options for people that want to keep all their accounts under one roof.
Personal loans are limited to a max of $30,000 and offer repayment terms of one to five years.
Theres nothing inherently special about them compared to offerings from other banks, though.
Options include an Insured Money Market account, Variable CD, and Day-to-Day Savings accounts.
Mobile Banking
The Citibank mobile app is extremely well-rated.
While theres not necessarily anything groundbreaking about the app, its easy to use and well-designed.
That means it excels at exactly what youd want your banking app to do.
Combined with physical branches, this makes Citibank a very convenient option for personal banking.
Frequently Asked Questions (FAQs) About Citibank
Have questions about Citibank?
Every Citibank account, including checking, savings, and CD accounts, are FDIC insured.
What that means is that each account is automatically insured for up to $250,000 per depositor.
Citibank is a reputable bank with a number of positives going for it.
Plus, the Citi savings account interest rates are excellent.
Citibank credit card options include cash back rewards cards to balance transfer and low-interest options.
When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
