Citibank CD rates

23

Citibank offers certificates of deposit across a wide variety of terms that you won’t find at many banks. You can choose from more than a dozen CD terms that range from as short as three months to as long as five years.While most of the big bank’s CDs have lackluster rates, Citi offers several CDs that are worth considering for their rates. One of the best rates requires a higher balance, so look closely at the account details before committing.Citibank earned a 4.1 out of 5 in Bankrate’s overall rating of the bank.Citibank CD ratesHere’s a closer look at Citibank’s fixed rate CDs. Note: Rates can vary by geography. The minimum deposit is $500 in most states; however, the minimum deposit is higher in certain states.

Term
Interest Rate
APY
Minimum deposit

3 months
0.05%
0.05%
$500

4 months
0.10%
0.10%
$500

5 months
0.25%
0.25%
$500

6 months
0.05%
0.05%
$500

7 months
0.05%
0.05%
$500

8 months
0.05%
0.05%
$500

9 months
0.05%
0.05%
$500

10 months
0.05%
0.05%
$500

11 months
0.05%
0.05%
$500

12 months
0.10%
0.10%
$500

13 months
0.10%
0.10%
$500

14 months
0.10%
0.10%
$500

15 months
0.10%
0.10%
$500

18 months
0.10%
0.10%
$500

24 months
0.10%
0.10%
$500

30 months
0.10%
0.10%
$500

36 months
0.10%
0.10%
$500

48 months
0.10%
0.10%
$500

60 months
0.15%
0.15%
$500

Note: The APYs (Annual Percentage Yield) shown are as of Nov. 13, 2020. The APYs for some products may vary by region.How Citibank CD rates compare to top-yielding banksMuch of Citibank’s strength when it comes to CDs is the variety of terms that it offers. You can easily use the bank to start a CD ladder, for instance. Otherwise, the rates the bank offers, by and large, are average. There are many worse options out there, but you can find higher APYs elsewhere.Delta Community Credit Union, Golden 1 Credit Union and Navy Federal Credit Union are among the brands offering top rates.Other savings options at CitibankIf you’re looking for more flexibility with your savings, Citibank offers two alternative types of CDs: step-up CDs and no-penalty CDs. Step-up CDs automatically increase your interest rate every ten months. No-penalty CDs offer a fixed rate, but give you the ability to withdraw your full balance and interest — without a penalty. Of course, this flexibility doesn’t come free, so you’ll earn a reduced interest rate compared to a standard CD.Citi also offers an online-only savings account that pays a great rate (higher than most of its CDs). It also offers a money market account with similarly high rates.

Comments are closed, but trackbacks and pingbacks are open.