Bank of America vs Citibank
Bank of America
Total Assets
$2.6 billion
Bank of America
$1.7 billion
Citibank
Digital Banking
4.5/5
Bank of America
4.4/5
Citibank
Customer Service
4.1/5
Bank of America
4.1/5
Citibank
Best Savings Rate
0.01%
Bank of America
0.05%
Citibank
Detailed Comparison
Checking Account Comparison
Bank of America Checking Accounts
| Account | Monthly Fee | Min Balance | Overdraft Fee |
|---|---|---|---|
| Advantage Plus Banking | $12 | $1,500 | $35 |
Citibank Checking Accounts
| Account | Monthly Fee | Min Balance | Overdraft Fee |
|---|---|---|---|
| Access Checking | $10 | $1,500 | $35 |
Savings Account Comparison
Bank of America Savings Accounts
| Account | APY | Type | Monthly Fee |
|---|---|---|---|
| Advantage Savings | 0.01% | Regular | $8 |
Citibank Savings Accounts
| Account | APY | Type | Monthly Fee |
|---|---|---|---|
| Citi Savings | 0.05% | Regular | $5 |
APY Comparison
Annual Percentage Yield (APY) shows the effective annual yield accounting for compound interest. Higher APY means more earnings on your deposits. Rates are accurate as of 8/2/2025 and may change based on market conditions.
Credit Card Comparison
Bank of America Credit Cards
| Card | Annual Fee | APR Range | Rewards |
|---|---|---|---|
| Customized Cash Rewards Cash Back | No annual fee | 15.99% - 25.99% | 3% cashback $200 cash back |
Citibank Credit Cards
| Card | Annual Fee | APR Range | Rewards |
|---|---|---|---|
| Double Cash Cash Back | No annual fee | 15.99% - 25.99% | 2% cashback $200 cash back |
Mortgage Comparison
Bank of America Mortgage Products
| Mortgage Type | Interest Rate | APR | Term |
|---|---|---|---|
| 30 Year Fixed | 6.30% | 6.45% | 30 years |
Citibank Mortgage Products
| Mortgage Type | Interest Rate | APR | Term |
|---|---|---|---|
| 15 Year Fixed | 6.00% | 6.15% | 15 years |
Rate Information
Mortgage rates are subject to change based on market conditions and individual financial profiles. APR includes the interest rate plus other costs such as origination fees, discount points, and other closing costs. Contact each lender for personalized quotes based on your specific situation.
Strengths and Weaknesses
Bank of America
Strengths
- Excellent digital banking experience
- Superior customer service
- Larger branch network
- More ATM locations
- More competitive fee structure
Weaknesses
- Lower savings account rates
Citibank
Strengths
- Excellent digital banking experience
- Superior customer service
- Higher savings account rates
Weaknesses
- Smaller branch network
- Fewer ATM locations
Which Bank is Right for You?
Choosing between Bank of America and Citibank depends on your specific banking needs and preferences. Here's a quick guide to help you decide:
Choose Bank of America if you value:
- Better digital banking experience
- Lower fees and account costs
- Access to more physical branch locations
- Wider ATM network
Choose Citibank if you value:
- Higher interest rates on savings
Customer Profile Considerations
Bank of America might be better for:
- • Customers who prefer in-person banking
- • Fee-conscious customers
- • Tech-savvy customers
Citibank might be better for:
- • Savers looking for higher yields
- • Tech-savvy customers
Ready to Open an Account?
Compare specific account options from these banks
Rate Comparison Tools
Use our comparison calculators to see which bank offers better returns on your deposits or lower costs on loans.
Compare RatesRead User Reviews
See what actual customers are saying about their experiences with these banks.