bank rates

Citi’s Best CD Rates Barely Top 1%

None of Citibank's CD rates are even average when compared with other banks.CD rates at Citi have dropped again.

And while this big bank with more than 1,000 branches has never been a CD superhero, it no longer has any redeeming rates.

The 60-month CD has long been Citibank’s top offering, but now even that term is below average.

Citi’s CD rates typically differ by state or region, but a sampling of ZIP codes on its website ( shows 1.10% APY for 60-month CDs across the board with a $1,000 minimum deposit.

That’s right: States that have enjoyed the highest 60-month CD rates from Citi, like California, Illinois, Florida and Texas, are now earning the same rate as the “national region,” which covers the majority of the country.


The average yield offered by large banks and thrifts for 60-month CDs is 1.34% this week — a new record low.

If you check out the CD Rates Leaderboard, which you should, you’ll see that MainStreet Bank owns the best nationally available 60-month CD rate of 2.50% APY.

Other rates Citi offers for the national region:

3-month CD rates are 0.15% APY vs. an average rate of 0.16% APY. (Top Leaderboard rate is 0.91% APY.)

6-month CD rates are 0.20% APY vs. an average rate of 0.24% APY. (Leaderboard is 1.05% APY.)

12-month CD rates are 0.30% APY vs. an average rate of 0.39% APY. (Leaderboard is 1.21% APY.)

24-month CD rates are 0.35% APY vs. an average rate of 0.59% APY. (Leaderboard is 1.50% APY.)

36-month CD rates are 0.50% APY vs. an average rate of 0.77% APY. (Leaderboard is 1.90% APY.)

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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Comments (2)
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2 Existing Comments
  1. A.Bundy said:
    on September 12th at 09:36 am

    I had a gold account with them, but recently dropped them so fast like there’s no tomorrow. Found another bank that offered 4 times Citicrap’s rate. Never going back to them. They even lost a check I deposited from a Canadian bank for over $200 and they did nothing about it. To this day, I still havent been able to get my money back. A big FU! to this POS bank.

  2. Kathy at Bankaholic said:
    on September 20th at 10:01 am

    Bad news: Many of these rates have gone further south, depending on where you live. I didn’t check all areas, but the 60-month CD now seems to be down to 1.01% APY; 6-month, 0.15%; 12-month, 0.25%; and 24-month, 0.30%.