Citi® CD Rates: What You Need To Know Before You Open One

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 Years
Helping You Live Richer

Reviewed
by Experts

Trusted by
Millions of Readers

Citi offers a few types of CDs. Here’s a breakdown of the rates currently on offer.

Citi Fixed Rate CDs

Citi’s Fixed Rate CDs range from 3 months to 5 years. These accounts offer consistent rates and predictable returns.

Citi Featured CDs

Citi periodically offers Featured CDs with special rates on select terms.

Citi No Penalty and Step Up CDs

If you need more flexibility, consider one of these specialty CDs:

• No Penalty CD: Withdraw your entire balance anytime after the first six days without incurring a penalty.
• Step Up CD: Your rate automatically increases every 10 months, letting you benefit from higher returns over time without worrying about changing national rates.

Pros and Cons of Citi CDs

When considering a new CD account, it can help to weigh the pros and cons.

Pros

• Variety of terms: Ranging from 3 months to 5 years, making it easier to build a CD ladder.
• Flexible options: No Penalty and Step Up CDs offer more control over your money.
• Competitive rates: Particularly for larger balances or customers in certain Citi membership tiers.
• FDIC insured: Your funds are protected up to $250,000 per depositor, per institution.
• Automatic renewal: Maturity proceeds roll over into a new CD if you take no action.

Cons

• Penalties for early withdrawal: These could cut into your earnings if you need your funds sooner.
• Rates may vary by location: Check local branches or the website for specifics.
• Minimum opening deposit: $500 requirement may be high for some savers.

How Much Can You Earn With a Citi CD?

The amount you can earn will vary based on the CD term length, APY and the amount you initially deposit. Here are a few examples:

Estimated CD Earnings at Citi

You can also use this Savings Calculator from GOBankingRates to estimate how your savings can grow over time.

How To Open a Citi CD: 4 Quick Steps

Opening a Citi CD account can be done online or by visiting a branch. Follow these steps to get started:

1. Choose your CD: Compare Citi CD types and terms to find the right one for you.
2. Check eligibility: You must be at least 18 years old and have a U.S. address, a Social Security number and valid identification.
3. Apply online or in-person: Most CDs can be opened online, but if you are depositing more than $250,000, you must visit a branch or call customer service.
4. Fund your CD: Transfer money from an existing Citi account or another bank to meet the minimum deposit requirement.

Citi CD Rates vs. Other Banks

Citi has plenty of competition when it comes to CDs. Here’s how Citi’s 12-month Fixed Rate CD stacks up against comparable CDs from several other banks.

CD Rate Comparison

SELECTED BANK

4.3

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

Citi CD Accounts

Start Banking

MOST COMPARABLE

3.2

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

Bank of America CD Account

Read Review

MOST COMPARABLE

3.3

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

Wells Fargo CD Account

Read Review

Fees

Fees

Fees

No monthly service fee

Early withdrawal fees apply

Early withdrawal penalty may apply

APY

APY

APY

Up to

to

Up to

Min Opening

Min Opening

Min Opening

$500

$1,000

$2,500 to $5,000

Is a Citi CD Right for You?

Citi could be a solid choice if you’re already a customer or if you’re interested in a CD ladder strategy. By staggering multiple CDs with different maturity dates, you gain periodic access to your funds while enjoying the higher rates typical of longer terms.

However, if maximizing APY is your top priority, consider exploring smaller or online-only banks that sometimes offer more competitive rates.

Ideal for:

• Current Citi customers
• Ability to CD ladder
• High APYs on the 5-month and 7-month CDs

Not ideal for:

• If you need to access your money frequently
• Might not offer enough gains against inflation
• Not the most competitive rates compared to online banks

Final Take

Citi CD rates can be competitive, especially for customers with a Citi checking or savings relationship. A wide variety of term lengths and specialty CDs provide flexibility for different types of savers. Compare Citi’s rates with other banks’ CD offerings to find the best fit for your goals.

More on Citi

• Citi Review
• Citi Hours
• Citi Account Login
• How To Avoid Citi’s Monthly Fees
• Citi Savings Account Interest Rates

Daria Uhlig and Sabah Karimi contributed to the reporting for this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 1, 2025.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

Share This Article: