5.50% 6-Month CD at Citibank (available to all)

Jun 27, 2006 - 8:27 AM by Ken Tumin

Citibank has just started offering a 5.50% APY (5.35% APR) 6-month certificate of deposit that's available on Citibank's website. The minimum deposit is $500.

You can open and fund the CD online. The initial deposit can be done by an ACH transfer from another bank account or by a credit card or debit card (but beware of cash advance fees).

For those who live in Texas, Citibank has a special 6% 6-month CD that can be opened by phone or by visiting a Citibank branch. The CD requires a checking account if you visit a branch (see post).

With the new 5% rate on the e-Savings account and these CD specials, Citibank seems to be aggressively going after deposits. This should help push deposit rates higher at all banks.

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In order of date posted. - Sort by votes

Anonymous - #1, Tuesday, June 27, 2006 - 10:49 AM

Fantastic!

Citibank is gettign really competitve. And, it allows me to keep all my money at one place.

Pulling all my money out of emigratn and ING....with the 5.0% esavings account, and now this, I'm a really happy camper. Citibank rules.

Especially with their new atms at 7 eleven.

Anonymous - #2, Monday, July 24, 2006 - 3:21 PM

Thanks for the 6% notice. I just put $20K of Citi 0% BT money into a 6% Citi CD!

Anonymous - #3, Saturday, July 29, 2006 - 2:45 PM

Thanks! I just opened a 5.5% 6-mo CD there!

Anonymous - #4, Friday, August 11, 2006 - 5:21 AM

Hi i have both Citibank 5.0% Esavings and the new 5.5% CD and am very happy BUT if you call CS and get India JUST HANG UP they have the worst CS when your call goes to India

Anonymous - #5, Monday, October 23, 2006 - 2:40 PM

Hey, I just applied for a 5.5% CD on the last day of the promotion. I haven't funded it yet (was told I have 30 days to fund all accounts), so I just wanted to check - does anyone know if I still get that 5.5% rate? Or do I only get the new 5.25% rate?

Banking Guy (anonymous) - #6, Monday, October 23, 2006 - 6:16 PM

Unfortunately, the 5.50% 6-month CD (and 6% in Texas) is over. It's now 5.25%.

I remember speaking to a Citibank CSR early this month when the Texas 6% CD special was still available. I think he said that you would be locked in at the time of the application. I would suggest contacting Citibank to confirm.

Anonymous - #7, Wednesday, March 19, 2008 - 11:28 AM

Get your butts in gear, this ad is almost 2 years old!

Anonymous - #8, Friday, March 27, 2009 - 7:05 AM

Shame on you citibank, this is misleading. Three years! you need to do some updating.

5.50% 6-Month CD at Citibank (available to all)

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