Citibank CD rates

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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 ranging from as short as three months to as long as five years.

While most of the big banks’ 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 4.3 out of 5 in Bankrate’s overall rating of the bank.

Citibank CD rates

Here’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 0.05% 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 0.05% 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 Yields) shown are as of Aug. 20, 2021. The APYs for some products may vary by region.

How Citibank CD rates compare to top-yielding banks

Citibank’s strength when it comes to CDs is in the variety of terms it offers. You can easily use Citibank CDs to start a CD ladder, for instance. Otherwise, the rates the bank offers, by and large, are average. There are many worse options on the market, but you can find higher APYs elsewhere.

Delta Community Credit Union, Golden 1 Credit Union and Navy Federal Credit Union are among the institutions offering top rates.

Other savings options at Citibank

If 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 10 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 without a cost, so you’ll earn less interest than you would with a standard CD.

Citi also offers an online-only savings account that pays a rate that’s higher than most of its CDs. It also offers a money market account with similarly high rates.

Written by
Libby Wells
Contributing writer
Libby Wells is a contributor covering banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications.
Edited by
Senior wealth editor