Florida and Texas - locals only. CITI Bank is offering various CD rates, including a 4.00% APY CD for a 60 month term, and a 2.50% APY CD for a 24 month term. The CD rates are not listed on CITI's site, and apply only to the states of Florida and Texas. You should call (1-800-627-3999) to check for the rates as they vary by area. Here are more important details:
- Minimum of $2,500 required to open a CD
- New money is required to open an account
- You can open a CD by phone
- Early withdrawal penalties apply
- 7 day grace period after CD maturity for withdrawal without fees
CITI bank suffered heavy losses during the recent banking crisis, but their deposits remain under FDIC protection. You should only worry about the CD suffering from rate cuts.
For more of the latest CD rates news, visit Go Banking Rates as new rates are posted daily.