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Home Personal Finance

Today’s Citibank CD Rates

by DTB
May 11, 2023
in Personal Finance
Reading Time: 44 mins read
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Today's Citibank CD Rates
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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

Term APY
3 months 0.05% APY
4 months 0.05% APY
5 months 0.05% APY
6 months 1.10% APY
7 months 0.05% APY
8 months 0.05% APY
9 months 4.05% to 4.75% APY
10 months 0.05% APY
11 months 2.00% to 3.00% APY
1 year 4.05% APY
13 months 0.10% APY
14 months 0.10% APY
15 months 0.10% APY
18 months 4.05% APY
2 years 2.50% APY
30 months 0.10% APY
3 years 2.50% APY
4 years 2.50% APY
5 years 2.50% APY

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
3.5/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

3.5 out of
5 Stars



Annual Percentage Yield (APY)
0.05% to 4.75%


Minimum Deposit Amount
$500

Start saving
Citi, Member FDIC

View Full Details

Citi Citi Fixed Rate CD

Citi Fixed Rate CD
3.5/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

3.5
out
of
5 Stars



Annual Percentage Yield (APY)
0.05% to 4.75%


Minimum Deposit Amount
$500

View Full Details

Start saving
Citi, Member FDIC

Citi Fixed Rate CD

Citi 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

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

3.5 out of
5 Stars

Pros & Cons
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Pros

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

Range of CD terms

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

Relatively low early withdrawal penalties

Cons
Dash icon A dash. It often indicates an interaction to shrink a section.

Rates vary depending on term

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

Dash icon A dash. It often indicates an interaction to shrink a section.

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

Dash icon A dash. It often indicates an interaction to shrink a section.

BBB gives Citi an F in trustworthiness

Highlights
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

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
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Read our review
Read Our Review A looong arrow, pointing right

Citi Citi No Penalty CD

Citi No Penalty CD
3.75/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

3.75 out of
5 Stars



Annual Percentage Yield (APY)
0.05%


Minimum Deposit Amount
$500

Start saving

Citi, Member FDIC

View Full Details

Citi Citi No Penalty CD

Citi No Penalty CD
3.75/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

3.75
out
of
5 Stars



Annual Percentage Yield (APY)
0.05%


Minimum Deposit Amount
$500

View Full Details

Start saving

Citi, Member FDIC

Citi No Penalty CD

Citi Citi No Penalty CD

Start saving

Citi, Member FDIC


Details


Annual Percentage Yield (APY)
0.05%


Minimum Deposit Amount
$500
Editor’s Rating

3.75/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

3.75 out of
5 Stars

Pros & Cons
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Pros

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

$500 minimum opening deposit

Cons
Dash icon A dash. It often indicates an interaction to shrink a section.

Only term option is 12 months

Dash icon A dash. It often indicates an interaction to shrink a section.

BBB gives Citi an F in trustworthiness

Highlights
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

More Information
  • Over 650 branches
  • May open a 12-month CD term online
  • May withdraw your full balance and interest at any time 6 days after opening an account
  • Interest compounded daily, deposited monthly
  • FDIC insured
Additional Reading
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Read our review
Read Our Review A looong arrow, pointing right

Citi Citi Step Up CD

Citi Step Up CD
3.25/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

3.25 out of
5 Stars



Annual Percentage Yield (APY)
0.05% to 0.15%


Minimum Deposit Amount
$500

Start saving

Citi, Member FDIC

View Full Details

Citi Citi Step Up CD

Citi Step Up CD
3.25/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

3.25
out
of
5 Stars



Annual Percentage Yield (APY)
0.05% to 0.15%


Minimum Deposit Amount
$500

View Full Details

Start saving

Citi, Member FDIC

Citi Step Up CD

Citi Citi Step Up CD

Start saving

Citi, Member FDIC


Details


Annual Percentage Yield (APY)
0.05% to 0.15%


Minimum Deposit Amount
$500
Editor’s Rating

3.25/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star

3.25 out of
5 Stars

Pros & Cons
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Pros

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

Low minimum opening deposit

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

Get a rate increase every 10 months

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

Standard early withdrawal penalties

Cons
Dash icon A dash. It often indicates an interaction to shrink a section.

Low interest rate

Highlights
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

More Information
  • Earn 0.05% APY during your first 10 months, 0.10% APY for months 11 through 20, and 0.15% APY on months 21 though 30
  • For CD terms of 1 year or greater, the early withdrawal penalty is 180 days of simple interest
  • Interest compounded daily and deposited monthly
  • FDIC insured
Additional Reading
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Read our review
Read Our Review A looong arrow, pointing right

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


Are Citi CDs a good investment? 


Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Citi might be worth considering if you are looking for CDs that pay more than the average and have a minimum of $500. If you plan on opening multiple products at the same financial institution, Citi also may be a good choice. Citi has a variety of bank accounts, credit cards, and loan options.


What is the minimum opening deposit for a Citi CD? 


Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Citi Fixed Rate CDs, Step Up CDs, and No Penalty CDs require a minimum opening deposit of $500.


Are Citi CDs FDIC-insured? 


Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Yes, Citi CDs are FDIC-insured for up to $250,000 per depositor.

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.

How Citi compare to competitors
  • Citi Fixed Rate CD
  • Bank of America Featured CD
  • Capital One 360 CD
Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Editor’s Rating
3.5/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star


Annual Percentage Yield (APY)


Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

0.05% to 4.75%

Minimum Deposit


Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

$500
Editor’s Rating
3.25/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star


Annual Percentage Yield (APY)


Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

0.05%

Minimum Deposit


Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

$10,000
Editor’s Rating
4.5/5

A five pointed star

A five pointed star

A five pointed star

A five pointed star

A five pointed star


Annual Percentage Yield (APY)


Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

3.30% to 4.30%

Minimum Deposit


Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

$0

Start saving


Citi, Member FDIC

Start saving


Bank of America, Member FDIC

Start saving


Capital One, Member FDIC

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.


Laura Grace Tarpley, CEPF
Personal Finance Reviews Editor

Laura Grace Tarpley (she/her) is a personal finance reviews senior editor at Insider. She oversees coverage about mortgage rates, refinance rates, lenders, bank accounts, investing, retirement , and borrowing and savings tips for Personal Finance Insider. She was a writer and editor for Insider’s “The Road to Home” series, which won a Silver award from the National Associate of Real Estate Editors. She is also a Certified Educator in Personal Finance (CEPF).
She has written about personal finance for seven years. Before joining the Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU. You can reach Laura Grace at ltarpley@insider.com.
Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services »


Evelyn He
Compliance Associate

Evelyn He is a compliance associate at Insider who supports the Personal Finance Insider team. Personal Finance Insider is Insider’s personal finance section that incorporates affiliate and commerce partnerships into the news, insights, and advice about money that Insider readers already know and love.
The compliance team’s mission is to provide readers with stories that are fact-checked and current, so they can make informed financial decisions. The team also works to minimize risk for partners by making sure language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team.
Before joining Insider, she served in various legal and compliance roles in different industries, including the legal and pharmaceutical industries.   
Evelyn obtained her M.S. degree in Marketing at Boston University in 2022. Prior to combining and consolidating her knowledge of law and business, she spent one year finishing 1L courses at Suffolk University Law School to further her legal knowledge. She has also completed MBA business law courses while working on her Bachelor of Business Administration in Management at the University of Massachusetts, Amherst. 
Outside of work, she enjoys spending time with her 14-year-old Shih Tzu named Money, and her 4-year-old Bichon named Tibber.


Sophia Acevedo, CEPF
Banking Reporter

Sophia Acevedo is a banking reporter at Insider. She covers bank reviews, banking guides, and banking and savings articles for Personal Finance Insider. She is also a Certified Educator in Personal Finance (CEPF).
Sophia joined Insider in July 2021 and is an alumna of California State University Fullerton where she studied journalism and minored in political science. She is based in Los Angeles. 
You can reach out to her on Twitter at @sophieacvdo or email sacevedo@insider.com.
Read more about how Personal Finance Insider chooses, rates, and covers financial products and services >>
Below are links to some of her most popular stories:

  • Are banks open today? Here’s a list of US bank holidays for 2023
  • Best CD rates
  • Best High-yield savings accounts
  • These banks and credit unions allow you to exchange foreign currency at a branch, over the phone, or online
  • Four reasons why your debit card might be denied even when you have money


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