TIAA Bank vs Citibank

TIAA Bank is an online bank offering high rates if you have a large deposit. How does it compare to Citibank? Read our comparison chart below.

TIAA Bank promises to deliver a yield in the top 5% of competitive accounts for their Yield Pledge accounts. Checking requires a minimum of $100. Money Market Account requires a minimum opening deposit of $500. High APY. All accounts have no monthly service fees.

While Citibank has over 700 branches across the United States. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

Compare TIAA Bank with Citibank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	TIAA Bank	Citibank
		OFFER Checking with Enhanced Direct Deposit - $300 Cash Bonus Read Citibank Review
	Benefits and Features
Savings		Citi® Accelerate High-Yield Savings: Available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois. Citi® Savings: Available in CA, CT, DC, MD, NV, NJ, NY, VA, and select markets in Florida and Illinois.
CD	Basic CD: 3.95% - 5.25% APY. Terms of 3 months to 5 years. Minimum deposit of $1,000. No monthly service fee.
Checking	Yield Pledge Checking: Up to 0.25% APY. Minimum deposit of $100. No monthly service fee.
Money Market	Up to 4.75% APY. No monthly service fee. Minimum deposit of $500.
ATMs		More than 70,000 fee-free ATMs at Citi branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo.
Customer Service		24/7 Live Customer Service (Telephone)
IRA CD
IRA Money Market
Locations		More than 700 Citibank branches (concentrated in New York, Chicago, Los Angeles, San Francisco, Washington DC and Miami)
	CreditDonkey® Reviews
Savings
CD
Checking
Money Market
Mobile App
Customer Service
Pros & Cons	Pros: High APY No monthly service fees Refund ATM fees Cons: Large minimum deposit	Pros: Perks for high balance customers Many fee-free ATMs Global presence Cons: No free checking option Higher balance requirements Low savings APY
Bottom Line	Online bank offering high rates if you have a large deposit... Read full review	Large national bank best for high balance customers... Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. TIAA Bank: Pricing information from published website as of 09/02/2023. Citibank: Pricing information from published website as of 04/09/2024. This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

Which is Better: TIAA Bank or Citibank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing TIAA Bank or Chase.

In short: TIAA Bank's savings, cd, checking, and customer service are worth mentioning. In particular, the customer service is impressive. Citibank's mobile app is noteworthy.

Articles on TIAA Bank

TIAA Bank Review

If you have a large opening deposit, TIAA Bank provides a variety of options at high rates. But there are downsides. Read on to see if it's right for you.