Citibank CD Rates

Citibank offers a variety of CDs, although only one has high rates

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Rebecca Safier
Rebecca Safier
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Rebecca has been writing about personal finance for more than seven years. Her work has been published in MarketWatch, U.S. News & World Report, and other publications, and she has contributed expert commentary to Fortune, Money, NBC, and more.?
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Updated September 18, 2023
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Michael Rosenston
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Citibank CD Rates

One of the largest banks in the U.S., Citibank offers a variety of deposit accounts, including three types of certificates of deposit (CDs). Its Fixed Rate CD offers terms from three to 60 months, while its Step Up CD and No Penalty CD come with terms of 30 months and 12 months, respectively.?

All of Citibank’s CDs require a minimum deposit of $500. Your annual percentage yield (APY) can vary widely depending on the term you choose. Here are the Citibank CD rates today on various term options.?

The APYs listed below are up to date as of the date of publication of this article. We review CD rates every two weeks and update the information below accordingly.

Fixed Rate CD Overview

?CD Term ?APY
3 months 0.05%
4 months? 0.05%?
5 months? 0.05%?
6 months? 1.10%?
7 months? 0.05%?
8 months? 0.05%?
9 months? 4.30%–4.90%?
10 months? 0.05%?
11 months? 0.05%?
1 year? 4.30%?
13 months? 0.10%?
14 months? 0.10%?
15 months? 4.30%-4.75%?
18 months? 2.50%
2 years? 2.50%?
30 months? 0.10%?
3 years? 2.50%?
4 years? 2.50%?
5 years? 2.50%

Step Up Rate CD Overview

?CD Term ?Composite APY Minimum Deposit?
30 months 0.10%? $500?

No Penalty CD Overview

CD Term? APY? Interest Rate? Minimum Deposit
12 months 0.05% 0.05%? $500

Citibank CDs: Key Features

Fixed Rate CD Key Features

APY Range 0.05%–4.90%
Minimum Deposit? $500?
Term Range? 3–60 months?
Early Withdrawal Penalty? 90 days of simple interest for CDs with a term of 1 year or less 180 days simple interest for CDs with terms longer than 1 year?

Step Up CD Key Features

APY Range 0.05%–0.15%
Minimum Deposit? $500?
Term Range? 30 months?
Early Withdrawal Penalty? 90 days of simple interest for CDs with a term of 1 year or less 180 days simple interest for CDs with terms longer than 1 year?

The Step Up CD has a fixed interest rate that increases over the term. Upon maturity, this CD will renew into a standard Fixed Rate CD.

No Penalty CD Key Features

APY Range 0.05%
Minimum Deposit? $500?
Term Range? 12 months?
Grace Period 6 days
Early Withdrawal Penalty? Fee applies only during the first 6 days after deposit?

The No Penalty CD allows you to withdraw your money (and interest) with no fee beginning after the sixth day after you make the minimum deposit. Partial withdrawals are not permitted. You cannot renew a No Penalty CD into another No Penalty CD; when the CD matures, if you allow it to automatically renew it will renew into a standard Fixed Rate CD.?

Compare Savings Account Rates

Is Citibank a Good Investment for CDs?

Citibank offers competitive APYs that exceed 4.00% for certain terms with its Fixed Rate CDs. However, some of its CD terms come with very low rates, so those wouldn’t offer a particularly good return on your investment.?

Some other banks offer APYs that sometimes exceed 5.00%, whereas Citibank’s CD APYs usually don’t get that high. It’s worth shopping around and comparing your options to find the best place for your money—learn more with our picks for the best overall CD rates.

How Do You Get the Best CD Rate With Citibank?

As of publication, Citibank offers its best rate (over 4.00% APY) on certain terms with its Fixed Rate CD. All of Citibank’s CDs require a $500 minimum deposit.

Withdrawing your money from a CD before it matures will usually trigger an early withdrawal penalty. With the exception of its No Penalty CDs, Citibank charges an early withdrawal fee equal to 90 days or 180 days of interest, depending on your term length.

Does Citibank Have a 3-Month CD?

You can choose a three-month term on Citibank’s Fixed Rate CD. This three-month CD comes with a low APY and requires a minimum deposit of $500.?

What Is Citibank’s Highest-Paying 12-Month CD?

The highest paying 12-month CD at Citi is the Fixed Rate CD which pays 4.30% for 12 months. There is also a 12-month No-Penalty CD, but its rate is currently very low. The special benefit of the No Penalty CD is that you can withdraw your money early without penalty as long as it’s been at least six days since you made the minimum deposit.

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  1. Citibank. "Certificates of Deposit."

  2. Citibank. "Certificate of Deposit Account Rates."?

  3. Citibank. "Client Manual — Consumer Accounts."

  4. Citi. "Certificate of Deposit Account Rates."

  5. Citi. "Certificate of Deposit Account Rates."