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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.
  • No charge on incoming domestic or international wire transfers.
  • 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
2-Year APY 0.1%
3-Month APY 0.05%
3-Year APY 0.1%
4-Year APY 0.1%
5-Year APY 0.15%
6-Month APY 0.05%
12-Month APY 0.1%
APY (Annual Percentage Yield) 0.05% - 0.25%

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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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

Availability

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

Feature Breakdown

Minimum Opening Deposit Starting at $500
2-Year APY 0.1%
3-Month APY 0.05%
3-Year APY 0.1%
4-Year APY 0.1%
5-Year APY 0.15%
6-Month APY 0.05%
12-Month APY 0.1%
APY (Annual Percentage Yield) 0.05% - 0.25%
CD Accounts
  • Bump Up
  • Traditional
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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