American Eagle Bank VS Citibank

Which bank is better for you?

  • Financial Rates: 3.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Website Experience: 4.0 Star Icon
  • Bank Fees: 4.0 Star Icon
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Pros:

  • CD bonus of higher interest rates
  • Senior citizen checking accounts
  • Kids Klub savings account
  • Government or nonprofit checking account

Cons:

  • Debit cards might not work in all states
  • High opening amount for CDs
  • Business checking has credit/debit limit
  • Products not available to everyone
  • Financial Rates: 3.0 Star Icon
  • Customer Service: 5.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 3.0 Star Icon
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Pros:

  • Citi Private Pass
  • Fee-free ATMs
  • Earn Thank You Points
  • Business Banking

Cons:

  • Most accounts have fees
  • High daily balances
  • High opening balances for savings accounts
  • Low interest rates
American Eagle Bank Review

American Eagle CDs can earn higher interest rates if you earn the relationship bonus. To receive this bonus, you must have $5,000 in a qualifying checking, savings, or money market account. With this bonus, you earn around 0.15% more interest on the money in your CD.

American Eagle offers a Golden Eagle checking account for senior citizens. To qualify for the senior account, you must be over 55 years of age. This account offers unlimited check writing, no monthly fees, and a higher interest rate than their other checking accounts.

The Eagle Saver Kids Klub only requires $1 to open. Kids must be under 17 and have a parent or guardian co-signer. For every deposit made, kids earn ‘Wooden Nickels.’ Kids use those nickels to get prizes.

The American Eagle Platinum NOW checking account is for government and nonprofits. It only requires $100 to open. There is no monthly fee with at least $500 in the account. This account offers unlimited check writing, an ATM or debit card with no fees, and earns interest.

In the name of security, the American Eagle debit card may not work in all areas. Those areas include New York, New Jersey, Washington D.C., Delaware, Florida, Georgia, Maryland, Ohio, North Carolina, Pennsylvania, South Carolina, Virginia, or Canada. If you travel to these areas, you must call the bank in advance to make sure your debit card will work.

CDs require $1,000 to open and earn interest. The CD terms vary in length from six to sixty months. Special add-on CDs let you make unlimited deposits of at least $1 or more.

The business checking account limits transactions each month. You must not exceed 500 debit and credit transactions per month. There is a fee if you do.

Not all American Eagle accounts are available to everyone. You cannot apply online for an account. You must call a local branch to get information and apply for an account. Some products are only available to current customers and those living in certain areas.

Read the full American Eagle Bank review.

Citibank Review

Citi Private Pass is an entertainment program for credit and debit card holders. You can buy tickets to concerts, sporting events, restaurants, and movie screenings before others. The best deals are found on Twitter or with a weekly email. There is no fee from Citi to make purchases through Citi Private Pass.

Citi has thousands of ATMs across the United States and in 20 other countries. You can get cash without paying a fee at these ATMs. Free ATMs have the Citibank brand. MoneyPass ATMs are free too. Talking ATMs are at every Citibank branch with ATMs. If you aren’t a CitiGold or Priority member and use a non Citi ATM you will be charged the fee. You can find ATMs and branches on Citi’s website.

Three checking accounts and many credit cards offer thank you points. You earn points from qualifying purchases, direct deposits and bill pay. These points can be used to make a variety of different purchases. The only checking accounts that earn points are Citibank account, Citi Priority Package and CitiGold. These accounts require high account balances.

Citi offers small or commercial business banking. Checking accounts differ depending on the number of transactions made. Citi offers different cash flow options for deposits and customer payments. Business payroll services and credit cards are available.

Every account offered has fees except CitiGold. To be a member of CitiGold requires $200,000 in accounts. The fees range from $10 to $30. Waive fees by maintaining a monthly average balance. Those balances are high. They range from $500 to $50,000. Checking accounts must have a balance of $1,500 always to waive the fee. Basic savings accounts can have the fee waived if you are older than 62 or have a direct deposit into the account.

The opening balances for savings accounts are $100. There isn’t a required amount to open a checking account. But, you will be charged the account fee if you don’t have $1,500 to $50,000 in the account. The amount is different for each account.

Interest rates for checking and savings accounts aren’t found on the website. Not all checking accounts earn interest. Citibank interest rates aren’t competitive to other online banks. You don’t know what you earn until you sign up.

Read the full Citibank review.

Favorite Rates

CIT Bank
Savings 10/16/2018
APY 2.15%
Rate 2.13%
For APY $100
Monthly Fee $0.00
Checkbook No
2.15% APY requires a Deposit of $100+/month or $25k+ balance.
Learn More &
Open Account
PurePoint Financial
Savings 10/16/2018
APY 2.15%
Rate 2.13%
For APY $10,000
Monthly Fee $0.00
Checkbook No
Open Online in Minutes. Deposits FDIC Insured. Earn More Today.
Learn More &
Open Account
Citizens Access
Savings 10/16/2018
APY 2.12%
Rate 2.10%
For APY $5,000
Monthly Fee $0.00
Checkbook No
$5,000 minimum balance to obtain APY. Absolutely no fees.
Learn More &
Open Account
Synchrony Bank
Savings 10/16/2018
APY 1.90%
Rate 1.88%
For APY $0
Monthly Fee $0.00
Checkbook No
Great Rates + Safety = Peace of Mind
Learn More &
Open Account
Barclays
Savings 10/16/2018
APY 1.90%
Rate 1.88%
For APY $0
Monthly Fee $0.00
Checkbook No
No Minimum Balance. No Monthly Maintenance Fees. FDIC Insured.
Learn More &
Open Account
American Express National Bank
Savings 10/16/2018
APY 1.90%
Rate 1.88%
For APY $1
Monthly Fee $0.00
Checkbook No
Accounts offered by American Express National Bank. Member FDIC
Learn More &
Open Account
E*TRADE Bank
Savings 10/16/2018
APY 1.90%
Rate 1.88%
For APY $100
Monthly Fee $10.00
Checkbook No
Make the most of your savings - higher rates & a whole lot more!
Learn More &
Open Account
Capital One 360
MMA 10/16/2018
APY 1.85%
Rate 1.83%
For APY $10,000
Monthly Fee $0.00
Checkbook Yes
360 Money Market: Up to 1.85% APY
Learn More &
Open Account