Citibank’s roots stretch back to the City Bank of New York, which was established in 1812. By the late 19th century, it had grown into National City Bank, the largest financial institution in the United States at that time. The bank changed its name to Citibank in 1976 moved to its current headquarters in Sioux Falls, South Dakota in 2011.
Citibank is the retail banking subsidiary of the multinational financial services company, Citigroup. There are around 700 Citibank branches in the U.S. and more than 1,800 overseas. Account holders have access to more than 65,000 fee-free ATMs in the U.S. and thousands more overseas.
Customers are offered five tiers of banking service packages — access account, basic banking, the Citibank account, Citi priority, and Citigold — with APYs and fees depending on their combined average account balances. Customers may link their checking, savings and retirement accounts to factor their average account balances.
This bank is good for customers looking for an institution with global reach and the fullest possible range of deposit and lending products. People who want the best deposit rates available should look elsewhere.