Citibank CD Rates Reviewed
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.
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 Today
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. – some of Citibank’s CD rates are quite horrible.
It really just depends on the term.
As you can see in the table, Citibank’s 1 year cd rate is .30% while their 3-year rate is only .40%.
| Term | APY | Minimum Deposit |
|---|---|---|
| 6 months | 4.15% | $1,000 |
| 11 months* | .05% | $1,000 |
| 1 year | 4.15% | $1,000 |
| 13 months | .10% | $1,000 |
| 18 months | 4.15% | $1,000 |
| 2 years | 2.00% | $1,000 |
| 3 years | 2.00% | $1,000 |
| 4 years | 2.00% | $1,000 |
| 5 years | 2.00% | $1,000 |
| *No-penalty CD |
Visit Citibank’s website to compare more Citibank CD Rates.
Citibank CD Promotion 2023
Updated January 2023:
Citibank continues to raise its promotional CD rates (certificates of deposit) for January 2023 Leading the way is Citibank’s 11-month CD rate which now features an APY of 4.10% – up from 2.75% in October. Citibank also raised its 18-month CD rate to 4.75%for January 2023, up from 2.85% in October 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 5.80%.
Free CD-Type Annuity Quote
Fill out the form below to receive a free annuity quote within 4 business hours,
or use one of our annuity calculators.
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 "CD-Type" Annuity Rates
Fixed annuity rates are guaranteed for a set number of years.
| Term | Annuity | Rate | AM Best | W/Ds | ||
|---|---|---|---|---|---|---|
| 2 Years | SILAC | Secure Savings Elite | 4.75% | B+ |  | |
| 3 Years | Atlantic Coast Life | Safe Haven | 5.53% | B+ | | |
| 4 Years | Americo | American Pathway | 5.15%% | A |  | |
| 5 Years | Ibexis | MYGA Plus | 5.80% Simple | A- | | |
| 6 Years | Americo | Platinum Assure | 5.45% | A | | |
| 7 Years | Atlantic Coast Life | Safe Harbor | 5.64% | B++ | | |
| 8 Years | Oxford Life | Multi-Select | 4.95% | A | | |
| 9 Years | Oxford Life | Multi-Select | 4.95% | A | | |
| 10 Years | Atlantic Coast Life | Safe Haven | 5.35% | B++ | |
Today's Top CD Rates
3 Month CD Rates
| Bank | Rate | Minimum Deposit To Open |
|---|---|---|
| Popular Direct | 4.05% APY | $10,000.00 |
| Citibank | 3.25% APY | $500.00 |
| America First Credit Union | 2.30% APY | $500.00 |
Best 1 Year CD Rates
| Bank | Rate | Minimum Deposit To Open |
|---|---|---|
| First Internet Bank | 4.75% APY | $1,000.00 |
| Popular Direct | 4.75% APY | $10,000.00 |
| Alliant Credit Union | 4.60% APY | $1,000.00 |
2 Year CD Rates
| Term | Bank | Rate | Minimum |
|---|---|---|---|
| 24 Months | Rising Bank | 3.80% APY | $1,000 |
| 24 Months | Bread Savings | 3.75% APY | $1,500 |
| 24 Months | American Heritage Credit Union | 3.75% APY | $500 |
| 24 Months | Merrick Bank | 3.70% APY | $25,000 |
| 24 Months | Synchrony Bank | 3.40% APY | $.01 |
3 Year CD Rates
| Bank | Rate | Minimum Deposit To Open |
|---|---|---|
| Alliant Credit Union | 4.60% APY | $1,000.00 |
| Popular Direct | 4.55% APY | $10,000.00 |
| BMO Harris | 4.50% APY | $1,000.00 |
4 Year CD Rates
| Term | Bank | Rate | Minimum |
|---|---|---|---|
| 48 Months | Bread Savings | 4.15% APY | $1,500 |
| 48 Months | American Heritage Credit Union | 4.00% APY | $500 |
| 49 Months | NASA Federal Credit Union | 3.85% APY | $10,000 |
| 48 Months | Merrick Bank | 3.75% APY | $25,000 |
| 48 Months | PenFed Credit Union | 3.50% APY | $1,000 |
5 Year CD Rates
| Bank | Rate | Minimum Deposit To Open |
|---|---|---|
| BMO Harris | 4.50% APY | $1,000.00 |
| Bread Savings | 4.50% APY | $1,500.00 |
| Popular Direct | 4.50% APY | $10,000.00 |
CD Rate 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 CD 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
Citibank 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.
