Citibank ultimate savings account at 1.75%APY

Citibank Ultimate Savings Account is at 1.75%APY. Depositors should not only take into consideration the high yield savings account rate offered but likewise the minimum opening deposit requirement as well as its corresponding fees and charges.

Citibank’s minimum opening deposit for the ultimate savings account is only $100 which is  low compared to other banks. With this amount, a depositor will start to accumulate interest earnings. The account is only available online or by phone. It does not require a checking account to open and there is no monthly maintenance fee.

The best part is you may be eligible to receive Thank You Rewards Points, a no-fee rewards program of Citibank.

Update 1: Citibank ultimate savings account rate as of June 13, 2009.

Citibank changed its ultimate savings rate offer of 1.75%APY in April to 1.40%APY. The rate is down by0.35%APY.

Update 2: Citibank ultimate savings account rate as of August 1, 2009.

Citibank ultimate savings account rate is down. It is now only 1.30%APY.

Update 8/14/09:

Citibank Ultimate Savings Account is down by 0.05%APY or 1.25%APY.

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