Citibank Money Market Account Ratings (1/5)

The money market account offered by Citibank is in ways special or different than any other one offered by a major bank.  While the $1,000 minimum opening deposit requirement is a bit lower than the national average, the interest rate associated with this particular account is only 0.01%.  It is simply not worth the time setting up a money market account with the interest rate being so low.  On top of that one also needs to have a linked checking account, which is usually not a requirement at any major bank in the country.  It only provides added frustration for one looking to simply set up a money market account with the bank.  As with other banks money market accounts at Citibank are FDIC insured up to $250,000 with the interested being compounded daily and credited monthly.  Recently Citibank has discontinued their money market and so you might be better off looking into at Citibank Checking Account post, if you want features similar to a money market account.

Money Market Rating