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’ CDs often have lackluster rates, Citi offers several CDs that are worth considering.

Citibank earned a 4.5 out of 5 stars in Bankrate’s overall rating of the bank, while Citibank CDs earned 4.9 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 APY Minimum deposit
3 months 0.05% $500
4 months 0.05% $500
5 months 0.05% $500
6 months 1.10% $500
7 months 0.05% $500
8 months 0.05% $500
9 months* 4.05% $500
9 months* 4.75% $100,000
10 months 0.05% $500
11 months** 2.00% $500
11 months** 3.00% $100,000
12 months* 4.05% $500
13 months 0.10% $500
14 months 0.10% $500
15 months 0.10% $500
18 months* 4.05% $500
24 months 2.50% $500
30 months 0.10% $500
36 months 2.50% $500
48 months 2.50% $500
60 months 2.50% $500

*Currently a featured rate. For the nine-month CD, balances under $100,000 earn 4.05 percent APY and balances $100,000 or more earn 4.75 percent APY.

** For the 11 month CD, balances under $100,000 earn 2 percent APY and balances $100,000 or more earn 3 percent APY.

Note: Annual percentage yields (APYs) shown are as of May 10, 2023, and may vary by region and deposit amount for some products.

Citibank also offers two other CD types: a Step Up CD and a No Penalty CD. 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 one-year term CD 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 seven days after the $500 minimum deposit is made into the account, and partial withdrawals are not permitted.

The No Penalty CD has a yield of 0.05 percent APY for those who prioritize access to their funds without penalty.

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 CD ladder. Otherwise, the rates the bank offers are average, though some terms offer very competitive yields. If you’re interested in exploring options beyond branch banking, you can find higher APYs at online banks and credit unions. You can find higher APYs at online banks and credit unions, if you’re interested in exploring options beyond branch banking.

Other savings options at Citibank

Citibank also offers an online-only savings account that pays a rate that’s higher than most of its CDs, but it’s unavailable in select markets. Additionally, the bank’s savings accounts come with a variety of package options.