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 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 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 0.20% 0.20% $500
4 months 0.30% 0.30% $500
5 months 0.05% 0.05% $500
6 months 0.10% 0.10% $500
7 months 0.10% 0.10% $500
8 months 0.10% 0.10% $500
9 months 0.10% 0.10% $500
10 months 0.10% 0.10% $500
11 months 0.10% 0.10% $500
12 months 0.20% 0.20% $500
13 months 0.10% 0.10% $500
14 months 0.10% 0.10% $500
15 months 0.10% 0.10% $500
18 months 0.15% 0.15% $500
24 months 0.15% 0.15% $500
30 months 0.10% 0.10% $500
36 months 0.15% 0.15% $500
48 months 0.15% 0.15% $500
60 months 0.20% 0.20% $500

Note: The APYs (Annual Percentage Yield) shown are as of Sept. 10, 2020. The APYs for some products may vary by region.

How Citibank CD rates compare to top-yielding banks

Much 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.

Ally Bank, Marcus by Goldman Sachs, or CIT Bank are among the brands 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 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.