Citibank CD Specials - 2.50% 8-month in CA & 2.75% 12-month in TX

Update 4/21/09: Citibank's CD rates have fallen. For Texas, the special 12-month rate is now 2.40% APY. The online 12-month CD rate has also fallen. It's now 2.25% APY. Please check Citibank for the latest rates in your area.

Citibank is advertising some competitive CD specials. These don't seem to be listed at Citibank's website. The rates have been advertised in today's newspapers (03/29/09). Rates and terms vary by state, and a Citibank checking account is required. In California, Citibank is advertising a 2.50% APY 8-month CD in today's Sacramento newspaper and Riverside newspaper. Minimum deposit is $1,000. In Texas, Citibank is advertising a 2.75% APY 12-month CD in today's Dallas newspaper. If you see Citibank advertising similar special CDs in your area, please leave a comment.

Citibank continues to list an online 12-month CD with a fairly competitive rate of 2.50% APY at its website. Minimum deposit is $500, and there is no checking account requirement.

Citibank has been in the news quite a bit this year as the government has been trying to keep Citigroup from failing. This WSJ article and this Time article provide some of the recent history of Citi's troubles along with opinions about its future. If you're a depositor and keep under the FDIC limits, there's little to worry about (Citibank's FDIC Certificate # 7213).

Tags: California, Citibank, CD rates, Texas