Citibank Savings Account Ratings (2/5)

 Citibank offers two savings accounts to appeal to potential customers.  The first is a basic savings account known as the day to day account.  One needs to have a $100 minimum opening deposit to open an account, along with a $500 minimum monthly balance to avoid paying an $8 monthly maintenance fee.  The interest rate for this account is only 0.05%, which is well below the national average of 0.75%, and is compounded daily and credited monthly.  The other savings account offered is a savings plus account, which offers a tiered interest rate.  The interest rate starts at 0.05% APY for accounts funded with less than $10,000 up to 0.35% APY for accounts with $1 million or more in them.  All CitiBank savings accounts are insured by the FDIC up to $250,000.

Savings Account Rating