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At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. Bankrate logo The Bankrate promise
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Citibank offers certificates of deposit across a wide variety of terms not found at many banks. Customers have ample flexibility when choosing term lengths, spanning three months to five years. Though big banks’ often have lackluster rates, Citi offers several CDs that are worth considering. The highest rates offered are for the longest CD term. earned a 4.3 out of 5 in Bankrate’s overall rating of the bank, while Citibank CDs earned 4 out of 5 stars. Citibank CD rates
There are many different term lengths for Citibank CDs with varying rates. Interest earned on CDs with a term length of one year or less is paid either monthly or at the end of the term. For CDs with a term length greater than one year, interest is paid monthly. Here’s a closer look at Citibank’s fixed-rate CDs. Term Interest Rate APY Minimum deposit 3 months 0.05% 0.05% $500 4 months 0.05% 0.05% $500 5 months 0.05% 0.05% $500 6 months 0.05% 0.05% $500 7 months 0.05% 0.05% $500 8 months 0.05% 0.05% $500 9 months 0.40% 0.40% $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: Annual percentage yields (APYs) shown are as of Jan. 27, 2022, and may vary by region and deposit amount for some products. Citibank also offers two other CD types: a and a . The Step Up CD is a 30-month term CD that accrues interest at varying rates depending on what period the CD is in. The rates for each period are: 0.05 percent for the first one to 10 months. 0.1 percent for 11 to 20 months. 0.15 percent for 21 to 30 months. The composite APY for the Step Up CD’s total term length is 0.1 percent. The No Penalty CD is a option that allows you to withdraw the full balance before the end of the term. Withdrawals from the No Penalty CD must be made no earlier than six days after the $500 minimum deposit is made into the account, and partial withdrawals are not permitted. The No Penalty CD has an APY of 0.05 percent and may be a good option for those who prioritize access to their funds without penalty over a lower yield. How Citibank CD rates compare to top-yielding banks
Citibank’s strength when it comes to CDs is the variety of terms it offers, which makes it easy to start a . Otherwise, the rates the bank offers are average. If you’re interested in exploring options beyond branch banking, you can find higher APYs at and credit unions. , and are among institutions offering top rates. Other savings options at Citibank
Citibank also offers an that pays a rate that’s higher than most of its CDs, but it is unavailable in select markets. Additionally, the bank’s savings accounts come with a variety of package options. Learn more: SHARE: Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications. David Schepp is a wealth editor for Bankrate, focusing on deposits and consumer banking content. Related Articles