Table of Contents In this article

Why You Can Trust CNET Money

Our mission is to help you make informed financial decisions, and we hold ourselves to strict . This post may contain links to products from our partners, which may earn us a commission. Here’s a more detailed explanation of .
Editorial Guidelines

Writers and editors and produce editorial content with the objective to provide accurate and unbiased information. A separate team is responsible for placing paid links and advertisements, creating a firewall between our affiliate partners and our editorial team. Our editorial team does not receive direct compensation from advertisers.

How we make money

CNET Money is an advertising-supported publisher and comparison service. We’re compensated in exchange for placement of sponsored products and services, or when you click on certain links posted on our site. Therefore, this compensation may impact where and in what order affiliate links appear within advertising units. While we strive to provide a wide range of products and services, CNET Money does not include information about every financial or credit product or service.

Advertiser Disclosure

CNET editors independently choose every product and service we cover. Though we can’t review every available financial company or offer, we strive to make comprehensive, rigorous comparisons in order to highlight the best of them. For many of these products and services, we earn a commission. The compensation we receive may impact how products and links appear on our site.

Citibank CD Rates for June 2023

Think big banks don't offer higher-yielding CD rates? Citibank may change your mind.

Citibank, the fourth largest bank in the US, offers three types of certificates of deposit, with featured rate specials for a few CD terms that rival the best rates from both brick-and-mortar and online-only banks. Citi’s fixed-rate, step-up and no-penalty CDs each offer competitive rate options that are rare among the big brick-and-mortar banks.

Terms for Citibank’s CDs range from three to 60 months (five years). All its CDs can be purchased with a low minimum deposit of $500. An early withdrawal penalty of 90 days of simple interest will be imposed on terms of one year or less. For CDs with terms greater than one year, the early withdrawal penalty is 180 days of simple interest.

Citibank CDs: At a glance

CD typeFixed-rateStep-upNo-penalty
Minimum deposit$500$500$500
TermThree to 60 months30 months12 months
Compounding scheduleMonthlyMonthlyMonthly
Early withdrawal penalty90 to 180 days of interest180 days of interest90 days of interest
Grace periodSeven daysSeven daysSeven days

Citibank’s CD rates

Citibank offers three featured rates for its three-, 12- and 18-month fixed-rate CDs. Its no-penalty CD option is competitive compared with similar no-penalty CDs offered at other banks. With its reasonable $500 minimum deposit, Citibank provides many competitive options for a wide range of savers. 

However, not all CD terms are competitive. Ten- and 11-month fixed-rate CDs, for example, each offer a paltry 0.05% annual percentage yield. (To compare top-yielding CD rates at other major banks and credit unions, check out CNET’s list of best CD rates.)

Fixed-rate CD

CD termAPYMinimum deposit
3 months3.25%$500
4 to 5 months0.05%$500
6 months1.10%$500
7 to 8 months0.05%$500
9 months1.10%$500
10 to 11 months0.05%$500
12 months4.15%$500
13 to 15 months 0.10%$500
18 months4.15%$500
24 months2.00%$500
30 months0.10%$500
36 to 60 months2.00%$500
APYs are as of Dec. 9, 2022.

Step-up CD

CD termAPYMinimum deposit
30 months0.10%$500
APYs are as of Dec. 9, 2022.

No-penalty CD

CD termAPYMinimum deposit
12 months3.10%$500
APYs are as of Dec. 9, 2022.

Note: CNET’s editorial team updates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products.

How much can you earn with Citibank CDs? 

The following table shows how much interest you can earn across a variety of Citibank CDs if you invest $10,000 in a CD that compounds monthly. 

Interest earned on a $10,000 CD

CD term and typeAPYInterest earned
Three-month fixed-rate CD3.25%$80.28
12-month fixed-rate CD4.15%$415
18-month fixed-rate CD4.15%$629
30-month step-up CD0.10%$25
12-month no-penalty CD3.10%$310
APYs are as of Dec. 9, 2022.

How do Citibank’s CD rates compare?

Citibank offers a variety of CDs with competitive rates. The bank also provides the ability to ladder its CDs. Citi’s featured rates, such as its 1-year CD, provide a competitive option from a large bank that provides a wide range of services and products. As of Dec. 9, 2022, Citibank’s one-year fixed-rate CD has an APY of 4.15%, while the same CD term from CFG Bank, for example, earns a 4.65% APY. Citibank may lag compared with its competition, but many of its CD rates continue to keep pace with other major banks.

Additional savings options at Citibank

The Citi High-Yield Savings account earns a competitive 3.25% APY which is uncommon among big banks. Account holders may be charged a $10 monthly maintenance fee without waivers, such as making one direct deposit per month or maintaining a $1,500 balance. 

Toni Husbands is a staff writer with CNET Money who enjoys exploring topics that promote financial wellness. She began writing about personal finance to document her experience paying off $107,000 of debt, which is detailed in her book, The Great Debt Dump. Previously, she contributed as a freelance writer for websites, including, Centsai and Wisebread. She was also a regular contributor to Business AM TV, and her work has been featured on Yahoo News. Being a part-time real estate investor and amateur gardener also brings her joy.