Bank of America vs. Citibank: Which Is Best for You?

Editor’s note: Some of the information on this page may be outdated as of the publication date.

Citibank and Bank of America both offer what national banks are known for: convenience over high savings rates. Each has a wide range of accounts and extensive ATM access, plus perks such as top-shelf technology, but their accounts don’t earn much interest.

Here’s a quick look at how Bank of America and Citibank compare.

Snapshot comparison

Choose Bank of America if:

• You want access to more branches.

Choose Citibank if:

• You want a larger ATM network.

• You want to avoid overdraft fees.

• You’ll need live customer service by phone during irregular hours.

Or go with an alternative

Unlike these brick-and-mortars, online banks don’t offer a lot of — if any — branches. But online banks do have excellent annual percentage yields, or APYs, that make your savings grow faster, no matter where you live. And fees tend to be low or nonexistent.

» Want to know more? Check out NerdWallet’s best high-yield online savings accounts

Bank of America vs. Citibank: Basic checking accounts

» See more options on our list of best checking accounts

Bank of America vs. Citibank: Basic savings accounts

» For more great options, check out NerdWallet’s best savings accounts

Bank of America vs. Citibank: Certificates of deposit

» To compare, see the latest top CD rates

Bank of America vs. Citibank: Banking experience

Bank of America vs. Citibank: Overdraft fees

» Check out the banks that have recently reduced or eliminated overdraft fees

Should you choose Bank of America or Citibank?

Like most of the best national banks, Bank of America and Citibank offer convenience. Generally, the interest rates at both banks are low, though Citibank offers a highly competitive savings rate in some states. Ultimately, the best bank for you will depend on your location, preferences and financial circumstances.