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Citibank Offering 6 Month CD at 4% APY

Citibank Offering 6 Month CD at 4% APY

Rate information contained on this page may have changed. Please find latest cd rates.

Author: Cindy Lewis on October 23, 2008

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

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.

Compare rates on 6 month certificates of deposit (cds).

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Today's Highest Online CD Rates

Bank	Product Term	Interest Rate (APY)
Finworth, a division of InsBank	1-Year	5.38% APY with $50,000 minimum
TotalDirect, a division of City National Bank of Florida	1-Year	5.35% APY with $25,000 minimum
Rising Bank, a division of Midwest BankCentre	1-Year	5.31% APY with $1,000 minimum
Dollar Savings Direct, a division of Emigrant Bank	3-Year	5.00% APY with $1,000 minimum
First Internet Bank of Indiana	3-Year	4.66% APY with $1,000 minimum
IncredibleBank	3-Year	4.58% APY with $1,000 minimum
First Internet Bank of Indiana	5-Year	4.55% APY with $1,000 minimum
BMO Alto, a division of Bank of Montreal Harris	5-Year	4.50% APY with no minimum
Department of Commerce	5-Year	4.34% APY with $500 minimum

See More Online CD Rates →

Comments

Can't verify this rate

November 18, 2008

I check the website and they indicate 3.50%.

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Chris

November 18, 2008

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

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StupidOne

November 18, 2008

The rate is now 3.10%.

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Marcus

December 16, 2008

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.

Is this review helpful? Yes:0 / No: 0