High CD Rates

Once again, we here at Highest CD Rates Info are going to take another look at the latest Citibank CD rates.

Citibank is one of the largest banks in the United States and despite its poor performance in recent quarters; it has managed to do relatively well and stay afloat while its competitors fell pray to a massive financial crisis. Citibank CD rates reflect the company business strategy and its outlook on attracting future investments.

Citibank requires a minimum deposit of $500 for opening a CD account. A 3-month CD at the bank currently returns an APY of 0.25%. A 6-month CD returns an APY of 0.35% whereas a 9-month CD returns an APY of 0.50%.

CD rates at Citibank for the standard investment of 1-year currently accrue an APY of 0.85%. An 18-month CD returns an APY of 1.00%. A 2-year investment at Citibank returns an APY of 1.15%.

A 30-month CD will yield 1.25% whereas a three year investment returns an APY of 1.50%. A 4-year investment returns an APY of 2.00% whereas a 5-year investment will yield 2.50%. There is also an option of investing in option CD with a standard APY of 0.50%. Interest is paid monthly on all CDs that have terms greater than a year; otherwise, it is paid on the maturity of the certificates.

CDs are renewed automatically on the maturity though a grace period of seven days is given so that the customers can rethink their options. Penalties are applied in case of early withdrawals but no fees are charged otherwise. All online banking features are applicable on CD investments.