bank rates

Citi CD Rates Are Soooooooo Loooowwww

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Every couple of months, I shoulder the thankless task of updating Bankaholic readers on Citibank’s CD rates.

Let me give you a sense of how depressing that is.

Citi now pays just 0.50% APY for 60-month CDs, down a tenth of a percentage point from early April.

That just edges out the top nationally available 3-month CD rate on our CD Rates Leaderboard.

I’m providing this apples-to-oranges comparison to show just how terrible all of the returns on Citi certificates of deposit have become.

Not a single term beats the average annual yield large banks and thrifts are paying, and every single one of those is at a record low.

The average annual yield for 60-month CDs is 0.77%. The Leaderboard rate is 1.75% APY.

And specials? What specials? I can’t recall the last time I saw one of those at the nation’s third-largest bank by assets, with $930 billion in deposits.

Citi’s other standard term CD rates:

3-month CD rate is 0.05% APY versus an average rate of 0.11% APY. (Leaderboard leader is 0.48% APY.)

6-month CD rate is 0.10% APY versus an average rate of 0.15% APY. (Leaderboard leader is 0.88% APY.)

12-month CD rate is 0.20% APY versus an average rate of 0.24% APY. (Leaderboard leader is 1.05% APY.)

24-month CD rate is 0.25% APY versus an average rate of 0.38% APY. (Leaderboard leader is 1.25% APY.)

36-month CD rate is 0.35% APY versus an average rate of 0.47% APY. (Leaderboard leader is 1.50% APY.)

All Citi CDs require a minimum deposit of $500.

Citi divides the United States into 16 regions and can vary its CD rates by region. You can put in your ZIP code on the website.

We used rates for the “national region,” which Citi classifies the majority of the country as.

You can learn more about Citi at or call 800-374-9500.

There are definitely better deals out there, and you’ll find them if you compare Citi’s returns with the best CD rates from scores of other banks in our extensive database.

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