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By:Kailey Hagen
Kailey Hagen
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Kailey Hagen has been writing about small businesses and finance for almost 10 years, with her work appearing on USA Today, CNN Money, Fox Business, and MSN Money. She specializes in personal and business bank accounts and software for small to medium-size businesses. She lives on what's almost a farm in northern Wisconsin with her husband and three dogs.
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and Ashley Maready
Ashley Maready
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Ashley Maready is a former history museum professional who made the leap to digital content writing and editing in 2021. She has a BA in History and Philosophy from Hood College and an MA in Applied History from Shippensburg University. Ashley loves creating content for the public and learning new things so she can teach others, whether it's information about salt mining, canal mules, or personal finance.
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Fact CheckedEric McWhinnie
Eric McWhinnie
Eric McWhinnie has been writing and editing digital content since 2010. He specializes in personal finance and investing. He also holds a bachelor’s degree in Finance.
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Citi CD rates are surprisingly competitive for a brick-and-mortar bank, for a few available term lengths. With the bank's variety of terms, low deposit requirements, and above-average APYs, Citi CDs are a good fit for savings balances of any size. Read our review to learn more about Citi CD rates and how they compare to the CDs you find offered by other top banks.
Citi CD rates for 2024
Rates as of June 7, 2024
APY = Annual Percentage Yield
Citi CD
MINIMUM DEPOSIT $500
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| 7 Mo. APY | 9 Mo. APY | 1 Yr. APY | 15 Mo. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|---|---|
| 5.01% | 3.75% | 2.75% to 3.75% | 4.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
Compare Citi CD rates
Citi's CD interest rates on some terms are higher than other large brick-and-mortar banks, though some online banks have it beat. See how it stacks up to some of its competitors in the table below.
Rates as of June 7, 2024
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
Discover® Bank CD Member FDIC. | APY:4.70% | Term:1 Year | Min. Deposit:$2,500 | Open Account for Discover® Bank CD |
Western Alliance Bank CD | APY:5.05% | Term:1 Year | Min. Deposit:$1 | Open Account for |
Western Alliance Bank CD | APY:5.10% | Term:9 Months | Min. Deposit:$1 | Open Account for |
Details about Citi CDs
Citi Fixed Rate CD
Pros
- Variety of term lengths
- Competitive rates for a big bank
- Low minimum balance requirement
Cons
- Higher balance requirements in some states
Citi CD interest rates are competitive with its big bank competitors, with term lengths ranging from three months to five years. Citi also offers some unusual short-term CDs you won't find with many other banks, and many of these have special higher rates. Its minimum deposit is $500 in most states, but a few states have higher minimum requirements. If you'd like to benefit from Citi CD interest rates, make sure you have enough to meet the account minimum.
Other Citi CD accounts
Citi also offers the following CD accounts:
- Step Up CD
- No Penalty CD
How to open a Citi CD
It's pretty easy to open a Citi CD account, and if you're already a banking customer, you can log into your account to do it. Otherwise, you'll need to give your personal information (such as name, birthdate, and Social Security number). You'll also need to provide your employment and income information.
You'll need to fund your Citi CD, of course -- and remember, the minimum deposit amount is $500. You can transfer from an existing Citibank account or from an external bank. You'll be guided to create a login and password for Citi, so you can check up on your CD. Finally, you'll need to read and sign various agreements and disclosures for your new account.
It's important to keep track of when your CD will mature. For Citi CDs, they renew at the same term length when they expire, but you get a seven-day grace period to make any changes or withdraw your cash and close the account. And since CD rates change over time, when your CD matures, you may find that the new APY on that same term length is no longer worth your time.
Who is a Citi CD right for?
A Citi CD is a great fit for those with at least $500 they don't expect to spend in the next few months or years. It's also a good choice for those who prefer brick-and-mortar banking but still want to earn a high rate. If you're not married to the idea of a standard term length and can take advantage of, say, a 9-month CD, Citi might be a good choice. And if you want to build a CD ladder with a variety of term lengths, consider Citi's special rates on select terms.
Bottom line: Citi CD rates
Citi CD
- 7 APY: 5.01%
- 9 APY: 3.75%
- 12 APY: 2.75% to 3.75%
- 15 APY: 4.00%
- 18 APY: 2.00%
- 24 APY: 2.00%
- 36 APY: 2.00%
- 48 APY: 2.00%
- 60 APY: 2.00%
Show All Rates [+]Hide All Rates [-]
Rates as of June 7, 2024
APY = Annual Percentage Yield
Term
Citi CD
7 Mo.
9 Mo.
1 Yr.
15 Mo.
1.5 Yr.
2 Yr.
3 Yr.
4 Yr.
5 Yr.
5.01%
3.75%
2.75% to 3.75%
4.00%
2.00%
2.00%
2.00%
2.00%
2.00%
Keep reading about Citi:
- Citi® Accelerate High-Yield Savings
- Citi credit cards
Our CDs methodology
At The Motley Fool Ascent, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
Learn more about how The Motley Fool Ascent rates bank accounts.
FAQs
Citi CDs come with a variety of terms, a few high APYs (especially on a few unusual term lengths), and low minimum balance requirements, so you can build a CD ladder or just use one to grow your savings.
A Citi CD could be right for you if you want to earn a competitive rate on your savings and you have at least $500 to spare.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. SLM is an advertising partner of The Ascent, a Motley Fool company. Charles Schwab is an advertising partner of The Ascent, a Motley Fool company. Synchrony Financial is an advertising partner of The Ascent, a Motley Fool company. American Express is an advertising partner of The Ascent, a Motley Fool company. Ally is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. Kailey Hagen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Charles Schwab, Goldman Sachs Group, PNC Financial Services, and Target. The Motley Fool recommends Barclays Plc and Discover Financial Services and recommends the following options: short June 2024 $65 puts on Charles Schwab. The Motley Fool has a disclosure policy.
