Citibank is best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks. If you can keep enough on deposit to open one of the Citibank Account Package and above accounts (which requires at least $10,000 in combined balance), you get perks such as. Information on Citibank 2 Year CD Rates: A two year CD is a type of deposit product available for a retail consumer when looking to invest or save their cash in a fixed term low risk product at Citibank. How Citibank CD rates compare to top-yielding banks. Much of Citibank’s strength when it comes to CDs is the variety of terms that it offers. You can easily use the bank to start a CD ladder. The Citibank 1 Year CD product is a short term fixed investment option and agreed upfront fixed Interest rate for a 12 month/ 1 year term. The most influencing factors that determine what Citibank certificates of deposit rates.

Citibank currently offers nineteen, standard-term, fixed-rate certificates of deposit with most of their rates sitting at or below the current national average(s) for their respective terms.

Open an online Capital One 360 CD to earn an interest rate with guaranteed yield. Compare our CD terms and annual yield rates. Enjoy the protection of FDIC insurance and zero market risk with an online CD account.

Citibank also offers two promotional deposits. A “Step Up CD” and a “No Penalty CD.”

The Step Up CD is a 30 month deposit with a composite APY of 0.15%. You can read more about the terms and conditions here.

The No Penalty CD is a 12 month deposit featuring an APY of 0.05%. Funds from this account may be withdrawn penalty-free at any time after six calendar days from opening the account. You can read more about the terms and conditions here.

Citibank also offers two “featured” short term CDs (a 3 month CD and a 4 month CD). These come with slightly better APYs when compared to the national average for their respective terms than the rest of Citibank’s certificate of deposit offerings.

That said, if you are in the market for a short term deposit, you’ll probably want to see if you’re eligible for the Citi Accelerate Savings account which is available in select regions. This account comes with a much better yield, but also with a variable rate that can change at any time.

Citibank’s CDs have varying minimum deposit requirements by region. Depending on where you live minimum deposit requirements will range from $500 to $2,500. See our table below for a complete breakdown.

You can apply for and open a Citibank CD online, however if you plan on depositing more than $250,000 you must stop into one of Citibank’s 700 branch locations across 12 states. You can locate a branch here.

Citibank CDs are federally insured by the FDIC up to $250,000 per depositor or $500,000 for joint accounts.

Citibank CD Rates

To give these offers above some context, the current national average for a 12 month CD and a 5 year CD sit at 0.21% APY and 0.44% APY, respectively. There are also a handful of credit unions and online banks still paying 1.0% APY on some regular term CDs.

Citibank Promotional CDs

Both the Step Up CD and the No Penalty CD come with minimum deposit requirements of $500.

Minimum Deposit Requirements for Standard Citibank CDs

As mentioned, the minimum deposit requirement for all Citibank CDs vary by region. Below is the breakdown.

To open a Citibank CD online you must be a U.S. resident or citizen and at least 18 years old. You will need the following pieces of information to complete your application online:

• Physical address
• Date of Birth
• Social Security Number
• Email Address
• Phone Number

To fund the account you will need the bank account number and routing number for the institution you will be transferring the funds from.

Interest on all Citibank CDs compounds daily. For CDs with terms of one year or less, interest is paid to you either monthly or upon maturity. And for CDs with terms longer than one year, interest is paid monthly.

Early Withdrawal Penalties

Although Citibank has offered lucrative standard term CDs and promotional deposits in the past, its current product suite and rates are much less competitive than the top offers from online banks and nationally available credit unions.

That said, of the big banks (Chase Bank, Wells Fargo, Bank of America and US Bank) Citibank still has the best rates for savers. So if you’re after an FDIC-insured certificate of deposit with a bank that has national coverage, then Citibank may be your best bet.

Citibank offers certificates of deposit across a wide variety of terms that you won’t find at many banks. You can choose from more than a dozen CD terms that range from as short as three months to as long as five years.

Citi Cd Rates 2018

While most of the big bank’s CDs have lackluster rates, Citi offers several CDs that are worth considering for their rates. One of the best rates requires a higher balance, so look closely at the account details before committing.

Citibank earned a 4.1 out of 5 in Bankrate's overall rating of the bank.

Citi Cd Rates 2019

Citibank CD rates

Here's a closer look at Citibank's fixed rate CDs. Note: Rates can vary by geography. The minimum deposit is $500 in most states; however, the minimum deposit is higher in certain states.

Citi Cd Rates 2019

Note: The APYs (Annual Percentage Yield) shown are as of Jan. 14, 2021. The APYs for some products may vary by region.

How Citibank CD rates compare to top-yielding banks

Much of Citibank's strength when it comes to CDs is the variety of terms that it offers. You can easily use the bank to start a CD ladder, for instance. Otherwise, the rates the bank offers, by and large, are average. There are many worse options out there, but you can find higher APYs elsewhere.

Delta Community Credit Union, Golden 1 Credit Union and Navy Federal Credit Union are among the brands offering top rates.

Other savings options at Citibank

If you're looking for more flexibility with your savings, Citibank offers two alternative types of CDs: step-up CDs and no-penalty CDs. Step-up CDs automatically increase your interest rate every ten months. No-penalty CDs offer a fixed rate, but give you the ability to withdraw your full balance and interest - without a penalty. Of course, this flexibility doesn't come free, so you'll earn a reduced interest rate compared to a standard CD.

Citi also offers an online-only savings account that pays a great rate (higher than most of its CDs). It also offers a money market account with similarly high rates.