Citibank continues to offer some competitive CD specials. The best ones aren't listed at the bank's website. They're only available at Citibank branches or by phone, and the rates vary by state. Also, a Citibank checking account is required. In my Sunday post, I listed CD specials in Texas and California that were advertised on Sunday. Readers have commented on some additional ones, and I called for a few more. Here are some 8-month and 12-month CD rates by state as of 4/01/09:
State Annual Percentage Yield (APY)
CA 2.50% ?
FL 2.50% 2.75%
IL ? 2.70%
NY 2.50% 2.60%
TX 2.00% 2.75%
VA/MD/DC ? 2.60%
Note, rates may also vary within a state. When I called the CSR this morning, he didn't know how much longer this special would last. So make sure to call Citibank for the latest rates for your area. I used the toll-free number 1-866-810-9040. If you call, please leave a comment about the rates they're offering in your area.
Citibank continues to list an online 12-month CD with a fairly competitive rate of 2.50% APY at its website. There's also a special 7-month CD with a 2.00% APY. 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).
Other High Certificate of Deposit Rates
For top CD rates nationally available, refer to my weekly rate summary. Many of the best CD deals are only locally available. To find the best deals in your state, refer to the index of state CD and bank deals.