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Citi CD rates and review

Up to 0.1% APY for terms between three months and five years.’s rating: 2.0 / 5.0


A Citi CD can offer strong returns to your investment, but be prepared to make a large in-person deposit to get the highest APR.


1-year APY


3-year APY


5-year APY


Minimum deposit to open$500
Interest compoundingDaily
3-month APY0.05%
5-month APY0.25%
6-month APY0.05%
7-month APY0.05%
9-month APY0.05%
11-month APY0.05%
1-year APY0.1%
13-month APY0.1%
15-month APY0.1%
18-month APY0.1%
2-year APY0.1%
30-month APY0.1%
3-year APY0.1%
4-year APY0.1%
5-year APY0.15%
Early withdrawal penalty90 days interest for terms of 1 to 12 months
180 days interest for terms of 13 + months

Review by

Steven Dashiell is a writer at Finder specializing in all things credit cards. With more than 300 articles under his belt, he aims to help readers embrace credit cards and maximize their rewards. Steve is studying to become a Certified Educator in Personal Finance, and is a frequent face on Finder’s YouTube channel, offering the latest in credit card hacks and advice. His expertise has been featured on numerous outlets, including U.S. News & World Report, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living and more.

Expert review

Citi offers a strong variety of CD terms and relatively forgiving withdrawal fees should you need to access your money ahead of schedule. However, their APY rates are relatively low compared to competitors and often require large deposits for highest rates.

How do I open a Citi CD account?

You can easily apply for a Citi CD by filling out an online application.

  1. Go to the provider’s site and follow the steps to apply.
  2. From the main Citi CD page, select your desired CD term and click Apply.
  3. Fill out the required information, including personal info, financial history, and source of funding. Click Next and wait for confirmation from Citi.


To apply for a Citi CD, you’ll need to have an account with Citi and have a physical address in the US.

Required documents

You’ll be able to sign up for a Citi account prior to activating your CD. Have the following ready:

  • Date of birth
  • Social Security number
  • Valid ID

Funding options

For amounts under $100,000, you can deposit money into your CD through your Citi account online. For deposits over $100,000, you’ll need to visit a physical branch.

How do I cash in a CD?

After your CD’s maturity period, you have seven days to make changes to your account. You’re allowed to deposit money, change your term, or withdraw funds without incurring a penalty. However, if you withdraw funds, ensure the money in your CD meets the requirements of your term.

If you take no action during your grace period, your Citi CD renews itself at the same term you opened. Taking any action on your Citi CD will end the grace period and begin your account at your new maturity date.

Benefits of a Citi CD

In addition to standard benefits like daily compounding interest and FDIC insurance, Citi CDs offer a few other perks:

  • Automatic renewal. Your CD renews at each date of maturity for the same term you opened up with.
  • Step-Up CDs. The interest rate for this 30-month CD starts out at 0.20% and increases every 10 months until it hits 0.40%.
  • No Penalty CDs. This 12-month CD offers a 0.05% APY and lets you make a fee-free withdrawal six days after you fund the account.
  • Grace period. You have seven calendar days after the maturity date of your CD to deposit or withdraw funds or make a change to your term.
  • Interest payout monthly. All CD term lengths pay out monthly, with terms of one year or less also payable at maturity.

What to watch out for

When choosing your Citi CD, understand some of its limitations and requirements:

  • Variable minimum deposit. All Citi CDs require a minimum deposit between $500 to $2,500, depending on your state of residence.
  • APYs depend on initial balance. To get the highest APY, you’ll need to deposit more than $25,000.
  • Large in-person deposits. If you plan to deposit more than $10,000, you’ll need to visit your local Citi branch.
  • Early withdrawal penalty. Unless you have a No Penalty CD, withdrawing funds outside of the grace period results in fees ranging from 90 to 180 days’ worth of simple interest, depending on your term.

Compare with other CDs

Name Product 1-year APY 18-month APY 2-year APY 3-year APY 5-year APY
Quontic Bank CD
Lock in a high rate. Minimum of $500 required to open. Open your account in 3 minutes or less
State Exchange Bank CD
Locally-owned independent community bank. FDIC insured. No fees.
CIT Bank Term CDs
Choose from a range of terms with no maintenance fees and $1,000 minimum to open.
Discover CDs
Start saving with $2,500 and enjoy flexible terms from 3 months to 10 years with no account fees.

Compare up to 4 providers

If you find that the benefits don’t outweigh the drawbacks for you, shop around for a CD that offers the most bang for your buck.

How can I get in touch with customer service?

Citi offers a few ways to get in touch:

  • Online chat
  • Call their toll-free number at 800-374-9700
  • Visit a physical branch
  • Send snail mail to customer service: Citi Inquiries: PO Box 6500, Sioux Falls, SD 57117

What other savings products does Citi offer?

In addition to CDs, Citi offers the following savings products:

  • Savings account. If you can maintain a $10,000 balance, a Citi savings account can offer you a strong APY with additional flexibility for accessing your money.
  • IRA. Offers a solid saving opportunity if you meet the requirements.

Frequently asked questions

CDs ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We rate CDs and share certificates on a scale ranging from one to five stars based on what matters most to you. We consider two factors equally when rating CDs: minimum deposits and annual percentage yields (APYs) relative to term length. If a bank requires a different minimum opening deposit depending on the chosen term, we rate the CD based on the average minimum deposit across all terms. And although some institutions offer CDs with terms ranging from one week to 20 years, we only consider term lengths the FDIC uses in its monthly updates on national rates.

Read the full methodology of how we rate CDs.

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