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 CD rates and compare them to the Best CD rates, savings accounts, money market, and annuity rates offered by the top Banks in the United States.
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) |
|---|---|---|
| 3 Month | $0 | .05% |
| 6 Month | $0 | 1.10% |
| 9 Month | $0 | 1.10% |
| 12 Month | $0 | 2.50% |
| 18 Month | $0 | 2.75% |
| 60 Month | $0 | 1.01% |
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
A fixed annuity, often called a CD Type Annuity, 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. | 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.
| Years | Insurer | Annuity | Rate | AM Best | Liquidity | ||
|---|---|---|---|---|---|---|---|
| 2 |  | ASPIDA | Synergy Choice | 3.55% | A- |  | |
| 3 | | ASPIDA | Synergy Choice | 4.20% | A- | | |
| 4 | 
| Nassau | Simple Annuity | 4.35% | B++ |  | |
| 5 | 
| Ibexis | Ibexis MYGA Plus | 5.10% | A- | | |
| 6 | 
| Oceanview | Harbourview | 4.80% | A- | | |
| 7 | 
| Atlantic Coast Life | Safe Harbor | 4.72% | B++ | | |
| 8 | 
| Oxford Life | Multi-Select | 4.50% | A | | |
| 9 | 
| Oxford Life | Multi-Select | 4.35% | A | | |
| 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 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 |
Best 1 Year CD Rates
| Best 12 Month CD Rates | Rate | Minimum |
|---|---|---|
| Citibank | 2.50% APY | $1,000.00 |
| 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 |
2 Year CD Rates
| Best 2-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Oceanview Harbourview Annuity | 3.50% APY | 24 Months | $20,000 |
| Connexus Credit Union | 2.86% APY | 24 Months | $5,000 |
| 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 |
|---|---|---|---|
| Synergy Choice | 4.20% 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 |
|---|---|---|---|
| Nassau Simple Annuity | 4.35% APY | 48 Months | $10,000 |
| Connexus 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 |
|---|---|---|---|
| Ibexis MYGA Plus Annuity | 5.10% APY | 60 Months | $25,000 |
| 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 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.
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 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
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.
