Citibank offers a wide selection of CDs, giving consumers more variety of terms than they’ll get at most other banks.
However, the yields are low compared with other banks.
The minimum deposit to open a CD is $500 in most states. In some areas, there might be a higher minimum opening deposit requirement.
Early withdrawal penalties are standard in all markets: 90 days of interest for 1-year CDs and 180 days of interest for 5-year CDs.