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.
In this guide, we’ll review Citibank’s CD rates and compare them to the CD rates, savings accounts, money market, and annuity rates offered by the top Banks in the United States.
Citibank 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 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 0.15% APY.
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 4.05%.
| CD Term | Minimum | CD Rates (APY) |
|---|---|---|
| 3 Month | $0 | .05% |
| 5 Month | $0 | .05% |
| 7 Month | $0 | 0.25% |
| 12 Month | $0 | 0.10% |
| 13 Month | $0 | 0.10% |
| 18 Month | $0 | 0.10% |
| 60 Month | $0 | 0.15% |
CDs vs Fixed Annuity
A multi-year guaranteed annuity (MYGA) is essentially a CD that is issued by an insurance company rather than a bank. The table below compares and contrasts some of the key differences and similarities between the two.
| FIXED ANNUITY | CD | |
|---|---|---|
| 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 but usually higher than CDs. | Varies by bank, term and investment amount. |
| Liquidity | Usually, 10% annually or interest earned. | Almost always accumulated interest. |
| Guarantees | Backed by Insurance Company & 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.
| Term | Insurer | Annuity | Rating | Rate | Apply | |
|---|---|---|---|---|---|---|
| 2 Years | 
| Oceanview | Harbourview 2 | A- | 2.85% | |
| 3 Years | 
| Sagicor | Milestone 3 | A- | 3.50% | |
| 4 Years |
| Sagicor | Milestone 4 | A- | 3.70% | |
| 5 Years | 
| Sentinel Security | Personal Choice | B++ | 4.05% | |
| 6 Years |
| Oceanview | Harbourview 6 | A- | 4.30% | |
| 7 Years |
| Sentinel Security | Personal Choice | B++ | 4.10% | |
| 8 Years | 
| Oxford Life | Multi-Select | A | 3.80% | |
| 9 Years |
| Oxford Life | Multi-Select | A | 3.65% | |
| 10 Years | 
| Atlantic Coast Life | Safe Haven | B++ | 4.15% |
Get a Free Annuity Quote
Today's Top CD Rates
3 Month CD Rates
| Best 3-Month CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Spectrum Credit Union | 0.50% APY | 3 Months | $500.00 |
| Navy Federal Credit Union | 0.40% APY | 3 Months | $1,000.00 |
| Chevron Federal Credit Union | 0.50% APY | 3 Months | $500.00 |
| Luana Savings Bank | 0.55% APY | 3 Months | $1,000.00 |
12 Month CD Rates
| Best 12 Month CD Rates | Rate | Minimum |
|---|---|---|
| Live Oak | 1.75% APY | $2,500.00 |
| Limelight Bank | 1.25% APY | $1,000.00 |
| Lafayette Federal Credit Union | 0.80% APY | $5,000.00 |
| CommunityWide FCU | 0.75% APY | $1,000.00 |
2 Year CD Rates
| Best 2-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Connexus Credit Union | 2.86% APY | 24 Months | $5,000 |
| Oceanview Harbourview Annuity | 2.85% APY | 24 Months | $20,000 |
| Popular Direct | 2.30% APY | 24 Months | $10,000 |
| BMO Harris | 2.25% APY | 24 Months | $1,000 |
| PenFed Credit Union | 1.25% APY | 24 Months | $1,000 |
3 Year CD Rates
| Best 3-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Sagicore Milestone 3 | 3.50% APY | 36 Months | $100,000 |
| Connexus Credit Union | 3.01% APY | 36 Months | $5,000 |
| My Banking Direct | 1.40% APY | 36 Months | $500 |
| Lafayette Federal Credit Union | 1.01% APY | 36 Months | 500 |
4 Year CD Rates
| Best 4-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Sagicor | 3.70% APY | 48 Months | $100,000 |
| Connexus Connexus Credit Union Credit Union | 3.11% APY | 48 Months | $5,000 |
| NASA Federal Credit Union | 1.70% APY | 48 Months | $500 |
| Teachers Federal Credit Union | 1.30% APY | 48 Months | $1000 |
5 Year CD Rates
| Best 5-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Milestone 5 | 3.85% APY | 60 Months | $100,000 |
| Connexus Credit Union | 3.21% APY | 60 Months | $5,000 |
| BMO Harris | 2.80% APY | 60 Months | $1,000 |
| Teachers Federal Credit Union | 1.65% APY | 60 Months | $1000 |
CD Interest Calculator
How much will an annuity pay? Enter your initial investment amount, the fixed annuity or CD rate and 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.
If you would like to know how much interest you will earn monthly scroll past the bar chart below and click the monthly tab (just to the right of the annual tab).
Key Take-Aways
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 savings you can learn more about fixed “CD Type Annuities“ here.
If you would like a personalized annuity quote you can contact us or use one of our fixed annuity calculators to see how much an annuity would pay you.
Citibank Contact Info
Phone Number
1-800-321-2484
(TTY 1-800-992-9833)
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
How do I speak to Citibank customer service?
For new Citibank customers, please visit a branch or call us at 1-800-321-2484.
Who Owns Citibank?
Citibank
| Type | Subsidiary of Citigroup |
|---|---|
| Products | Credit cards, Mortgages, loans, Commercial, lines of credit |
| Parent | Citigroup |
| Website | citi.com |
Source: Citibank – Wikipedia
Are Annuities FDIC Insured?
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
Can You Loose money in a fixed annuity?
You can not lose money in a fixed annuity. However, guarantees are backed by the claims-paying ability of the issuing insurance company so it is important to consider an insurer’s financial rating when shopping for an annuity.
