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  Citibank Certificates of Deposit
Citibank Certificates of Deposit
in CD Accounts from Citibank
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Citibank Certificates of Deposit

Unaffiliated
in CD Accounts from Citibank
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Highlights
Minimum Opening Deposit Starting at $500
Certificate Term
  • 3 months
  • 6 months
  • 9 months
  • 11 months
  • 12 months
  • 13 months
  • 15 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.05% - 0.25%

Citibank Certificates of Deposit Review

Citibank Certificates of Deposit is offered by Citibank, a bank founded in 1812 and based in New York, NY. Citibank Certificates of Deposit is available in 50 states (and Washington, DC).

Key Takeaways
  • Small selection of CD account types. Citibank CD only offers traditional and bump up CDs.
  • Very high APY. This account offers an annual percentage yield of up to 0.25%, which is much higher than the national average for a CD account.
  • $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Wide selection of CD terms. Citibank CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Citibank Certificates of Deposit
Pros Cons
  • Multiple CD terms available.
  • Available in all 50 states.
  • High-interest yield.
  • Not FDIC-insured.
  • There isn't a no-penalty CD option.
  • Does not offer an IRA CD.
Citibank Certificates of Deposit FAQ

Are cd accounts from Citibank federally insured?

No, your Citibank cd accounts are not insured by a federal insurance agency. This means that if Citibank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What types of CDs does Citibank offer?

Citibank CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.

What CD rates does Citibank offer on its CDs?

Citibank CD offers an APY starting at 0.05% and ranging up to 0.25%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Citibank CD offer?

Citibank offers CD terms of the following lengths:
Citibank Certificates of Deposit Rates & Terms
Description
APY (Annual Percentage Yield) 0.05% - 0.25%
3-Month APY 0.05%
6-Month APY 0.05%
12-Month APY 0.1%
2-Year APY 0.1%
3-Year APY 0.1%
4-Year APY 0.1%
5-Year APY 0.15%

What is the minimum deposit to open a CD account with Citibank?

Citibank CD requires a minimum deposit of $500 to open an account.

What is the grace period for Citibank CD?

There is a 7-day grace period for Citibank CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 7-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Citibank CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Citibank does not charge an early withdrawal fee.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 10:00am - 3:00pm

Other Services by Citibank

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L.L.Bean Mastercard Credit Card

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Citi® Diamond Preferred Card

Citi Prestige Card

Citi® Double Cash Card

Citi® / AAdvantage® Platinum Select® World Elite Mastercard® Credit Card

Citi Hilton HHonors Reserve Card

Citi® / AAdvantage® Executive World Elite Mastercard®

Expedia® Rewards Card from Citi

Costco Anywhere Visa Card by Citi

Goodyear Credit Card

My Best Buy® Visa®

Big O Tires® and Service Credit Card

Bjorn's Credit Card

Bloomingdale's American Express® Card

Brand Source Credit Card

Brooks Brothers Platinum Mastercard®

Toro-Exmark Credit Card

Exxon Mobil Smart Card+

Citi® Secured Mastercard® Credit Card

Citi Premier® Credit Card

Home Depot Credit Card

American Airlines AAdvantage® MileUp Mastercard®

Macy's Credit Card

Office Depot Personal Credit Account

Jewelers Reserve Credit Card

Quick Lane Credit Card

Shell Fuel Rewards® Card

Shell | Fuel Rewards® Mastercard®

Sears Card®

Sears Shop Your Way Mastercard®

Staples® Personal More Account

Tractor Supply Company Credit Card

Macy's American Express® Card

NTB Credit Card

Exxon Mobile Business Card

Honda Powersports Credit Card

Volkswagen Service Credit Card

Ford Service Credit Card

Lincoln Owner Credit Card

Citi Rewards+® Credit Card

AT&T Access Card from Citi

Citi Rewards+ Student Card

Citi Dividend Card for College Students

Citi Forward Visa Card

Citi ThankYou Preferred Card for College Students

Expedia® Rewards Voyager Credit Card

Wawa® Credit Card

Citi Custom Cash

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $500
APY (Annual Percentage Yield) 0.05% - 0.25%
3-Month APY 0.05%
6-Month APY 0.05%
12-Month APY 0.1%
2-Year APY 0.1%
3-Year APY 0.1%
4-Year APY 0.1%
5-Year APY 0.15%
CD Accounts
  • Traditional
  • Bump Up
Grace Period for Account Changes 7 days
Certificate Term
  • 3 months
  • 6 months
  • 9 months
  • 11 months
  • 12 months
  • 13 months
  • 15 months
  • 18 months
  • 2 years
  • 30 months
  • 3 years
  • 4 years
  • 5 years

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