A Citi CD can offer strong returns to your investment, but be prepared to make a large in-person deposit to get the highest APY.
Up to 4.15% APY for terms between three months and five years, though the highest rates have steep requirements.
The exception is if you manage to qualify for a Citi featured rate. For a 1-year term, the featured rate rests at 2.50%, which is in line with top competitors like Synchrony Bank. However, to qualify for a featured rate, you must link either a Citigold account or Citi Priority account. Qualifying for a Citigold account requires maintaining at least $200,000 in an eligible account, while Citi Priority costs $30 a month unless you can maintain a minimum balance of at least $50,000. These are both steep requirements considering they only result in a competitive APY rather than the best on the market.
Given the otherwise low APY, it's hard to recommend a Citi CD for anyone other than those already members of Citigold or Citi Priority.
A Citi CD can offer strong returns to your investment, but be prepared to make a large in-person deposit to get the highest APY.
Star rate | 4.6 |
3-month APY | 3.25% |
5-month APY | 0.05% |
6-month APY | 1.10% |
7-month APY | 0.05% |
9-month APY | 1.10% |
11-month APY | 0.05% |
1-year APY | 4.15% |
13-month APY | 0.10% |
14-month APY | 0.10% |
15-month APY | 0.10% |
18-month APY | 4.15% |
2-year APY | 2.00% |
30-month APY | 0.10% |
3-year APY | 2.00% |
4-year APY | 2.00% |
5-year APY | 2.00% |
Early withdrawal penalty | 90 days interest for terms of 1 to 12 months 180 days interest for terms of 13 + months |
Minimum deposit to open | $500 |
Interest compounding | Daily |
11-month APY | 0.10% |
1-year APY | 0.10% |
13-month APY | 0.10% |
14-month APY | 0.10% |
15-month APY | 0.10% |
18-month APY | 0.10% |
20-month APY | 0.10% |
2-year APY | 0.15% |
28-month APY | 0.15% |
30-month APY | 0.15% |
Early withdrawal penalty | 180 days interest for terms of 1 to 30 months |
Minimum deposit to open | $500 |
Interest compounding | Daily |
1-year APY | 3.10% |
Early withdrawal penalty | Early withdrawal penalty not advertised |
Minimum deposit to open | $500 |
Interest compounding | Daily |
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.
Opening a Citi CD in CA and NV require a $1,000 deposit. Accounts opened in MD, DC, VA, and FL require a $2,500 deposit. All other states require at least a $500 deposit.
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:
For a better idea of how Citi CD rates stack up to the competition, click up to 4 accounts and click “Compare” to see them side-by-side.
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.
There aren’t many available customer reviews of Citi CDs available on social media. Citibank is not accredited with the Better Business Bureau and currently sports an F rating. The bank has a 1.7 out of 5 customer rating on Trustpilot, with several reviews citing poor customer service.
★★★★★ — 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.
Citi CD is not currently available on Finder
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Steven Finder
Senior writer
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