CitiBank Current Bank CD Rates

Citibank is offering some very competitive CD rates for a national bank. The bank is offering a special promotional 24 month certificate of deposit. The current annual rate is 1.73 percent and the current annual percentage yield (APY) is 1.75 percent.

Citibank’s 12 month certificate of deposit rate and yield are higher than the national average CD rate and CD yield. Citibank is currently offering a 12 month CD rate at 1.19 percent with an APY of 1.20 percent.

Other CD rates include a three month CD rate of .25 percent with an APY of .25 percent. Five month CD rate and yield of .50 percent. An eight month CD rate and yield of .60 percent. Five year certificate of deposit rates are currently at 2.71 percent.

As you probably are aware the government has come to the rescue of Citibank last year during the height of the credit crisis. The bank has participated in the government’s Trouble Asset Relief Program (TARP).

Despite the fact the Citibank was in trouble last year there is little risk that the government will let Citibank fail because “its to big to fail”. That being said even if the bank did fail deposit accounts are still insured by the Federal Deposit Insurance Corporation (FDIC).

Citibank also offers credit cards, mortgages and auto loans.

Citibank CD Rates