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- Citi has more attractive savings accounts and CDs to earn interest than Chase.
- Citi allows you to waive monthly fees for checking accounts.
- Both banks have been in public controversies, and they are tied for trustworthiness.
- Insider’s bank reviews CitiAnd Chase.
Citi and Chase are two of the most well-known national banks in America, with many branches all over the country. Online accounts are also available if you don’t live in close proximity to a bank.
Checking accounts, savings accounts and CDs have been compared to help you choose the right bank for you. We are also reviewing financial institutions for trustworthiness to help you learn more about the history of each one.
Compare Chase and Citi
Citi Accelerate Savings offers high interest rates
Editor’s rating
0.05% to 2.2% APY depending on where you are located
Chase Total Checking: $200 Checking Account Bonus
Editor’s rating
The pros and cons of Citizen
Chase’s pros and cons
Compare Citibank vs. Chase checking accounts
Chase and Citi offer multiple checking accounts. Below is a comparison of two popular checking accounts. Bank fees are minimal.
Annual Percentage Yield
None
Minimum Deposit Amount
$0
Annual Percentage Yield
None
Minimum Deposit Amount
$0
Deposit Details
Annual Percentage Yield
None
Minimum Deposit Amount
$0
Pros & Cons
Highlights
Additional Reading
Comparisons of Chase Savings Accounts vs Citi
Citi offers two savings accounts — Citi® Accelerate SavingsAnd the Citi® Savings Account. Chase offers a traditional savings account. Premium savings accWith a slightly higher interest rate
We have compared Citi® Accelerate SavingsThe Chase Savings℠These accounts are available in all 50 states, and they have the same monthly service fees.
Citi® Accelerate Savings
Annual Percentage Yield
2.20% APY
Minimum Deposit Amount
$0
Citi® Accelerate Savings
Annual Percentage Yield
2.20% Annual Percentage Rate
Minimum Deposit Amount
$0
Deposit Details
Annual Percentage Yield
2.20% APY
Minimum Deposit Amount
$0
Pros & Cons
Highlights
Additional Reading
Compare Citi vs. Chase CD
Citi Fixed Rate Deposit Certificates
Annual Percentage Yield
0.05% to 2.85% APR
Minimum Deposit Amount
From $500 to $2,500
Citi Fixed Rate Deposit Certificates
Annual Percentage Yield
0.05% – 2.85% APY
Minimum Deposit Amount
500 to $2,500
Deposit Details
Annual Percentage Yield
0.05% to 2.85% APR
Minimum Deposit Amount
From $500 to $2,500
Pros & Cons
Highlights
Additional Reading
Which bank is the most trustworthy?
To evaluate the customer service of a bank, we use ratings from The Better Business Bureau.
The BBB gave JP Morgan Chase & Co. (Chase’s parent company) a Rating BDue to government action against the business.
Here are recent cases with JP Morgan Chase & Co.:
Citi has been busy in the meantime. Rating: FIt has been the subject of a lot of customer complaints. The government took action against the company.
Citi was involved in the following scandals:
- 2019 was the year Citi sent an error message $900 million to customers.
- In 2020, the bank had to pay $400 million in settlement with the Comptroller of the Currency. The OCC found that the bank was using inefficient banking methods.
Remember that a high BBB rating does not guarantee smooth relationships with banks. You might also consider speaking to existing customers and reading customer reviews online.
FAQ (frequently asked Questions)
The place you live may influence your choice between these two banks.
The example of this is the Citi® Accelerate SavingsThis is a solid savings account that offers high yields, but it’s not available in California or Connecticut, Illinois, Maryland and Nevada. You will need to compare the rates if you reside in these states. Citi® Savings AccountCheck out Chase’s savings accounts to see which institution is your favorite.
Be aware of how the banks operate and what accounts you wish to open. Citi bundles its savings and checking accounts. Chase might be a good choice if you prefer only to open a savings or checking account.
Chase has over 4,700 branches across the US while Citi has over 690. If you live far from a branch, you can still open an online account.
