bank rates

Yes, Citibank’s CD Rates Are Worse

Citi cut some of its CD rates since last we looked.Sometimes this job is frustrating.

Week after week, I scour countless bank and credit union websites — seriously, I’ve lost count at how many I’ve looked at — as I try to find the best CD rates in the country.

I rarely find top CD rates where I should — at big banks like Citi, which has 1,000 branches.

Sometimes, I find the highest nationally available rates where I shouldn’t — at community banks. With just one or a few branches, they are unable or unprepared to deal with an onslaught of savers eager for decent CD rates.

Big banks like Citi, I remind you, have readily taken money from the federal government but done nothing for savers in return.

Speaking of Citi, its CD rates haven’t improved since the last time I checked.

Some are actually worse.

As with many other big banks, Citi’s CD rates differ by state or region. And you really need to live in the right place to get an above average — or even an average — rate. (And nearly every average rate is a record low this week.)

In mid-March, California residents earned 2.00% APY for 60-month CDs. Those same West Coast savers now earn just 1.75% APY.

But Floridians still earn 1.75% APY; and Texans, 1.50% APY. The “national region,” which covers most of the country, remains at just 1.25% APY.

Not great, especially considering the average yield offered by large banks and thrifts for 60-month CDs is 1.70%.

But the 60-month leader on our CD Rates Leaderboard continues to pay 2.93% APY. New York City-based Melrose Credit Union owns that rate.

Other rates Citi offers for the national region:

3-month CD rates are still 0.15% APY vs. an average rate of 0.18% APY. (Top Leaderboard rate is 0.81% APY.)

6-month CD rates are 0.20% APY, down from 0.25% APY, vs. an average rate of 0.27% APY. (Leaderboard is 1.12% APY.)

12-month CD rate are 0.30% APY, down from 0.45% APY, vs. an average rate of 0.45% APY. (Leaderboard is 1.41% APY.)

24-month CD rates are 0.60% APY vs. an average rate of 0.69% APY. (Leaderboard is 1.66% APY.)

36-month CD rates are 1.01% APY vs. an average rate of 1.03% APY. (Leaderboard is 2.17% APY.)

Find better deals 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 (6)
1 Star2 Stars3 Stars4 Stars5 Stars (2 votes, average: 1.00 out of 5)
6 Existing Comments
  1. Jim S. said:
    on May 31st at 12:20 pm


    Well, I for one appreciate you doing this. Don’t get too frustrated, things will change. You and your partner have gotten me into some of the best deals out there, even though they were short lived.

    Thanks again!

  2. Lee said:
    on June 1st at 07:06 pm

    Where were your great deals. This is a good site but the best deals always seem to be for locals only.

  3. Darci Smith said:
    on June 3rd at 10:21 am

    Jim: You’re welcome! We’ll keep finding those deals for you. Promise.

    Lee: Be sure to always check our CD Rates Leaderboard for the top nationally available CD rates. You can find the current one at

    Also, I provide a complete ranking for at least one term each week. A post about the best 60-month CD rates available nationally will be up on the site soon.

  4. Jim S. said:
    on June 5th at 10:53 am


    The good deals were IGOBanking’s 24 mo. CD at 2.25% APY last November and more recently, SalemFive’s 24 mo. CD at 1.75% APY.

    Any really good deals get over subscribed to very quickly and the institution pulls them. 1-2 months is about the max for the best deals.

  5. Kathy at Bankaholic said:
    on June 24th at 08:29 am

    Citi’s national rate for 24-month CDs has slipped to 0.50% APY as of today, and the 36-month rate is down to 0.90% APY. The other rates remain the same.

  6. Kathy at Bankaholic said:
    on July 13th at 11:25 am

    The lower 24-month and 36-month rates (see previous comment) are still on the books as of today. The other rates remain the same as in the original post.