Is Citibank good for savings account?

APY. Citibank’s basic savings account can be a good place to keep your money safe and accessible, but its rates are generally low. You’ll find better rates — generally around 0.40\% — at online-only banks or credit unions. Check out NerdWallet’s best savings accounts.

Is my money safe in Citibank India?

Your deposits up to a particular limit (presently Rs. 5 lakh per depositor) are insured and paid back to you in the event of failure of your bank. Your deposits to the above extent are insured, possibly even without your knowledge.

Is Citibank a good bank in India?

Citi India’s balance sheet is considered among the best performing in the Indian banking industry, with a net NPA level of 0.55\% as of 31 March 2018.

What is the minimum balance for Citibank savings account India?

Rs. 1,00,000
For most Citibank savings accounts, a minimum balance of Rs. 1,00,000 to 2,00,000 needs to be maintained as a minimum balance on an average. The bank can change its policy and this information needs to be checked when you apply for a savings account.

Is Citibank trustworthy?

Is Citibank a good bank? Citibank is a good bank if you’re looking for solid full-service banking products and services and access to plenty of fee-free ATMs. If you’re looking to earn the best interest rates on your deposits, you may find better rates at an online bank.

Is my money safe in Citibank?

Savings accounts are generally a safe investment choice. They offer a fixed rate of return, your money can be withdrawn in an emergency with no penalty, and your account is insured for up to $250,000 by the Federal Deposit Insurance Corp. ( FDIC ). See how much you can earn with a Citi savings account today.

What is Citibank savings interest rate?

The Citibank savings account interest rate for its Accelerate account is 0.50\% APY. With that yield, which is higher than savings account interest rates at many other banks, the name makes sense. However, the rate for Citi’s basic savings account is lower, at 0.04\%.

What is interest rate in Citibank?

Citibank Time Deposit Interest rates

Who is going to buy Citibank in India?

Amidst increasing bullishness about the credit card market, a handful of top domestic banks including HDFC Bank and Kotak Mahindra Bank are being seen as front runners to acquire Citi’s credit card division in India. According to sources, about 5-6 banks are in the fray to bid for Citi’s credit card business in India.

What is good about Citibank?

As a large bank with more than 2,300 branches and over 60,000 ATMs in the U.S., Citibank offers convenient access to your money. Though it is not the best fit for customers who can’t meet the minimum balance requirements to waive fees, it is best for those who: Prefer access to bank branches and ATMs.