Today’s Citibank CD Rates

Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.

Citi CD Rates Review

Citi pays higher rates than the average CD. The minimum deposit for a Citi Fixed Rate CD is $500. You can still find more competitive CD rates listed in our best CD rates guide, though.

Citi Fixed Rate CD Rates

Citi Step Up CD Rates

Citi offers one term length for its Step Up CD: 30 months. This CD pays 0.05% to 0.15% APY.

Citi No Penalty CD Rates

Citi offers one term length for its No Penalty CD: 1 year. This CD pays 0.05% APY.

About Citi CDs

Citi Fixed Rate CD

Start saving

Citi, Member FDIC

Details

Annual Percentage Yield (APY)

0.05% to 4.75%

Minimum Deposit Amount

$500

Editor’s Rating

3.5/5

3.5 out of
5 Stars

Pros & Cons

Pros

A check mark. It indicates a confirmation of your intended interaction.

Range of CD terms

A check mark. It indicates a confirmation of your intended interaction.

Relatively low early withdrawal penalties

Cons

Rates vary depending on term

$500 to $2,500 opening deposit, depending on your state of residence

Must visit a branch to deposit more than $10,000

BBB gives Citi an F in trustworthiness

Highlights

More Information

• Terms ranging from 3 months to 5 years
• Early withdrawal penalties ranging from 90 to 180 days interest
• Earn 1.10% APY on a 6-month CD; Earn 4.05% to 4.75% APY on a 9-month; Earn 2.00% to 3.00% APY on an 11-month CD; Earn 4.05% APY on an 1-year CD or 18-month CD
• Earn 0.05% APY on other CD terms between 3 months and 10 months; Earn 0.10% APY on other CD terms between 13 months and 15 months and 30 months; Earn 2.50% APY on other CD terms between 2 years and 5 years
• $500 opening deposit

Additional Reading

Read our review

Citi has three types of CDs, each with a different purpose:

• Citi Fixed Rate CD: Terms range from three months to five years. When you open a CD, the rate is locked in until the CD matures.
• Citi Step Up CD This 30-month CD increases your rate every 10 months. Currently, the Step Up CD rate is higher than the Fixed Rate CD rate for a 30-month term, plus your rate will increase over time. However, if you want a CD with a term length other than 30 months, you’ll need to choose another type of CD.
• Citi No Penalty CD: Fixed Rate CDs and Step Up CDs charge a fee if you withdraw funds before your term ends. With a 1-year No Penalty CD, you can withdraw early without being penalized. Keep in mind, though, that your only option is a 1-year term, and the rate is slightly lower than the 1-year rate with a Fixed Rate CD.

Citi CDs FAQs

Methodology: How We Reviewed Citi CDs

We rate bank accounts on a scale from zero to five stars. For our Citi CD review, we used a CD methodology that looks at interest rates, minimum opening deposits, early withdrawal penalties, CD variety, customer support availability, mobile app ratings, and ethics of the company.

How Citi CDs Compare

We’ve compared Citi CD rates with rates at two banks with branches in many of the same states: Bank of America CDs and Capital One CDs.

Citi CD Rates vs. Bank of America CD Rates

Both Citi and Bank of America pay more than the average CD for a variety of terms. The best option for you may ultimately depend on which term you’ll like to open and how much money you plan to deposit. 

For example, a 9-month Citi Fixed Rate CD offers 4.05% APY for balances under $100,000 and 4.75% APY for balances of $100,000 or more. 

Bank of America’s highest APY is for a 7-month Bank of America Featured CD. You’ll need a minimum deposit of $100,000 or more to get the highest CD rate — 4.50% APY. You’ll get 4.20% APY for balances under $100,000. Bank of America also offers Fixed Rate CDs if you’re looking for more term options. Its 90 to 179-day terms also pay solid CD rates.

Citi CD Rates vs. Capital One CD Rates

Capital One 360 pays comparables rates to Citi. The best choice for you may hinge on which term you’d like to open.

As an added bonus, Capital One doesn’t have a minimum deposit for CDs, so you don’t need a lot of money to start saving.