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 Term | CD Rates (APY) | Minimum |
|---|---|---|
| 3 Month CD | .05% | $0 |
| 5 Month CD | .05% | $0 |
| 7 Month CD | 0.25% | $0 |
| 12 Month CD | 0.10% | $0 |
| 13 Month CD | 0.10% | $0 |
| 18 Month CD | 0.10% | $0 |
| 60 Month CD | 0.15% | $0 |
Today's Best CD Rates
Best 3 month CD Rates
| Best 3-Month CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Spectrum Federal Credit Union | 0.50% APY | 3 Months | $500.00 |
| Navy Federal Credit Union | 0.40% APY | 3 Months | $50 |
| Chevron Federal Credit Union | 0.50% APY | 3 Months | $500.00 |
Best 6 month CD Rates
| Best 6-Month CD Rates | Rate | Term | Minimum | |
|---|---|---|---|---|
| CommunityWide FCU | 0.85% APY | 3 Months | $500 | |
| Lafayette Federal Credit Union | 0.70% APY | 6 Months | $500 | |
| NASA Federal Credit Union | 0.65% APY | 9 Months | $10000 |
Best 2 Year CD Rates
| 2 Year CD Rates | |||
|---|---|---|---|
| Best 2-Year CD Rates | Rate | Term | Minimum |
| Lafayette Federal Credit Union | 0.90% APY | 24 Months | $500 |
| MAC Federal Credit Union | 0.95% APY | 24 Months | $500 |
| SILAC Secure Savings Elite 2 | 2.15% APY | 24 Months | $10,000 |
| Oceanview Harbourview 2 | 1.80% APY | 24 Months | $20,000 |
Best 3 Year CD Rates
| Best 3-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| MAC FCU | 1.00% APY | 36 Months | $500 |
| Lafayette Federal Credit Union | 1.01% APY | 36 Months | $500 |
| Oceanview Harbourview 3 | 2.35% APY | 36 Months | $20,000 |
Best 5 Year CD Rates
| Best 5-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Abound Credit Union | 1.35% APY | 60 Months | $1,000 |
| Lafayette Federal Credit Union | 1.26% APY | 60 Months | $500 |
| Atlantic Coast Life Safe Haven | 3.15% APY | 60 Months | $5,000 |
Today's Best Fixed Annuity Rates
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 ANNUITY | CD (CERTIFICATE OF DEPOSIT) | |
|---|---|---|
| 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) | Rates vary by product but usually higher than CDs. | Varies by financial institution, term and investment amount. |
| Liquidity | Usually, 10% annually or interest earned. | Almost always accumulated interest. |
| Guarantees | Backed by claims-paying ability of issuing Insurer & State Guaranty Associations. | Backed by the FDIC up to $250,000 per depositor, per institution. |
| Death Benefit | Passed 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.
| Type | Subsidiary of Citigroup |
|---|---|
| Products | Credit cards, Mortgages, loans, Commercial, lines of credit |
| Parent | Citigroup |
| Website | citi.com |
Source: Citibank – Wikipedia
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.
