Should You Open a Savings Account or CD?
Read about the differences in savings accounts and CDs and how to set aside money for your future needs.
Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean Ăşnicamente en inglĂ©s. Estas comunicaciones podrĂan incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, asĂ como cambios en tĂ©rminos o cargos o cualquier tipo de servicio para su cuenta. Además, es posible que algunas secciones de este website permanezcan en inglĂ©s.
Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account. Additionally, some sections of this site may remain in English.
Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean Ăşnicamente en inglĂ©s. Estas comunicaciones podrĂan incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, asĂ como cambios en tĂ©rminos o cargos o cualquier tipo de servicio para su cuenta. Además, es posible que algunas secciones de este website permanezcan en inglĂ©s.
Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account. Additionally, some sections of this site may remain in English.
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Open a Citi® Certificate of Deposit to earn a guaranteed interest
rate on the money you save during the CD term.
Already a customer? To apply with a pre-filled application,
If your account hasn’t been converted to simplified banking, see product & pricing informationfor account packages.
Other Citi Eligible Deposit and Investment accounts count toward the balance requirement for Relationship Tiers.1
Immediate family members who live with you can combine balances to access Relationship Tier benefits sooner.1
No matter where you start, you’ll automatically move up and enjoy more benefits once your balance grows to the next Relationship Tier.1
The following benefits will vary, depending on which types of accounts you have.
To remain in your Relationship Tier, you need to make sure your Combined Average Monthly Balance doesn’t drop below your Relationship Tier’s minimum Balance Range for 3 consecutive calendar months.1
What can I expect from my CD?
Set your money aside in a CD and watch your funds grow with a guaranteed interest rate for the term of the CD.
Your CD is FDIC-insured up to FDIC limits.2
Save for now or the future with CD terms from 3 months to 5 years.
We have answers to your Certificate of Deposit questions.
A Certificate of Deposit, or CD account, is a time deposit account that allows you to save and earn a fixed interest rate by locking your money away for a specific length of time called the CD term. You get to choose how long you want to lock your money away, and Citi offers terms ranging from 3 months to 5 years.
In addition to the standard Fixed Rate CDs that apply a penalty for early withdrawal, Citi also offers No Penalty CDs. These CDs don’t have early withdrawal penalties beginning seven days after the No Penalty CD is funded. These CDs also pay guaranteed rates but offer more flexibility and access to your money by allowing you to withdraw your full balance without penalty, beginning seven days after the No Penalty CD is funded. Citi also offers Step Up CDs with a fixed interest rate that automatically increases every 10 months for the CD term. An early withdrawal penalty will apply for Step Up CDs. Therefore, it’s important to check which type of CD you have and the specific terms and conditions for that CD type.
A CD and savings account are similar since you can earn interest on the money you save through both. With a CD, the interest rate will not change after you open the CD account until the term of the CD has ended. CDs, like savings and money market accounts, are insured up to FDIC limits.2 Thus, the main difference between a CD and a savings or money market account is that with a savings or money market account you can access your money at any time without penalty, but the interest rate can change. However, with a CD, you can’t easily access your money during the CD term, and the interest rate won’t change during the CD term. If you need to access your money before the CD term ends, you will be required to pay a penalty for early withdrawal. CDs may also offer higher interest rates in comparison to a savings account.
To apply for a CD account online, you must be a U.S. citizen or a U.S. resident alien and at least 18 years old. You will need to provide:
1. Your date of birth and applicable identification documentation which may include a Social Security Number or Individual Taxpayer Identification Number, and
2. Personal information, including your name and a physical address in the U.S.
Once you provide this information, you can follow the steps to choose your funding option and submit your application for a CD account.
All Citi CDs are insured up to Federal Deposit Insurance Corporation (FDIC) limits.2
An important feature of a CD account is that when the CD term ends (called the CD Maturity Date), if you do not make changes, the CD will automatically renew for the same term at the interest rate available at that time. No Penalty CDs and Step Up CDs renew to the same term automatically but without the No Penalty or Step Up feature.
Once your CD renews, the funds will be locked once again for a new term until the next CD Maturity Date. If you don’t want your CD to automatically renew, you will have up to a 7-calendar day period (called the Grace Period) to close the CD without penalty. During the Grace Period, you also can make changes such as adding or withdrawing money from your CD, or changing to a different term. If you complete one of those actions, your Grace Period will end, your opening date will reset and a new CD Maturity Date will apply.
Before your CD matures, Citi will remind you of your upcoming CD maturity by sending you a CD Notice of Maturity approximately 30 days before your CD Maturity Date. You also can set up digital reminders of your upcoming CD Maturity Date.
You can renew and make changes to your CD online by logging into Citi.com or on the Citi Mobile® App. You also can call us or visit a branch.
You can choose to have your interest payment credited to the CD account or to a linked Citi transaction account, such as a checking, savings or money market account.
Your interest payment frequency depends on the CD type and term length. For CDs with terms of 1 year or less, you can select for interest to be credited either monthly or at maturity. For the No Penalty CD and CDs with terms greater than 1 year, interest is credited monthly.
You can withdraw interest from your CD without penalty, at any time during the term after it has been credited. If your CD automatically renews after the grace period, your interest is added to your principal balance and can’t be withdrawn without penalty until the next CD Maturity Date.
Interest on CDs is compounded daily. If you select to have interest credited to another account, this may reduce your APY since the APY assumes interest remains on deposit in the CD account until maturity.
Penalties will depend on the type of CD, the CD term, the amount of principal withdrawn, and the interest rate. To learn more about the specific penalties for each CD, please review the terms and conditions for Certificates of Deposit in the Client Manual Agreement.
No. There are no fees for opening a CD account online with Citi.
No. You can’t partially withdraw your money from a No Penalty CD. However, you can withdraw your full account balance beginning seven days after your account has been opened and funded.
Additionally, once your account has been opened and funded, you won’t be able to add additional money during the term of the CD. You will have the opportunity to add money once your CD matures and has entered the grace period.
When the No Penalty CD automatically renews, it will renew for the same 12-month term but without the no penalty feature. If you would like to continue with a No Penalty CD with the no penalty feature, you can close your original No Penalty CD upon maturity and open a new one.
When the Step Up CD automatically renews, it will renew to another 30-month term without the step up feature. Thus, the rate will no longer increase every 10 months like it did previously. If you want to continue in a CD with the step up feature, you can close your original Step Up CD upon maturity and open a new one.
All CDs automatically renew at maturity for the same term at the rates in effect on the CD renewal date.
You can’t renew an existing CD into a new No Penalty or Step Up CD. A No Penalty CD or Step Up CD can only be created by opening a new CD. If you want to change your existing CD to a No Penalty or Step Up CD, you can close your existing CD at maturity and open a new No Penalty or Step Up CD.
Yes. At maturity, you can renew any type of CD (Fixed Rate CD, No Penalty CD and Step Up CD) into any Fixed Rate CD at the rates in effect on the CD renewal date.
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Account Monthly Service Fees* for checking and savings accounts and Non-Citi ATM fees are waived for customers in the Citigold Private Client, Citigold or Citi Priority Relationship Tiers during the calendar month. If your Combined Average Monthly Balance (CAMB) does not meet the minimum required for three consecutive calendar months, you’ll automatically be Re-Tiered.
In addition to Relationship Tier waivers, Monthly Service Fees are waived for Regular Checking accounts and Access Checking accounts 1) when the account has $250 or more in Enhanced Direct Deposits (“EDD”)**, or 2) in the month of account opening and for the first 3 full calendar months after account opening. In addition to Relationship Tier waivers, Monthly Service Fees are waived for Citi Savings accounts and Citi Accelerate Savings accounts 1) when the account has an Average Monthly Balance of $500 or more, or 2) if an owner of the Savings account also owns a Regular Checking account or Access Checking account, or 3) in the month of account opening and for the first 3 full calendar months after account opening. Tier Exclusions apply to certain customers through separate notice. Unless a waiver applies as described above, monthly service fees are as follows:
Deposit Account | Monthly Service Fee |
---|---|
Access Checking | $5.00 |
Regular Checking | $15.00 |
Savings*** | $4.50 |
*Deposit accounts are subject to service, transaction or other fees not covered by the Monthly Service Fee. For a complete list of applicable fees, please review your Client Manual Agreement. Please also carefully review any fee disclosures provided at the time of a transaction or when a service is provided, such as when you open a Safe Deposit Box or order checks.
**An Enhanced Direct Deposit (EDD) is an electronic deposit through the Automated Clearing House (“ACH”) Network of payroll, pension, social security, government benefits and other payments to your checking or savings account. An EDD also includes Zelle® incoming payments and other funds from person-to-person (P2P) payments when transferred through the ACH Network using providers such as Venmo or PayPal. Teller deposits, cash deposits, check deposits, wire transfers, transfers between Citibank accounts, ATM transfers and deposits, mobile check deposits, debit card funding transfers, and P2P payment transfers sent to a Citibank debit card do not qualify as EDDs. Any funds transferred from another financial institution or P2P provider through an instant transfer service will also not qualify as an EDD.
***Citi Miles Ahead Savings, certain Savings accounts that are UTMAs, and COMMA accounts are not charged monthly service fees.
Checking accounts and Savings accounts that maintain a zero balance for 90 calendar days are subject to account closure at Citibank’s sole discretion. CD accounts are subject to closure after 20 consecutive calendar days with a zero balance.
Customers who did not own a Citibank checking, savings, CD, IRA, or investment account (investment accounts are offered through Citigroup Global Markets, Inc.) in the 30 days prior to opening a new deposit account (“New to Relationship customers”) may choose their Relationship Tier when opening a deposit account. If you are a New to Relationship customer, you will begin to enjoy benefits of Citi Relationship Tiers upon account opening. We will begin reviewing your Combined Average Monthly Balance (CAMB) for all Eligible Deposit and Investment* (EDI) accounts in the first full month after you open your new account. You must achieve a $30,000 CAMB in EDI accounts in at least one month of the first three full months after account opening to remain in the Citi Priority Relationship Tier. You must achieve a $180,000 CAMB in EDI accounts in at least one month of the first three full months after account opening to remain in the Citigold® Relationship Tier. You must achieve a $800,000 CAMB in EDI accounts in at least one month of the first three full months after account opening to remain in the Citigold® Private Client Relationship Tier. Your CAMB is determined by calculating the average monthly balance of all EDI accounts you own during a calendar month.
All customers, including customers not in a Relationship Tier, have access to everyday features and benefits from the products they own with Citi.
*Eligible deposit, retirement, and investment accounts (investment accounts are offered through Citigroup Global Markets Inc.) (EDI) that you own or for which you are beneficial owner can contribute toward your CAMB. Please refer to the Client Manual Agreement to determine which EDI accounts contribute toward your CAMB. The following accounts are not EDI accounts: accounts owned by Estates, accounts that are not consumer accounts, COMMA accounts, Collateral Holding accounts, Secured CD accounts, personal investment companies, accounts in a money purchase plan or profit sharing plan, accounts in a tax-qualified education savings plan, accounts opened through Citi Global Wealth at Work, Citi Alliance, Citi Private Bank, and International Personal Bank.
Re-Tiering will begin reviewing your CAMB in the first full month after account opening, however it takes three full months of CAMB to be impacted by the Re-Tiering process. New to Relationship customers will not be impacted by Re-Tiering until the 1st day of the fourth full month after account opening. The Relationship Tier for existing customers can change in any month. To move to a higher Relationship Tier, you must sustain that Relationship Tier’s minimum Balance Range for three consecutive calendar months. If you want to maintain your Relationship Tier, you need to make sure your CAMB does not drop below your Relationship Tier’s minimum Balance Range for three consecutive calendar months. When you are automatically Re-Tiered, we’ll inform you of your new Relationship Tier on your Account Statement. You may opt-out of Relationship Tiers, and the Re-Tiering process, by speaking to a banker in a branch or calling Citiphone banking.
If you are a deposit customer and choose to enroll in Family Linking with Eligible Family Members (“Members”), your family Combined Average Monthly Balance (CAMB) may be higher than your individual CAMB, entitling you to join Relationship Tiers offering benefits such as higher Annual Percentage Yields and certain fee waivers. Only Immediate Family Members living at the same residential address can participate in a Family Link and restrictions apply. Although Members will not have access to accounts they do not own, they will see the CAMB range for the Family Link. When deciding to join a Family Link, customers should evaluate their privacy needs along with their need for combined balance advantages. You can terminate that membership in a Family Link at any time by calling us or visiting a branch. Please see definition of Members in the Family Link section of the Client Manual Agreement. and note retirement accounts have different rules for Family Linking than other EDI accounts.
No Overdraft Fees. While Citibank will not charge you an overdraft fee, Citibank encourages its customers to consider the impact of overdrawing an account. The ability to overdraw your account may be limited. An overdrawn account has a negative balance. An account can become overdrawn when a Transaction Item is deducted from your account and causes your account to have a negative balance or increases the amount by which your account is negative. In the event of insufficient funds to pay one or more Transaction Items from your Available Now Balance, in our sole discretion we may return (“Returned Item”) or pay (“Overdraft”) one or more Transaction Items. We may discontinue permitting Overdrafts without cause or notice to you.
You may deposit checks into your account that are returned, regardless of whether or not your account is overdrawn. In addition, Access Checking accounts are designed so that Transaction Items that cause an overdraft will not be authorized.
65,000+ Fee-Free ATMs. Claim is based on locations in the United States where customers can make cash withdrawals with no surcharge (usage) fee by the ATM operator. Citibank customers can get cash, get information and make transfers between their eligible linked Citibank accounts with no surcharge fee when they use their Citibank® Banking Card at ATMs in the U.S. located at Citibank branches, ATMs at select retail store locations, and ATMs participating in the MoneyPass® Network; regular account charges apply. ATMs in retail stores and at other non-Citi locations are not owned or operated by Citibank and offer fewer functions. Use the Citi Worldwide ATM/Branch Locator on Citibank Online or the Citi Mobile® App to find the nearest ATMs and branches, including non-Citibank ATMs in the U.S. with surcharge free access. MoneyPass is a registered trademark of Fiserv, Inc.
Citi Mobile App and Mobile Check Deposit. Regular account charges apply. Citibank does not charge you a fee for using the Citi Mobile app or the Mobile Check Deposit service. However, you must have a Web-enabled cell or smartphone to use the Citi Mobile app or Mobile Check Deposit service and charges from your wireless carrier may apply. Citibank is not responsible for products and services offered by other companies. The Mobile Check Deposit service is for personal checking accounts only and is subject to eligibility. Deposit limits and other restrictions apply.
Zelle® Payments. Zelle® is available to Citi customers with an eligible checking account and a valid email address and/or valid U.S. mobile phone number. You may send money to almost anyone with a U.S.-based bank account. Terms, conditions and restrictions apply. For the protection of your account, Zelle® should only be used to send money to those you know and trust. Neither Citibank nor Zelle® offers purchase protection for payments made with Zelle® — for example, if you do not receive the item you paid for or the item is not as described or as you expected.
Citi ATM Fee Waiver.You may be charged a surcharge fee by the external bank or other ATM operator.
Increased Limits. Increased limits for Zelle® transfers, debit card purchases, and ATM withdrawals when compared to non-Relationship-Tier accounts. Requires a checking account and Citi Priority, Citigold or Citigold Private Client Relationship Tier. Citi reserves the right to temporarily reduce your limits to protect the security of your account. Your limits may be lower if you are recently enrolled in Zelle® or you have made a change to your enrolled phone number, email address or linked account number.
Wire Transfer Fee Waiver. Fees for incoming domestic and international wire transfers will be waived. The outgoing wire transfer fee will be waived for wires in foreign currency that are initiated through Citi Online or Citi Mobile. All other wire transfers, including wire transfers in foreign currency initiated at a branch or assisted by a banker and wire transfers in U.S. dollars, are subject to the fees described in your Client Manual Agreement. Citibank’s exchange rate for wire transfers in foreign currency includes a commission for the currency conversion service.
Wire Transfer Fee Waiver. Fees for incoming domestic and international wire transfers will be waived. The outgoing wire transfer fee will be waived for wires initiated through Citi Online or Citi Mobile. Wire transfers initiated through a branch or assisted by a banker are subject to fees. Citibank's exchange rate for wire transfers in foreign currency includes a commission for the currency conversion service. Please consult your Client Manual Agreement for additional information.
ATM Fee Reimbursement. Other banks and ATM service providers may charge you a fee when you conduct a Citibank deposit account transaction using their ATMs. You will receive reimbursement from Citibank for ATM fees charged by other banks in any statement period where you are in the Citigold or Citigold Private Client Relationship Tiers. This ATM reimbursement is limited to consumer accounts.
Increased Mobile Check Deposit Limits. The increased mobile check deposit limits are applicable to both the individual customer limit and the per account limit. Please refer to the User Agreement Terms & Conditions for the Mobile Check Deposit Service for a complete description of the applicable deposit limits for eligible accounts enrolled in the service and other important terms and restrictions. The increased deposit limits do not apply to customers with a Citibank deposit relationship for less than six (6) months or to customers with a deposit account, retirement account, loan or line of credit (excluding a credit card or first mortgage) on which they are either an owner or signer in any of the following banking relationships: Citigold Private Client, Citigold International, Citi International Personal Banking, Citi Global Executive Preferred or Citi Global Executive.
Wire Transfer Fee Waiver. Citibank's exchange rate for wire transfers in foreign currency includes a commission for the currency conversion service. Please consult your Client Manual Agreement for additional information.
Deposit Account | Monthly Service Fee |
---|---|
Access Checking | $5.00 |
Regular Checking | $15.00 |
Savings*** | $4.50 |
Important Information
Important Information
Citibank accounts come with everyday features & benefits. Customers who plan to keep a balance of $30,000+, can enjoy more benefits by opening an account in a Relationship Tier. Each tier has a minimum Balance Range. Make sure your Combined Average Monthly Balance doesn't drop below the range for 3 consecutive calendar months to keep your benefits.1
Everyday Features & Benefits | Citi Relationship Tier Citi Priority | Citi Relationship Tier Citigold® | Citi Relationship Tier Citigold® Private Client |
---|---|---|---|
COMBINED AVERAGE MONTHLY BALANCE RANGE | |||
$0 to $29,999.991 | $30,000 to $199,999.99 | To get started: $200,000 to $999,999.99 To maintain tier: $180,000 to $999,999.99 | To get started: $1,000,000+ To maintain tier: $800,000+ |
MONTHLY SERVICE FEE | |||
Access Checking: $5 Regular Checking: $15 Savings: $4.50 | No fee | No fee | No fee |
Ways to avoid Monthly Service Fee for checking accounts | |||
No fee | No fee | No fee | |
Ways to avoid Monthly Service Fee for savings accounts | |||
No fee | No fee | No fee | |
BANKING | |||
Access cash at 65,000+ fee-free ATMs2 | |||
âś“ true | âś“ true | âś“ true | âś“ true |
Non-Citi ATM Fees2 | |||
Access Checking: $2.50 fee per withdrawal Regular Checking $2.50 fee per withdrawal waived with $250+ in Enhanced Direct Deposits1 | No fees | No fees | No fees |
Unlimited reimbursement on ATM fees at Non-Citibank ATMs globally2 | |||
No reimbursement | No reimbursement | âś“ true | âś“ true |
Daily ATM/Debit Card cash withdrawal limits2 | |||
Up to $1,500 per Citibank Banking Card per Business Day | Up to $2,000 per account per Business Day | Up to $5,000 per account per Business Day | Up to $5,000 per account per Business Day |
Daily Debit Card PIN-based and signature purchase limits2 | |||
$5,000 per account per Business Day | $10,000 per account per Business Day | $25,000 per account per Business Day | $50,000 per account per Business Day |
Citi Accelerate Savings Annual Percentage Yield (APY)†| |||
% | % | % | % |
No Overdraft or Returned Item Fees2 | |||
âś“ true | âś“ true | âś“ true | âś“ true |
Money Order Fee | |||
$5 | Waived | Waived | Waived |
Official Check Fee | |||
$10 | Waived | Waived | Waived |
Stop Payment Request Fee | |||
$30 | Waived | Waived | Waived |
Regular Checking: Checkbook Orders / Reorders | |||
Varies | Waived fees: standard checkbook orders | Waived fees: standard checkbook orders | Waived fees: standard checkbook or non-standard checkbook orders |
PREFERRED LENDING PRICING | |||
Mortgage discount with Relationship Pricing2 | |||
Tiered interest rate discount or closing cost discount based on Citi Eligible Balances | Tiered interest rate discount or closing cost discount based on Citi Eligible Balances | Tiered interest rate discount or closing cost discount based on Citi Eligible Balances | Tiered interest rate discount or closing cost discount based on Citi Eligible Balances |
Personal loans2 | |||
Standard rates. Citi deposit account must have been open for 12 or more months at time of loan application. | 0.25% rate discount to the APR. Citi deposit account must have been open for 12 or more months at time of loan application. | 0.25% rate discount to the APR. Citi deposit account must have been open for 12 or more months at time of loan application. | 0.25% rate discount to the APR. Citi deposit account must have been open for 12 or more months at time of loan application. |
PLANNING & INVESTINGINVESTMENTS: NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE | |||
Investment resources to simplify your financial decisions | |||
― false | ✓ true | ✓ true | ✓ true |
Commission-free trading through Citi Self Invest from Citi Personal Wealth Management2 | |||
âś“ true | âś“ true | âś“ true | âś“ true |
Global market analysis and research reports | |||
― false | ― false | ✓ true | ✓ true |
Access to Financial Advisors from Citi Personal Wealth Management2 | |||
― false | ✓ true | ✓ true | ✓ true |
World-class investment platform from Citi Personal Wealth Management | |||
âś“ true | âś“ true | âś“ true | âś“ true |
Complimentary financial planning from Citi Personal Wealth Management2 | |||
― false | ― false | ✓ true | ✓ true |
TRAVEL & LIFESTYLE | |||
Citi Entertainment® | |||
âś“ true | âś“ true | âś“ true | âś“ true |
Foreign exchange fee when using your Citi Debit Card abroad2 | |||
3.00% | Waived | Waived | Waived |
World Wallet® foreign currency exchange service and shipping fees2 | |||
Service Fees: $5 < $1,000 USD $0 > $1,000 USD Direct-to-Consumer Shipping Fees: Standard: $10 Priority: $15 Saturday: $20 Shipping to branch: Waived fee | Waived | Waived | Waived |
Toll-free access to Citiphone service when traveling2 | |||
― false | ✓ true | ✓ true | ✓ true |
Annual subscription rebates2 | |||
― false | ― false | Up to $200 | Up to $400 |
Citigold Concierge2 | |||
― false | ― false | ✓ true | ✓ true |
Citigold Culture Pass2 | |||
― false | ― false | ✓ true | ✓ true |
Complimentary Citi Bike membership | |||
― false | ― false | Complimentary 1-year membership2 | Complimentary 1-year membership2 |
Premium benefits through Mastercard Travel & Lifestyle Services2 | |||
― false | ― false | ― false | ✓ true |
A Monthly Service Fee is the amount you pay each calendar month starting from the first day you open your account to maintain and service your Checking account or Savings account at Citibank. You will not see a Monthly Service Fee debited from your account(s) during your first four Statement Periods because the same fee waiver that applies during the month of account opening will be applied three more times to cover the following three full calendar months. Important Note: Calendar months may not match your Statement Period. Please remember to review the “Account Fees and Charges” section when you receive your fourth account statement for information about any Monthly Service Fees that may apply for the subsequent Statement Period.
Deposit accounts are subject to service, transaction or other fees not covered by the Monthly Service Fee. For a complete list of applicable fees, please review your Client Manual Agreement. Please also carefully review any fee disclosures provided at the time of a transaction or when a service is provided, such as when you open a Safe Deposit Box or order checks.
An Enhanced Direct Deposit (EDD) is an electronic deposit through the Automated Clearing House (“ACH”) Network of payroll, pension, social security, government benefits and other payments to your checking or savings account. An EDD also includes Zelle® incoming payments and other funds from person-to-person (P2P) payments when transferred through the ACH Network using providers such as Venmo or PayPal. Teller deposits, cash deposits, check deposits, wire transfers, transfers between Citibank accounts, ATM transfers and deposits, mobile check deposits, debit card funding transfers, and P2P payment transfers sent to a Citibank debit card do not qualify as EDDs. Any funds transferred from another financial institution or P2P provider through an instant transfer service will also not qualify as an EDD.
Citi Miles Ahead Savings, certain Savings accounts that are UTMAs, and COMMA accounts are not charged monthly service fees. Applicants must use a residential address in one of the following locations when applying to open a Citi Miles Ahead Savings account: Armed Forces America, U.S. Armed Forces — Europe, Alaska, Alabama, U.S. Armed Forces — Pacific, Arkansas, American Samoa, Arizona, Colorado, Delaware, Georgia, Guam, Hawaii, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Northern Mariana Islands, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virgin Islands, Vermont, Washington, Wisconsin, West Virginia, Wyoming and select markets in Florida and Illinois.
Accounts that maintain a zero balance for 90 calendar days are subject to account closure at Citibank’s sole discretion.
Customers who did not own a Citibank checking, savings, CD, IRA, or investment account (investment accounts are offered through Citigroup Global Markets, Inc.) in the 30 days prior to opening a new deposit account (“New to Relationship customers”) may choose their Relationship Tier when opening a deposit account. If you are a New to Relationship customer, you will begin to enjoy benefits of Citi Relationship Tiers upon account opening. We will begin reviewing your Combined Average Monthly Balance (CAMB) for all Eligible Deposit and Investment* (EDI) accounts in the first full month after you open your new account. You must achieve a $30,000 CAMB in EDI accounts in at least one month of the first three full months after account opening to remain in the Citi Priority Relationship Tier. You must achieve a $180,000 CAMB in EDI accounts in at least one month of the first three full months after account opening to remain in the Citigold® Relationship Tier. You must achieve a $800,000 CAMB in EDI accounts in at least one month of the first three full months after account opening to remain in the Citigold® Private Client Relationship Tier. Your CAMB is determined by calculating the average monthly balance of all EDI accounts you own during a calendar month.
All customers, including customers not in a Relationship Tier, have access to everyday features and benefits from the products they own with Citi.
*Eligible deposit, retirement, and investment accounts (investment accounts are offered through Citigroup Global Markets Inc.) (EDI) that you own or for which you are beneficial owner can contribute toward your CAMB. Please refer to the Client Manual Agreement to determine which EDI accounts contribute toward your CAMB. The following accounts are not EDI accounts: accounts owned by Estates, accounts that are not consumer accounts, COMMA accounts, Collateral Holding accounts, Secured CD accounts, personal investment companies, accounts in a money purchase plan or profit sharing plan, accounts in a tax-qualified education savings plan, accounts opened through Citi Global Wealth at Work, Citi Alliance, Citi Private Bank, and International Personal Bank.
Re-Tiering will begin reviewing your CAMB in the first full month after account opening, however it takes three full months of CAMB to be impacted by the Re-Tiering process. New to Relationship customers will not be impacted by Re-Tiering until the 1st day of the fourth full month after account opening. The Relationship Tier for existing customers can change in any month. To move to a higher Relationship Tier, you must sustain that Relationship Tier’s minimum Balance Range for three consecutive calendar months. If you want to maintain your Relationship Tier, you need to make sure your CAMB does not drop below your Relationship Tier’s minimum Balance Range for three consecutive calendar months. When you are automatically Re-Tiered, we’ll inform you of your new Relationship Tier on your Account Statement. You may opt-out of Relationship Tiers, and the Re-Tiering process, by speaking to a banker in a branch or calling Citiphone banking.
No Overdraft Fees. While Citibank will not charge you an overdraft fee, Citibank encourages its customers to consider the impact of overdrawing an account. The ability to overdraw your account may be limited. An overdrawn account has a negative balance. An account can become overdrawn when a Transaction Item is deducted from your account and causes your account to have a negative balance or increases the amount by which your account is negative. In the event of insufficient funds to pay one or more Transaction Items from your Available Now Balance, in our sole discretion we may return (“Returned Item”) or pay (“Overdraft”) one or more Transaction Items. We may discontinue permitting Overdrafts without cause or notice to you.
You may deposit checks into your account that are returned, regardless of whether or not your account is overdrawn. In addition, Access Checking accounts are designed so that Transaction Items that cause an overdraft will not be authorized.
65,000+ Fee-Free ATMs. Claim is based on locations in the United States where customers can make cash withdrawals with no surcharge (usage) fee by the ATM operator. Citibank customers can get cash, get information and make transfers between their eligible linked Citibank accounts with no surcharge fee when they use their Citibank® Banking Card at ATMs in the U.S. located at Citibank branches, ATMs at select retail store locations, and ATMs participating in the MoneyPass® Network; regular account charges apply. ATMs in retail stores and at other non-Citi locations are not owned or operated by Citibank and offer fewer functions. Use the Citi Worldwide ATM/Branch Locator on Citibank Online or the Citi Mobile® App to find the nearest ATMs and branches, including non-Citibank ATMs in the U.S. with surcharge free access. MoneyPass is a registered trademark of Fiserv, Inc.
Debit Card Limits. Citibank reserves the right to change limits or to suspend or discontinue the availability of electronic transfer services at any time based on security or other factors.
Citi Mortgage Relationship Pricing.
Balances of $1 - $49,999.99: $500 off closing costs
Balances of $50,000 - $199,999.99: 1/8% off interest rate
Balances of $200,000 - $499,999.99: 1/4% off interest rate
Balances of $500,000 - $999,999.99: 3/8% off interest rate
Balances of $1,000,000 - $1,999,999.99: 1/2% off interest rate
Balances of $2,000,000+ or more: 5/8% off interest rate
A Citibank deposit account is required to receive the interest rate discount or closing cost credit.
Automated monthly transfers of the mortgage payment from a Citibank Deposit Account using automated drafting will be required. Actual interest rate discount and closing cost credit will depend on the level of the Citi Eligible Balances, which will be verified after final loan approval. Citi Mortgage Relationship Pricing benefits cannot be combined with other offers or incentives. Citibank mortgage relationship pricing for Citibank account holders can only be applied prior to loan closing and is subject to account and balance validation. Citibank Mortgage Relationship Pricing is subject to change without notice. Eligible Balances will be verified after final loan approval. The balances used to determine the benefit will be what remains after any down payment and closing costs for the mortgage transaction.
Deposit Account Balances must be in the account five (5) Business Days following final loan approval and Investment Account balances must be in the account six (6) Business Days following final loan approval. Citi eligible accounts include a personal consumer Citibank Deposit Account, linked Citibank IRAs, and Investments held in linked Citigroup Global Markets Inc. (”CGMI”) accounts. The borrower must be an account holder on investment accounts. IRA and annuity positions shown on linked CGMI Account statements are eligible (except tax qualified annuities under sections 401, 403, or 457 of the Internal Revenue Code). Balances from Citibank Business / Commercial accounts, ERISA accounts, Keogh accounts, Bank Collateral accounts, Foreign accounts, Fiduciary accounts, and Trust accounts where the borrower is only listed as the Beneficiary are excluded. All Custodial type accounts are excluded with the exception of Custodial IRA accounts through Citibank or Pershing LLC where the borrower(s) is the beneficiary, which are eligible unless otherwise noted. Citibank IRAs that are not linked to a Citibank Deposit Account are excluded.
The closing cost credit offer will be applied at closing and may not be used prior to closing. In Texas, the credit may not result in you receiving cash back.
If you are interested in Citi's banking account relationship offers, please contact your Mortgage Representative to discuss which offer is best for you. Citibank mortgage relationship pricing for Citibank account holders can only be applied prior to loan closing and is subject to account and balance validation. Citibank mortgage relationship pricing is subject to change without notice.
Glossary of terms for this offer:
Business Day means Monday through Friday and does not include federal holidays.
Eligible Balances means total funds showing in the account at the time we verify the balances less any funds we determine you will need for a down payment or closing costs.
Deposit Account means a Citibank personal checking and/or savings account as well as certificates of deposit and money market accounts.
Investment Account means IRAs and investments held in Citigroup Global Markets Inc. accounts.
Closing cost credit will be applied at closing. It may be applied to origination fees and standard customary third-party and government closing costs. In Texas, the credit may not result in your receiving cash back. Offers are not applicable on Home Equity Loans and Lines of Credit.
Investment products are offered through Citigroup Global Markets Inc. (“CGMI”), member SIPC. Citibank and CGMI are affiliated companies under the common control of Citigroup Inc.
Terms, conditions and fees for accounts, programs, products and services are subject to change. Citibank reserves the right to suspend, change and terminate the offers and promotion. This is not a commitment to lend. All loans are subject to credit and property approval. Certain restrictions may apply on all programs. Offer cannot be combined with any other mortgage offers. This offer contains information about U.S. domestic financial services provided by Citibank, N.A. and is intended for use domestically in the U.S.
Lending products offered by Citibank, N.A. NMLS ID 412915. Equal Housing Lender.
Discounts on Citi Personal Loans. You must be in a Relationship Tier at the time of submitting a personal loan application to receive the applicable discount to that Relationship Tier. Existing deposit and credit card customers who have been a Citi customer for less than 12 months are not eligible for a Citi Personal Loan. Personal loans subject to credit approval. Terms and restrictions apply.
Commission-free Trading. Commission-free trading of ETFs excludes leveraged and inverse ETFs and applies only to trades placed online and on the Citi Mobile® App. Clients will pay a commission to buy or sell ETFs by phone. ETFs are subject to management fees and expenses; refer to each ETF’s prospectus for more information. Account service fees may also apply. There are other costs associated with ETF and mutual fund investing, such as management fees and expenses.
Citi Self Invest. Citi Self Invest is a digital self-directed investment platform of Citi Personal Wealth Management.
Citi Entertainment: You must use a Citi credit card which displays the Visa or Mastercard logo or a Citibank Debit Card which displays the Mastercard logo to take advantage of any ticket offer. Tickets are subject to availability and ticket orders may be subject to a service charge. Ticket limit per account and age requirements vary by event. By responding to an offer, you will be disclosing all the information requested to a company outside the Citigroup family of companies. Citi is not responsible for products or services offered by other companies.
Foreign Exchange Fee. Citi will apply a foreign exchange fee equal to 3% of the transaction amount (including credit and reversals) for each international debit card purchase or ATM withdrawal transaction (including those at Proprietary Citibank ATMs) made in a currency other than U.S. Dollars when the transaction is conducted outside the 50 United States and its territories. Fee is waived for Citigold, Citi Priority, Citi Private Bank, and International Personal Bank U.S. accounts.
World Wallet Foreign Currency Exchange Services. Ordering limits apply. The exchange rate for a purchase or redemption of foreign currency includes a commission to Citibank for the conversion service.
Toll-free Access. Toll-free access to the U.S. Citi Service Center when traveling requires a checking account and Citi Priority, Citigold or Citigold Private Client Relationship Tier.
Citi ATM Fee Waiver. You may be charged a surcharge fee by the external bank or other ATM operator.
Increased Limits. Increased limits for Zelle® transfers, debit card purchases, and ATM withdrawals when compared to non-Relationship-Tier accounts. Requires a checking account and Citi Priority, Citigold or Citigold Private Client Relationship Tier. Citi reserves the right to temporarily reduce your limits to protect the security of your account. Your limits may be lower if you are recently enrolled in Zelle® or you have made a change to your enrolled phone number, email address or linked account number.
Citi Personal Wealth Management Investment Account Fee Waiver. The annual fee for Citi Personal Wealth Management Investment accounts is waived for the Citi Priority, Citigold and Citigold Private Client Relationship Tiers.
ATM Fee Reimbursement. Other banks and ATM service providers may charge you a fee when you conduct a Citibank deposit account transaction using their ATMs. You will receive reimbursement from Citibank for ATM fees charged by other banks in any statement period where you are in the Citigold or Citigold Private Client Relationship Tiers. This ATM reimbursement is limited to consumer accounts.
Citigold Concierge. Citigold Concierge is the name of the service provided by Aspire Lifestyles for Citigold clients on behalf of Citigroup Inc. Citigroup Inc. and Aspire Lifestyles are not affiliated companies.
Citigold Culture Pass. For customers in the Citigold or Citigold Private Client Relationship Tiers, Museum of Modern Art (MoMA), Museum of the City of New York (MCNY), Solomon R. Guggenheim Museum (Guggenheim) and The New York Botanical Garden (NYBG) benefit provides complimentary daytime admission (weekdays and weekends during normal business hours) for a client and one guest. Subject to availability. Subject to change at any time. Exchanges subject to availability. No refunds.
Note: The Citigold Culture Pass benefit with the Roundabout Theatre Company will be discontinued on August 31, 2024. The Citigold Culture Pass benefit with the Museum of the City of New York (MCNY) will be discontinued on December 31, 2024.
Ticket(s) must be purchased in advance. To purchase ticket(s) online using Citigold Culture Pass, please click “Get Offer Code” to reach out to your Wealth Advisor to obtain a Unique Code.
To enter, you will be required to present your ticket, a Citigold or Citigold Private Client Debit Card (as applicable), or and a valid ID upon entry.
MoMA and MCNY — Subject to availability, you may be able to purchase your tickets with your Unique Code in person the same day of entry.
Guggenheim benefit is available at the New York City museum location only. Visitors must book advance tickets online at guggenheim.org by selecting the “Affiliates” option and choosing “Citigold Cardholder.” In addition to the above requirements, you may use a Citigold Private Client World Debit Mastercard® for entry.
NYBG offers complimentary All-Garden Pass admission. Restrictions may apply when entry is moderated by timed ticketing; Holiday Train Show may be subject to limited blackout dates. To visit NYBG, reserve a time online in advance.
Citi is not affiliated with MoMA, MCNY, Guggenheim or NYBG.
For more information about Citigold Culture Pass visit https://citigold.citi.com/culturepass/
Citi Bike Membership. Complimentary one-year Citi Bike memberships for Citigold clients are limited to one (1) per household for households located in New York, New Jersey, or Connecticut only. A Citi Bike annual membership includes unlimited 45-minute rides on a classic bike. Any extra fees beyond the cost of the annual membership, including but not limited to fees incurred for any extra time, ebike upgrades, or lost/stolen bikes, are not included in the annual membership and are the responsibility of the Citi Bike member. For more information about the Citi Bike program and annual membership, visit www.citibikenyc.com. Subject to availability and change in terms at any time.
The Citi Bike® Program in New York is operated by Lyft Bikes and Scooters, LLC. Citibank, N.A. and Lyft Bikes and Scooters, LLC are not affiliated companies and Citibank, N.A. has no liability for the operation of the program. Citi Bike, Citi Bike and Arc Design and the Blue Wave are registered service marks of Citigroup Inc.
Citigold and Citigold Private Client Subscription Rebate Program.
This is a Citi sponsored program for eligible Citigold customers.
Select Citigold and Citigold Private Client customers will be invited to participate in the Subscription Rebate Program (“Eligible Customers”). Additional persons with accounts linked to an Eligible Customer who live at the same address, will not be invited or eligible to participate in the Subscription Rebate Program. If you have questions about your program eligibility, contact your Wealth Relationship Manager. Eligible Customers must purchase subscriptions with their Citibank® Debit Card as follows:
—Costco®: Purchased on Costco's website, over phone or in Costco warehouses
—TSA PreCheck®: Purchase at enrollment centers after applying online
—Amazon Prime, Hulu®, Spotify Premium, Global Entry, Blade®: Purchase on merchant websites
—The Wall Street Journal: Purchased on The Wall Street Journal website or over phone
Eligible Customers must be Citigold or Citigold Private Client customers with an open Checking Account at the time the subscription purchase posts to your Checking Account's Available Now Balance. Cash back rebates may post up to 8 weeks after your subscription purchase.
“Costco” is a registered trademark of Costco Wholesale Corporation.
The TSA PreCheck® trademark is used with the permission of the U.S. Department of Homeland Security.
The Wall Street Journal and WSJ are trademarks of Dow Jones & Company, Inc
PRIME, AMAZON PRIME and all related logos are trademarks of Amazon.com, Inc. or its affiliates.
The Global Entry Trusted Traveler Network trademark is used with the permission of the U.S. Department of Homeland Security.
Hulu and the Hulu logo are registered trademarks of Hulu, LLC.
Blade and the Blade logo are registered trademarks of BLADE Urban Air Mobility, Inc.
Citi Bike Membership. Complimentary one-year Citi Bike memberships for Citigold Private Clients are limited to one (1) per household for households located in New York, New Jersey, or Connecticut only. A Citi Bike annual membership includes unlimited 45-minute rides on a classic bike. Any extra fees beyond the cost of the annual membership, including but not limited to fees incurred for any extra time, ebike upgrades, or lost/stolen bikes, are not included in the annual membership and are the responsibility of the Citi Bike member. For more information about the Citi Bike program and annual membership, visit www.citibikenyc.com. Subject to availability and change in terms at any time.
The Citi Bike® Program in New York is operated by Lyft Bikes and Scooters, LLC. Citibank, N.A. and Lyft Bikes and Scooters, LLC are not affiliated companies and Citibank, N.A. has no liability for the operation of the program. Citi Bike, Citi Bike and Arc Design and the Blue Wave are registered service marks of Citigroup Inc.
Mastercard Travel & Lifestyle Services. Mastercard Travel & Lifestyle Services are provided by Ten Lifestyle Management USA, Inc. No travel bookings are being made by Mastercard, nor is Mastercard acting as a travel agency or providing any travel consultation or advice, in connection with Mastercard Travel & Lifestyle Service. Certain terms, conditions and exclusions apply. Full details are available at https://travel.mastercard.com.
Important Information
Important Information
You are leaving a Citi Website and going to a third party site. That site may have a privacy policy different from Citi and may provide less security than this Citi site. Citi and its affiliates are not responsible for the products, services, and content on the third party website. Do you want to go to the third party site?
Citi is not responsible for the products, services or facilities provided and/or owned by other companies.
You are leaving a Citi Website and going to a third party site. That site may have a privacy policy different from Citi and may provide less security than this Citi site. Citi and its affiliates are not responsible for the products, services, and content on the third party website. Do you want to go to the third party site?
Citi is not responsible for the products, services or facilities provided and/or owned by other companies.
J.D. Power 2019 Mobile App Certification Programâ„ Service Mark recognition is based on successful completion of an audit and exceeding a customer experience benchmark through a survey of recent servicing interactions. For more information, visit
jdpower.com/awardsYou are leaving a Citi Website and going to a third party site. That site may have a privacy policy different from Citi and may provide less security than this Citi site. Citi and its affiliates are not responsible for the products, services, and content on the third party website. Do you want to go to the third party site?
Citi is not responsible for the products, services or facilities provided and/or owned by other companies.
You are leaving a Citi Website and going to a third party site. That site may have a privacy policy different from Citi and may provide less security than this Citi site. Citi and its affiliates are not responsible for the products, services, and content on the third party website. Do you want to go to the third party site?
Citi is not responsible for the products, services or facilities provided and/or owned by other companies.
You are leaving a Citi Website and going to a third party site. That site may have a privacy policy different from Citi and may provide less security than this Citi site. Citi and its affiliates are not responsible for the products, services, and content on the third party website. Do you want to go to the third party site?
Citi is not responsible for the products, services or facilities provided and/or owned by other companies.
You are leaving a Citi Website and going to a third party site. That site may have a privacy policy different from Citi and may provide less security than this Citi site. Citi and its affiliates are not responsible for the products, services, and content on the third party website. Do you want to go to the third party site?
Citi is not responsible for the products, services or facilities provided and/or owned by other companies.
Citibank.com provides information about and access to accounts and financial services provided by Citibank, N.A. and its affiliates in the United States and its territories. It does not, and should not be construed as, an offer, invitation or solicitation of services to individuals outside of the United States.
Terms, conditions and fees for accounts, products, programs and services are subject to change. Not all accounts, products, and services as well as pricing described here are available in all jurisdictions or to all customers. Your eligibility for a particular product and service is subject to a final determination by Citibank. Your country of citizenship, domicile, or residence, if other than the United States, may have laws, rules, and regulations that govern or affect your application for and use of our accounts, products and services, including laws and regulations regarding taxes, exchange and/or capital controls that you are responsible for following.
The products, account packages, promotional offers and services described in this website may not apply to customers of International Personal Bank U.S. in the Citigold® Private Client International, Citigold® International, Citi International Personal, Citi Global Executive Preferred, and Citi Global Executive Account Packages.
Deposit products and services are offered by Citibank, N.A., Member FDIC