You’ve most likely heard of Capital One and Citibank, but which one is better? Capital One offers competitive rates on their savings account. On the other hand, Citibank is best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.
Although both banks have their perks, be sure to keep reading to learn which bank is better for you: Capital One or Citibank.
| BONUS LINK | OFFER | REVIEW |
| Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $100 Cash | Review |
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| Citibank | Capital One | |
| Locations | 700 Citibank branches across 13 states (mostly in California and New York) | Online Only |
| ATMs | 2400 ATMs across the country. Citibank also works at all MoneyPass ATMs, which means access to over 60,000 no-fee ATMs. | Over 39,000 no-fee Capital One & Allpoint ATMs |
| Savings | 3/5 | 3.2/5 |
| CD | 3/5 | — |
| Checking | 3/5 | 5/5 |
| Money Market | — | 4/5 |
| Customer Service | 4/5 | 4.2/5 |
| Mobile App | 4.5/5 | 4.2/5 |
| Pros | -Perks for high balance customers -Many fee-free ATMs -Global presence |
-Overdraft protection options -No account minimum -27 Capital One cafes for in-person support |
| Cons | -No free checking option -Higher balance requirements -Low savings APY |
-Low savings APY |
| Bottom Line | Citibank has a large number of branches and ATMs, but it’s a bank geared towards those with high balances in their deposit accounts. | Capital One 360 provides multiple banking products, allowing you to satisfy all your banking needs in one place if you so choose. |
Promotions from Capital One
- 360 Checking: A fee-free online checking account you can use anytime, anywhere.
- MONEY Teen Checking: A teen checking account with zero fees. Seriously.
- Performance Savings: This account earns 1.50% APY. Minimum deposit $150,000 or more and there are no monthly service fees
- Certificate of Deposit
- Standard Term CD: 0.60% – 2.20% APY. Terms ranging from 6 month – 60 months. Minimum deposit of $2,500.
- Money Market: 0.50% APY, on balance of $100,000+.
Citibank Promotions
- Citibank Checking: Open a Citi® checking account and enjoy benefits such as mobile check deposit, online bill pay, linked accounts and much more.
- Citi Accelerate Savings. There is no limit on earnings and no minimum opening deposit required to earn this amazing rate.
Conclusion
Now, with this bank guide, you’ll be able to see which bank is better for you. Overall, when you open a new bank account with any bank, it’s best to do some digging before you settle. Plus, there are several features and benefits that come with each account. However, Capital One seems to have more to offer when it comes to rates and account perks.
