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Citi CD Rates for September 2022

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Citi CD rates are surprisingly competitive for a brick-and-mortar bank. With their variety of terms, low deposit requirements, and above-average APYs, Citi CDs are a good fit for savings balances of any size. Read our review to learn more about Citi CD rates and how they compare to the CDs you find with other top banks.

Citi CD rates for September 2022

Citi Fixed Rate CD
  • 1 Year APY: 2.50%
  • 2 Year APY: 1.01%
  • 3 Year APY: 1.01%
  • 4 Year APY: 1.01%
  • 5 Year APY: 1.01%
Rates as of Sept. 22, 2022
Term
Citi Fixed Rate CD
1 Year
2 Year
3 Year
4 Year
5 Year
2.50%
1.01%
1.01%
1.01%
1.01%

Compare Citi CD rates

Citi's CD interest rates are higher than other large brick-and-mortar banks, though some online banks have it beat. See how it stacks up to some of its competitors in the table below.

Rates as of Sept. 22, 2022
Lender
Account
1 yr. apy
2 yr. apy
3 yr. apy
4 yr. apy
5 yr. apy
Min. deposit
Early Withdrawal Penalty
Next Steps
Logo for CIT Bank CD
Member, FDIC
0.30%
0.40%
0.40%
0.50%
0.50%
$1,000
Yes
Logo for Discover High Yield CD
Member, FDIC
2.70%
3.00%
3.10%
3.15%
3.25%
$2,500
Yes
Logo for Marcus by Goldman Sachs High Yield CD
Member, FDIC
Marcus by Goldman Sachs High Yield CD
3.00%
3.10%
3.15%
3.20%
3.30%
$500
Yes

Citi's CD review

Citi Fixed Rate CD

Pros

  • Variety of term lengths
  • Competitive rates for a big bank
  • Low minimum balance requirement

Cons

  • Higher balance requirements in some states

Citi CD interest rates are competitive with its big bank competitors, with term lengths ranging from three months to five years. Citi also offers some unusual short-term CDs you won't find with many other banks. Its minimum deposit is $500 in most states, but a few states have higher minimum requirements. If you'd like to benefit from Citi CD interest rates, make sure you have enough to meet the account minimum.

Other Citi CD accounts

Citi also offers the following CD accounts:

  • Step Up CD
  • No Penalty CD

FAQs

  • A Citi CD is a great fit for those with at least $500 they don't expect to spend in the next few months or years. It's also a good choice for those who prefer brick-and-mortar banking but still want to earn a high rate.

  • Citi CDs come with a variety of terms, reasonably high APYs, and low minimum balance requirements, so you can build a CD ladder or just use one to grow your savings. What is CD Laddering? See if this is the right strategy for your portfolio.

  • A Citi Fixed Rate CD could be right for you if you want to earn a competitive rate on your savings and you have at least $500 to spare.

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