Citibank Certificates of Deposit Reviews (Sep. 2020) | CD Accounts

Highlights
Minimum Initial Deposit	$500
Deposit Term	3 months 6 months 9 months 12 months 13 months 18 months 2 years 3 years 4 years 5 years
APY (Annual Percentage Yield)	0.25% - 0.45%

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).

Citibank Certificates of Deposit FAQ

Are cd accounts from Citibank federally insured?

Yes, your Citibank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Citibank offer?

IRA
Jumbo
Traditional

What APY does Citibank offer on its CDs?

Citibank Certificates of Deposit offers an APY starting at 0.25% and ranging up to 0.45% (APY stands for annual percentage yield, rates may change).

What types of terms does Citibank Certificates of Deposit offer?

Citibank offers CD terms of the following lengths:

Citibank Certificates of Deposit Rates & Terms
Description
APY (Annual Percentage Yield)	0.25% - 0.45%
APY Type	Fixed APY
3-Month APY	0.45%
6-Month APY	0.45%
11-Month APY	N/A
12-Month APY	0.25%
2-Year APY	0.20%
3-Year APY	0.2%
4-Year APY	0.20%
5-Year APY	0.25%
7-Year APY	N/A

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

Citibank Certificates of Deposit requires a minimum initial deposit of $500 to open an account.

What types of early withdrawal penalties does Citibank Certificates of Deposit charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

Citibank does not charge an early withdrawal fee.

Citibank Certificates of Deposit Fees
Description
Annual Fee	N/A
Transfer Fee	N/A
Rollover Fee	N/A
Early Withdrawal Fee Amount	N/A

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