Citibank CD Rates, Checking & Money Market Review

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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 3rd Quarter 2021.

In this guide, we’ll review Citibank CD rates and compare them to the CD rates, savings account and money market rates offered by the top Banks in the Unites States.

In this Citibank CD Rate Guide

Citibank CD Rates as of October 26, 2021

Citibank’s CD’s are excellent as far as the flexibility and the variety of shorter term CD’s available. However, generally speaking, when compared to other top bank rates in the U.S. – Citibank’s CD rates are quite horrible. As you can see in the table below Citibank is only offering .15% APY on a 5 year CD. 

If you are in the market for a high-yield savings vehicle a Fixed Annuity may warrant consideration. For example, our best 5 year fixed annuity rate is currently 3.15%.

CD TermCD Rates (APY)Minimum
3 Month CD.05%$0
5 Month CD.05%$0
7 Month CD0.25%$0
12 Month CD0.10%$0
13 Month CD0.10%$0
18 Month CD0.10%$0
60 Month CD0.15%$0

Today's Best CD Rates

Best 3 month CD Rates

Best 3-Month CD RatesRateTermMinimum
Spectrum Federal Credit Union0.50% APY3 Months$500.00
Navy Federal Credit Union0.40% APY3 Months$50
Chevron Federal Credit Union0.50% APY3 Months$500.00

Best 6 month CD Rates

Best 6-Month CD RatesRateTermMinimum
CommunityWide FCU0.85% APY3 Months$500
Lafayette Federal Credit Union0.70% APY6 Months$500
NASA Federal Credit Union0.65% APY9 Months$10000

Best 2 Year CD Rates

2 Year CD Rates
Best 2-Year CD RatesRateTermMinimum
Lafayette Federal Credit Union0.90% APY24 Months$500
MAC Federal Credit Union0.95% APY24 Months$500
SILAC Secure Savings Elite 22.15% APY24 Months$10,000
Oceanview Harbourview 21.80% APY24 Months$20,000

Best 3 Year CD Rates

Best 3-Year CD RatesRateTermMinimum
MAC FCU1.00% APY36 Months$500
Lafayette Federal Credit Union1.01% APY36 Months$500
Oceanview Harbourview 32.35% APY36 Months$20,000

Best 5 Year CD Rates

Best 5-Year CD RatesRateTermMinimum
Abound Credit Union1.35% APY60 Months $1,000
Lafayette Federal Credit Union1.26% APY60 Months$500
Atlantic Coast Life Safe Haven3.15% APY60 Months $5,000

Today's Best Fixed Annuity Rates

TermInsurerAnnuityRateRatingLiquidityApply
2 yrsSILACSecure Savings Elite 22.15%B+NoneApply
3 yrsOceanview Life Harbourview 32.35%A-0%/ 10%Apply
4 yrsOceanview Life Harbourview 42.60%A-0%/ 10%Apply
5 yrsAtlantic Coast LifeSafe Harbor3.15%B++NoneApply
6 yrsAtlantic Coast LifeSafe Haven3.17%B++NoneApply
7 yrsSentinel Security LifePersonal Choice3.20%B++NoneApply
8 yrsAtlantic Coast LifeSafe Harbor3.20%B++Int. / 10%Apply
9 yrsLiberty Bankers LifeBankers Elite 93.00%B++NoneApply
10 yrsAtlantic Coast LifeSafe Haven3.25%B++NoneApply

Annuity rates are current as of 10/26/2021.

Compound 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). 

CD vs. Fixed Annuity Comparison

Fixed annuities work very much like a certificate of deposit (CD). A fixed annuity, sometimes referred to as a CD Type Annuity, pays a set guaranteed interest rate for the entire initial guarantee period- just like a CD.

 FIXED ANNUITYCD (CERTIFICATE OF DEPOSIT)
Issued ByInsurance CompaniesBanks
Investment Amount$2,000 - $1,000,000Essentially Any Amount
Investment Term2 years - 10 years3 months - 5 years
Interest Rates (APY)Rates vary by product but usually higher than CDs.Varies by financial institution, term and investment amount.
LiquidityUsually, 10% annually or interest earned.Almost always accumulated interest.
GuaranteesBacked by claims-paying ability of issuing Insurer & State Guaranty Associations.Backed by the FDIC up to $250,000 per depositor, per institution.
Death BenefitPassed directly to the beneficiary without probate process.Probate process required.

CitiBank Contact Information

Phone Support

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.

 

Citibank's Mission

Citi’s mission is to serve as a trusted partner to it’s clients by responsibly providing financial services that enable growth and economic progress. Their core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. 

They have 200 years of experience helping their clients meet the world’s toughest challenges and embrace its greatest opportunities. 

Citibank protects people’s savings and help them make the purchases – from everyday transactions to buying a home – that improve the quality of their lives. They advise people on how to invest for future needs, such as their children’s education and their own retirement, and help them buy securities such as stocks and bonds.

Frequently Asked Questions

For new Citi customers, please visit a branch or call us at 1-800-321-2484.

Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. They are now an owned subsidiary of Citigroup.
 

Citibank.

TypeSubsidiary of Citigroup
ProductsCredit cards, Mortgages, loans, Commercial, lines of credit
ParentCitigroup
Websiteciti.com

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

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.

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