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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.
0.1%
1-year APY
0.1%
3-year APY
0.15%
5-year APY
Minimum deposit to open | $500 |
---|---|
Interest compounding | Daily |
3-month APY | 0.05% |
5-month APY | 0.25% |
6-month APY | 0.05% |
7-month APY | 0.05% |
9-month APY | 0.05% |
11-month APY | 0.05% |
1-year APY | 0.1% |
13-month APY | 0.1% |
15-month APY | 0.1% |
18-month APY | 0.1% |
2-year APY | 0.1% |
3-year APY | 0.1% |
30-month APY | 0.1% |
4-year APY | 0.1% |
5-year APY | 0.15% |
Early withdrawal penalty | 90 days interest for terms of 1 to 12 months 180 days interest for terms of 13 + months |
Review by
Steven Dashiell is a credit cards writer at Finder. He's worked on 250 Finder articles and counting, helping readers embrace and maximize credit cards. Backed by nearly a decade of research and reporting experience, Steve's work can be seen on Debt.com, CreditCards.com and Lifehacker.
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.
You can easily apply for a Citi CD by filling out an online application.
To apply for a Citi CD, you’ll need to have an account with Citi and have a physical address in the US.
You’ll be able to sign up for a Citi account prior to activating your CD. Have the following ready:
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.
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.
In addition to standard benefits like daily compounding interest and FDIC insurance, Citi CDs offer a few other perks:
When choosing your Citi CD, understand some of its limitations and requirements:
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.
Citi offers a few ways to get in touch:
In addition to CDs, Citi offers the following savings products: