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Citibank (Member FDIC) may be known for offering some of the best credit cards out there, but how do its CD rates stack up to other financial institutions?
The national bank has Fixed Rate, Step Up, and No-Penalty CDs. Citi CD rates will largely vary depending on the type of CD and term you want.
Citi CD Rates
Citi Fixed Rate CD Rates
Citi Fixed Rate CDs range from three months to five years. When you open a CD, the rate is locked in until the CD matures.
Citi pays low CD rates on only most terms, though there are a few exceptions, including its 9-month, 1-year, and 15-month terms.
The minimum deposit for a
Citi products may vary depending on where you live. For the following Citi CD rates, we used a zip code for New York City, New York:
| Term | APY (Annual Percentage Yield) |
| 3 months | |
| 4 months | 0.05% |
| 5 months | 0.05% |
| 6 months | |
| 7 months | 0.05% |
| 8 months | 0.05% |
| 9 months | 4.30% to 4.90% |
| 10 months | 0.05% |
| 11 months | 0.05% |
| 1 year | 4.05% |
| 13 months | 0.10% |
| 14 months | 0.10% |
| 15 months | 4.30% to 4.75% |
| 18 months | 2.50% to 3.75% |
| 2 years | 2.50% |
| 30 months | 0.10% |
| 3 years | |
| 4 years | 2.50% |
| 5 years | 2.50% |
Citi Step Up CD Rates
The
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 Rates
Fixed Rate CDs and Step Up CDs charge a fee if you withdraw funds before your term ends. With a
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 CD Rates Pros and Cons
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How Citi CDs Compare
Citi CD Rates vs. Bank of America CD Rates
Both Citi and Bank of America pay low CD rates on most terms, with some exceptions. The best option for you may ultimately depend on which term you'd like to open and how much money you plan to deposit.
For example, a 9-month Citi Fixed Rate CD offers 4.30% APY for balances under $100,000 and 4.90% APY for balances of $100,000 or more.
The highest Bank of America CD rates are on a 7-month and 13-month
Citi CD Rates vs. Capital One CD Rates
Capital One CD rates are higher for most CD traditional terms — the one exception may be the 9-month Citi Fixed Rate CD term if you deposit more than $100,000. 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.
Citi might be a good choice for a no-penalty CD, though. Capital One doesn't have this type of account.
Why You Should Trust Us: 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.