Citi Bank is now offering a high 4.07% APY cd rate – this is by far one of the highest cd rate just for an 18 month cd. The stock market hasn’t done too extremely well in recent months and many people are flocking into low risk investments such as cds, so if you’re one of those people this cd rate may seem like a “treasure chest.” Also this offer is design to help those with poor credit.
As a way to build your credit history, the 18 month cd account is tied in with the Citi Secured MasterCard – if you deposit between $200 and $25,000 into the CD you can get a credit card limit equal to the amount you put into the CD. Customers who are out of credit, with this offer, after the 18 months will be eligible for an unsecured Citi Platinum Select credit card.
To help build your credit score or just looking for great CD Rates, check on Go Banking Rates.
Other Terms and Conditions may apply to this offer – please contact the financial institution to review.
I called Citi-bank today in Houston TX. I was told that this was an error or misprint. They would not honor the rate.
I too called and was told they only honor rates advertised on their website. This is obviously a hoax to get people to call them…reverse cold calling!
I followed the link–but the rate is not listed. The information refers to a “competitive rate.” If it sounds too good to be true….it probably is!
I followed the link too – the disclosure link on the bottom of that link shows the cd rates detail https://www.citicards.com/cards/wv/speedbumpDisclosure.do?screenID=1334
I wonder why citibank didn’t say it on that main page?