Citibank CD Rates Reviewed
Citibank is one of the largest banks in the United States. To give you an idea of just how big they are; on 10/14/2021 Citibank reported $4.6 Billion in net income for the 3rd Quarter of 2021.
Citi Bank CD Rates
Citibank’s CDs are excellent as far as the flexibility and the variety of shorter-term CDs available. However, generally speaking, when compared to other top bank CD rates in the U.S. – Citibank CD rates are quite horrible.
As you can see in the table below 5 years Citibank CD rate is only 1.01% APY.
|CD Term||Minimum||CD Rates (APY)|
Visit Citibank’s website to compare more Citibank CD Rates.
Citibank CD Promotion 2022
Update September 2022:
Citibank continues to raise the rates on their promotional CDs (certificates of deposit) this month. Leading the way is Citbank’s 1 year CD rate with now features an APY of 2.50% – up from 2.00% in July. Citibank also raised its 18-month CD rate by 0.40% to 2.75% for September 2022.
If you are in the market for a high-yield savings vehicle a Fixed Annuity may warrant consideration. For example, our best 5 years fixed annuity rate is currently 4.50%.
CDs vs Fixed Annuity
|Issued By||Insurance Companies||Banks|
|Investment Amount||$2,000 - $1,000,000||Essentially Any Amount|
|Investment Term||2 years - 10 years||3 months - 5 years|
|Interest Rates (APY)||Varies by product.||Varies by bank, term and investment amount.|
|Liquidity||Usually, 10% annually or interest earned.||Almost always accumulated interest.|
|Guarantees||Backed by Insurer & State Guaranty Associations.||Backed by the FDIC.|
|Death Benefit||May avoid probate.||Probate process required.|
Today's Best Guaranteed Annuity Rates
Fixed annuity rates are guaranteed for a set number of years.
|5||Ibexis||Ibexis MYGA Plus||5.10%||A-|
|7||Atlantic Coast Life||Safe Harbor||4.72%||B++|
|10||Sentinel Security||Personal Choice||4.75%||B++|
Get a Free CD Type Annuity Quote
Fill out the form below to receive a free annuity quote or use one of our annuity calculators.
Today's Top CD Rates
3 Month CD Rates
Best 1 Year CD Rates
2 Year CD Rates
3 Year CD Rates
4 Year CD Rates
5 Year CD Rates
CD Interest Calculator
How much will a CD pay? Enter your initial investment amount, the fixed annuity or CD rate and the term in the calculator below then hit CALCULATE.
By default, you’ll see what your annuity or CD will be worth at the end of the investment term based on compounding interest and no withdrawals.
You can access more calculators on our retirement calculators page.
A Certificate of deposit is very similar to a fixed annuity. If you are looking for a safe and steady way to grow your retirement a fixed annuity may warrant consideration. One thing to keep in mind is annuities have early withdrawal penalties that are usually more costly than a bank CD.
Citibank Contact Info
Mon-Sun: 9:00 AM to 11:00 PM ET
If you’ve already opened your CD and linked it to your Citibank checking or savings account, you can easily check the rate by viewing your statement.
Frequently Asked Questions
|Type||Subsidiary of Citigroup|
|Products||Credit cards, Mortgages, loans, Commercial, lines of credit|
While not FDIC insured, State Guaranty Associations provide a safety net for their state’s annuity policyholders. These Guaranty Associations guarantee policyholders continue to receive coverage (up to the limits spelled out by state law) even if their insurer is declared insolvent. Source: “Learn to Invest, Investment Types, Annuities, Fixed Annuities.” Financial Industry Regulatory Authority (FINRA). Visit FINRA’s Fixed Annuities Webpage