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Citibank CD Rates: July 2026

Citibank offers a variety of CDs, although only one has high rates

By

Rebecca McClay

Updated June 29, 2026

Financial advisor in meeting with client about CD rates — Thomas Barwick / Getty Images

Key Takeaways

Citibank's CDs come with a wide range of rates, with yields up to 3.50% APY.
Citi offers several types of CDs—fixed-rate, step-up, and no-penalty—all with a $500 minimum deposit.
Citi offers decent rates compared to some banks, but they may not match the best CD rates available.
One of the three largest banks in the U.S., Citibank is a full-service financial institution with a variety of deposit accounts among other banking products and services.

Important

Citibank's CD rates may vary by location, and the rates listed below may not be available in all ZIP codes. The APYs listed below use NYC ZIP code 10001.

Citibank Fixed-Rate CD Overview
CD Term	APY
3 months	0.05%
4 months	2.00%
5 months	3.25%
6 months	2.25%
7 months	2.00%
8 months	2.75%
9 months	2.75%
10 months	0.05%
11 months	0.05%
1 year	3.50%
13 months	2.00%
14 months	0.10%
15 months	2.50%
18 months	2.00%
2 years	3.00%
30 months	0.50%
3 years	2.00%
4 years	2.00%
5 years	2.00%

Citibank also offers a Step Up Rate CD with a 30-month term and a 0.10% APY, as well as a No-Penalty CD with a 12-month term, a 0.05% APY, both with a minimum deposit requirement of $500.

Citibank CDs: Key Features

Fixed Rate CD Key Features
APY Range	0.05%–3.50%
Minimum Deposit	$500
Term Range	3–60 months
Early Withdrawal Penalty	90 days of simple interest for CDs with a term of 1 year or less 180 days simple interest for CDs with terms longer than 1 year

The Step Up CD has a fixed interest rate that increases over the term. Upon maturity, this CD will renew into a standard Fixed Rate CD.

The No Penalty CD allows you to withdraw your money (and interest) with no fee beginning after the sixth day after you make the minimum deposit. Partial withdrawals are not permitted. You cannot renew a No Penalty CD into another No Penalty CD. When the CD matures, if you allow it to automatically renew it will renew into a standard Fixed Rate CD.

Pros and Cons of Citibank CDs

Pros

Variety of CD options
Low minimum deposit

Cons

Potentially higher rates elsewhere
Early withdrawal penalty

Pros Explained

Variety of CD options: Citibank offers three types of CDs and a wide variety of terms to provide options.
Low minimum deposit: Citibank CDs have a fairly low minimum deposit requirement of $500.

Cons Explained

Potentially higher rates elsewhere: Many of Citibank's CDs offer very low rates so you can likely find higher rates by shopping around.
Early withdrawal penalty: Like many CDs, Citibank CDs charge a fee if you withdraw your money before the term ends. You'll pay 90 days of simple interest for CDs with a term of 1 year or less 180 days simple interest for CDs with terms longer than 1 year.

About Citibank

Citibank is a global financial services firm that serves more than 200 million customers in 160 countries around the world. The bank was founded in 1812 in New York City.

Citibank also offers savings accounts, checking accounts, money market accounts, and many credit card options.

Alternatives to Citibank CDs

High-yield savings accounts: If you’re willing to open an online savings account elsewhere, you may be able to earn higher rates than what Citibank CDs offer. See the best high-yield savings account rates to compare how much you could earn.
High-yield checking accounts: You may find relatively high rates with some checking accounts. Be aware of their requirements and limits. The best high-interest checking accounts give you easy access to your money.
Certificates of deposit (CDs): You can also choose from a range of CDs from other financial institutions.
Money market account: Money market account can also provide a return on your savings. Check the best money market account rates to see how it compares.
Treasury securities: These government-backed bills, notes, and bonds sometimes offer even higher rates than CDs and may be more liquid.

Frequently Asked Questions (FAQs)

Is Citibank a Good Investment for CDs?

Citibank offers competitive APYs that exceed 2.50% for certain terms with its Fixed Rate CDs. However, some of its CD terms come with very low rates, so those wouldn’t offer a particularly good return on your investment.

Some other banks offer APYs that sometimes exceed 5.00%, whereas Citibank’s CD APYs usually don’t get that high. It’s worth shopping around and comparing your options to find the best place for your money—learn more with our picks for the best overall CD rates.

How Do You Get the Best CD Rate With Citibank?

As of publication, Citibank offers its best rate (over 3.00% APY) on certain terms with its Fixed Rate CD. All of Citibank’s CDs require a $500 minimum deposit.

Warning

Withdrawing your money from a CD before it matures will usually trigger an early withdrawal penalty. With the exception of its No Penalty CDs, Citibank charges an early withdrawal fee equal to 90 days or 180 days of interest, depending on your term length.

Does Citibank Have a 3-Month CD?

You can choose a three-month term on Citibank’s Fixed Rate CD. This three-month CD comes with a low APY and requires a minimum deposit of $500.

What Is Citibank’s Highest-Paying 12-Month CD?

The highest paying 12-month CD at Citi is the Fixed Rate CD which pays 2.00%. The special benefit of the No Penalty CD is that you can withdraw your money early without penalty as long as it’s been at least six days since you made the minimum deposit.

Your Guide to CDs

Article Sources

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Federal Reserve. "Large Commercial Banks."
Citi. "Certificate of Deposit Account Rates."
Citibank. "Client Manual — Consumer Accounts."

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