Citibank has become one of the largest banks in the United States. To give you a sense of the
scale, parent company Citigroup reported $3.8 billion in net income in the third quarter
of 2025 alone (see Citi’s quarterly earnings).
But being the biggest does not always mean being the best.
Citibank’s monthly promotional CD rates are almost always top of class for their
advertised duration. The rest of Citibank’s CD lineup, however, is typically mediocre, with several
standard terms paying well under 1% APY. Below we break down every term, flag the genuinely
competitive ones, and show how each stacks up against a fixed annuity of the same length.
Today’s Citibank CD Rates
Rates carried from the current live page for this preview — verify before publishing.
Minimum opening deposit is typically $500 unless noted.
| Term | APY | Minimum Deposit | Notes |
|---|---|---|---|
| 3 months | 2.23% | $500 | Standard |
| 5 months | 3.92% | $500 | Featured |
| 6 months | 1.98% | $500 | Standard |
| 9 months | 2.96% | $500 | Featured |
| 1 year ($100K+) | 3.00% | $100,000 | Jumbo tier |
| 1 year (<$100K) | 2.00% | $500 | Standard tier |
| 13 months | 0.10% | $500 | Standard |
| 18 months | 2.47% | $500 | Standard |
| 5 years | 1.98% | $500 | Standard |
Citibank CD Rates vs. Fixed Annuity (MYGA) Rates
Here is how Citibank’s CDs compare to the best fixed annuity (MYGA) rate at each term, on a
$100,000 balance. The annuity side pulls live from 90+ top annuity companies; the CD figures are
Citibank’s published rates.
| Term | MYGA Rate | Top CD Rate | Tax-Equivalent Yield* |
Annuity | CD | Annuity Edge |
|---|---|---|---|---|---|---|
| 2-Year | 5.15% CL Life | 2.00% National Best | 6.78% | $110,565 | $104,040 | +$6,525 |
| 3-Year | 5.65% Farmers Life Insurance Company | 2.10% National Best | 7.43% | $117,926 | $106,433 | +$11,492 |
| 4-Year | 5.30% Oceanview Life and Annuity | 2.15% National Best | 6.97% | $122,946 | $108,881 | +$14,064 |
| 5-Year | 6.30%SI Knighthead Life | 1.98% National Best | 8.29% | $131,500 | $110,300 | +$21,200 |
*Tax-Equivalent Yield shows the pre-tax CD rate a saver in the 24% federal bracket would need to match the annuity rate on a tax-deferred basis (formula: annuity rate ÷ (1 − bracket)). Actual after-tax results depend on your full tax situation, state tax, and timing of withdrawals.
Sources: Annuity rates: June 22, 2026 · AnnuityRateWatch. CD rates: June 7, 2026 · Bankrate.com. Annuity values use compound interest at the stated rate; products marked SI use simple interest. Rates subject to change without notice. Availability & features vary by state and insurer. Guarantees are backed by the claims‑paying ability of the issuing insurance company. Not a bank product. Not FDIC insured. State guaranty association limits apply (vary by state).
What Is a Citibank CD Account?
A Citibank certificate of deposit (CD) is a time deposit: you agree to leave a fixed sum on deposit
for a set term in exchange for a fixed interest rate. Your principal is FDIC insured up to applicable
limits, and in return for locking the money up, you typically earn more than a standard savings
account — though, as the table above shows, not always more than a comparable fixed annuity.
How Citibank CD interest is paid
Interest compounds and is credited to the CD on a set schedule; you can usually choose to have it
paid out or left to compound until maturity.
How Citibank CDs renew
Citibank CDs renew automatically at maturity into a new term of the same length at the then-current
rate, unless you act during the grace period. Watch this closely: a strong promotional CD often
renews into a much lower standard rate.
Citibank Early Withdrawal Penalties
Verify current penalty schedule before publishing.
- Terms of one year or less: typically 90 days of simple interest.
- Terms longer than one year: typically 180 days of simple interest.
Citibank CD FAQs
Are Citibank CD rates competitive?
Citibank’s featured and promotional CDs are often competitive for their specific term, but most of its standard CD terms pay well below today’s best fixed annuity and high-yield options.
Are Citibank CDs FDIC insured?
Yes. Citibank CDs are FDIC insured up to applicable limits. Fixed annuities are not FDIC insured; they are backed by the claims-paying ability of the issuing insurer and state guaranty associations.
Is a fixed annuity better than a Citibank CD?
For multi-year terms, a fixed annuity (MYGA) frequently pays a materially higher guaranteed rate than a Citibank CD with the same principal protection. The comparison table above shows the current difference on a $100,000 balance.
My Annuity Store may earn a commission if you purchase an annuity through our marketplace. Rates are subject to change without notice. CDs are bank products insured by the FDIC up to applicable limits; annuities are insurance products not FDIC insured and are backed by the claims-paying ability of the issuing insurer.
