Citibank Offering 6 Month CD at 4% APY

Article Submitted by: BankMan
Savings - Checking - CDs


Citibank is offering a competitive 6 month CD paying 4% APY.

 

Submitted: Oct 22, 2008    Views: 2783    Comments: 5    Likes: 1   


UPDATE:  Citibank has lowered the rates on its 6 month CD.  Please check the Citibank website for the most up-to-date rates.

Citibank is getting a bit more aggressive with its rates and is offering a competitive 6 month CD paying 4% APY.  There is a minimum balance requirement of $500 to open the account.

4% is competitive when stacked against the best 6 month cd rates.

As is expected from a large bank, Citibank has an all electronic process for opening an account online.  You verify your identify by answering a few financial questions which they match against a credit report.  Once you are verified, the account is opened and you can transfer money into it from another via using your checking account number and your routing number.  Or, you can fund it via a credit or debit card.


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Comments Received:

Can't verify this rate
(Unregistered)

I check the website and they indicate 3.50%.

Posted: Nov 17, 2008

Chris
(Unregistered)

I went with venturebankdirect.com. They are offering 3.8% APY with no minimum balance on their online savings account.

Posted: Nov 17, 2008

StupidOne
(Unregistered)

The rate is now 3.10%.

Posted: Nov 17, 2008

Marcus
(Unregistered)

Thanks for the tip Chris, I went with Venture Bank Direct and have been happy so far. They are in the process of adding an online checking account to their mix. Also their interest rate is now 3.6% APY.

Posted: Dec 15, 2008

Madeline
(Unregistered)

What is your current 6 month cd rate.

Posted: Apr 6, 2009



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