bank rates

Top CD Rates At Citi: Jaw-Droppingly Low

Citi cut some of its CD rates since last we looked.I wish I had something good thing to say about Citibank’s CD rates.

Seriously, just one thing.

But I don’t. Rates at this big bank with more than 1,000 branches have dropped again.

And, boy, are they low.

The only rate that even matches the average annual yield by large banks and thrifts is for 3-month CDs. But that 0.15% APY doesn’t give Citi any bragging rights.

At 1.01% APY, the 60-month CD, once Citi’s top offering, is nearly a fifth of a percentage below average.

Citi’s CD rates can differ by region, but a sampling of regions on the website ( now reveals that they’re uniformly bad across the United States.

See? Not one good thing.

While CD rates aren’t stellar on our CD Rates Leaderboard, they do beat Citi’s pretty soundly.

The top nationally available 3-month CD rate there is 0.80% APY, and the best 60-month CD rates is 2.20% APY.

A quick recap of Citi’s standard term CD rates:

6-month CD rates are 0.15% APY versus an average rate of 0.22% APY. (Leaderboard leader is 0.88% APY.)

12-month CD rates are 0.25% APY versus an average rate of 0.35% APY. (Leaderboard leader is 1.15% APY.)

24-month CD rate are 0.30% APY versus an average rate of 0.53% APY. (Leaderboard leader is 1.31% APY.)

36-month CD rates are 0.50% APY versus an average rate of 0.69% APY. (Leaderboard leader is 1.65% APY.)

I’m not going to tell you how to buy Citi’s CDs, for obvious reasons.

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. AndyT said:
    on November 11th at 02:25 pm

    Apparently they don’t want any new business, eh?

  2. Kathy at Bankaholic said:
    on November 28th at 09:05 am

    These rates haven’t changed.