bank rates

Citibank’s Terrible CD Rates Hold Steady

Citibank’s CD rates haven’t changed in two months.

And that’s about the only positive thing we have to say in this review of the New York-based big bank with more than 1,000 branches.

Citi’s only above-average rate remains for the 3-month term.

But that’s 0.15% APY compared to the record-low average annual yield of 0.13% offered by large banks and thrifts.

You’ll earn higher rates for this and every other term on our CD Rates Leaderboard.

The top nationally available 3-month CD rate is 0.65% APY, an offering of E-Loan.

If you follow our weekly reviews of big banks, you already know that Citi isn’t the only big bank with terrible rates these days.

And you may wonder why we continue to report on this sad state of affairs week after week. Honestly, we think it’s a valuable service to savers who may think it’s easier to just buy certificates of deposit from a big bank they already have a relationship with.

It’s really not – most of the banks on our CD Rates Leaderboard make it extremely easy to invest with them, whether you’re able to access a bricks-and-mortar branch or not.

Now back to Citi. With a minimum deposit of $500, Citi’s current CD rates are:

6-month CD rate is 0.15% APY versus an average rate of 0.19% APY. (Leaderboard leader is 0.93% APY.)

12-month CD rate is 0.25% APY versus an average rate of 0.30% APY. (Leaderboard leader is 1.10% APY.)

24-month CD rate is 0.30% APY versus an average rate of 0.47% APY. (Leaderboard leader is 1.25% APY.)

36-month CD rate is 0.40% APY versus an average rate of 0.59% APY. (Leaderboard leader is 1.42% APY.)

60-month CD rate is 0.75% APY versus an average rate of 0.97% APY. (Leaderboard leader is 1.85% APY.)

Citibank can vary its CD rates by the 16 regions it divides the United States into, so you should type in your ZIP code on the website. These rates are for the “national region,” which includes most states.

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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Comments (1)
1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 1.67 out of 5)
One Existing Comment
  1. CitiSucks said:
    on October 22nd at 07:02 pm

    i moved out fast as soon as their rate dropped a few years ago. terrible customer service, and their chinese racist branch in flushing NYC made things alot worse. they lost my $200 check, that i had proof of deposit, yet they never reimbursed me. what a horrible bank!