Website: http://www.citibank.com

Authority: Citibank, N.A or commonly branded as 'Citi' is a major US based national chartered bank. It is a subsidiary of the international financial services and banking group Citigroup which was founded in 1812. It is listed on NYSE as Citigroup Inc.: NYSE:C. According to the FDIC in 2012 it has 1052 Domestic Offices/Branches within 17 US states (as well as Guam and Puerto Rico). In particular it has over 700 branches within California, New York and Texas.  Citibank's savings product such as the 'Day-to-Day Savings' is FDIC Insured. 

How to open a US Citibank Savings Account:

- You can apply for the account in real time on Citi's website at either: http://www.citibank.com or http://www.citi.com

- For questions on opening this product you can call them by telephone on 1-800-374-9500

- With a significant amount of branches across the country especially in CA, TX and NY, you can open this account directly at a Citi physical branch location. To find the closest branch in your state or city you can visit the Citi website.

What details are required and requested when opening a Citi Savings Account on the website:

Citi states on its online application form that it requires a person to be a U.S citizen or resident alien, be at least 18 years of age or older and provide identification such as a state issued ID or U.S driver's license and Social Security Number. Citi may ask you to certify your tax status and an initial deposit of funds to the account.

Information on Citibank Savings Account Interest Rates:

When setting their interest rates on savings accounts, large banks like Citibank consider a number of factors in its financial modeling when determining the appropriate rate. A significant factor in particular is the Federal Reserve who as an independent central bank authority sets monetary policy for the US economy. When increasing or decreasing this 'Fed Funds' rate it can potentially raise or lower rates Citi savings interest rates. 

However it is also influenced by other factors including but limited to net interest margins, funding and liquidity requirements, government regulations (FDIC) and competition.  While Citibank has a significant presence in the U.S in its markets, maintaining such a large physical presence compared to other online competitors can put pressures on rates. Also because savings account products are highly liquid, the rates tend to be lower then that of Citi CDs for example.

The current interest rate provided below was calculated for the the Citi ' Savings' account for the CA region. Please note charges may apply if you dont a certain minimum balance.  For any promo rates you may need to meet eligibility criteria set out by Citi. 

This was a promo rate from 500k to 999k