Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
N/A
Minimum Opening Deposit
Starting at $1,000
Certificate Term
- 1 month
- 3 months
- 6 months
- 9 months
- 11 months
- 12 months
- 13 months
- 15 months
- 16 months
- 18 months
- 19 months
- 2 years
- 25 months
- 27 months
- 28 months
- 30 months
- 31 months
- 3 years
- 37 months
- 39 months
- 42 months
- 43 months
- 4 years
- 49 months
- 55 months
- 58 months
- 59 months
- 5 years
City Bank Certificate of Deposit Review
City Bank Certificate of Deposit are offered by City Bank, a credit union founded in 1941 and based in Lubbock, TX. City Bank CD are available in 2 states.
Key Takeaways
- Small selection of CD account types. City Bank CD only offers IRA and traditional CDs.
- $1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
- Wide selection of CD terms. City Bank 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 City Bank Certificate of Deposit
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City Bank Certificate of Deposit FAQ
Are CD from City Bank federally insured?
Yes, your City Bank CDs 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 City Bank offer?
City Bank CD provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
- IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but City Bank CD offers a CD that is specifically for retirement.
What rates does City Bank offer on its CDs?
What terms does City Bank CD offer?
City Bank offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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What is the minimum deposit to open a CD account with City Bank?
City Bank CD require a minimum deposit of $1,000 to open an account.
What is the grace period for City Bank CD?
City Bank CD does not specify what their grace period is. 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 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 City Bank 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 term ends.
City Bank charges an early withdrawal fee.
City Bank does charge any of the fees we track.
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Hours of Operation
Sunday
Closed
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Saturday
Closed