What is Citibank's current CD rate?

Citi's CD page loads rates dynamically and we could not read them on October 15, 2026, so we do not list one. Citi sets rates by term and balance range. Check the rate for your term on citi.com or in a branch before opening.

What is the minimum deposit for a Citibank CD?

Citi's CD page lists a $500 minimum deposit for its Fixed Rate, No Penalty and Step Up CDs. FDIC insurance covers up to $250,000 per depositor, per ownership category.

What is the early withdrawal penalty for a Citibank CD?

Citi says the penalty depends on the type of CD, the term, the amount of principal withdrawn and the interest rate. A No Penalty CD has no withdrawal penalty beginning 7 days after funding. Check the terms for your CD before opening.

Does Citibank offer a no-penalty CD?

Yes. Citi's No Penalty CD lets you withdraw your full balance without a penalty beginning 7 days after the CD is funded.

Citibank CD Rates 2026: CD Types, Terms, Minimums and Penalties

Citibank sells fixed-rate CDs, no-penalty CDs and Step Up CDs, with terms from 3 months to 5 years and a $500 minimum deposit. Citi’s CD page loads its rates dynamically, so we could not read APYs when we checked on October 15, 2026, and this page does not list any. Check the rate for your term on citi.com before opening.

Citibank CD Types

CD type	What Citi’s page says
Fixed Rate CD	Terms from 3 months to 5 years; early withdrawal penalty applies; $500 minimum deposit
No Penalty CD	No withdrawal penalty beginning 7 days after funding; you can withdraw the full balance; $500 minimum deposit
Step Up CD	Fixed interest rate that automatically increases every 10 months; early withdrawal penalty applies; $500 minimum deposit

Source: Citi’s certificate of deposit page. Citi notes a minimum balance may apply to earn the stated APY.

Key Terms

Minimum deposit: $500 for each CD type listed above
FDIC-insured: Yes, up to FDIC limits
Interest: Compounded daily
Early withdrawal penalty: Citi says penalties depend on the type of CD, the term, the amount of principal withdrawn and the interest rate; check the account terms for the amount on your CD
Auto-renewal: CDs renew automatically at maturity for the same term at the rate in effect on the renewal date
Grace period: Up to 7 calendar days after maturity to close the CD without penalty or make changes; making a change ends the grace period and resets the opening date
Maturity notice: Citi says it sends one approximately 30 days before maturity

Promotional and Featured Rates

Citi can set different rates by term and balance range, so one term may pay noticeably more than another. Compare the specific term you want, rather than a single headline rate, and note that a renewing CD gets the rate in effect on the renewal date, which may differ from the one it opened at.

Citibank CD vs. Competitors

For rates, compare the dated rates in our best CD rates guide with what Citi shows for your term. The FDIC’s national average 12-month CD rate was 1.76% as of October 19, 2026.

Who Should Open a Citibank CD?

A Citibank CD can make sense if you already hold funds at Citi and want to keep them in one place, or if you want a no-penalty or step-up option from the same bank. For most savers, it is worth comparing Citi’s rate for your term against online banks before committing.

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy