Update on Citibank's CDs - Branch Specials & Secured MasterCard CD
Update 2/22/2010: Citibank's CD rates have fallen. Please check Citibank's website for the latest rates.
Citibank has extended its in-branch CD specials including a 4.00% APY 60-month CD for at least another week. I just called and confirmed that these rates were extended for another week. According to the CSR, Citibank typically updates rates on Tuesdays. Below are the special in-branch rates quoted by the CSR for NV, FL and CA as of 8/26/09. I've also included the online CD rates. Note, the online 18-month CD rate is very competitive, and this is available nationwide.
Term Online FL,NV,CA
12mo 1.50% 2.00%
18mo 2.25% 2.30%
24mo 1.75% 2.50%
60mo 3.00% 4.00%
For the in-branch rates, you have to call Citibank (1-800-627-3999) to get the rates for your area. There doesn't appear to be any other state that has this 4% 5-year CD. Most have a rate of 3% APY which matches the online 5-year CD rate. If you call Citibank for rates in your area, please leave a comment about what rates they quote. Citibank has branches in CA, CT, DE, DC, FL, IL, MD, MA, NV, NJ, NY, PA, TX and VA. They also have branches in Guam and Puerto Rico.
Refer to my previous Citibank CD specials post for more info on these CDs.
Citi Secured MasterCard 4.07% 18-Month CD
Update 2/22/2010: Citi's website now states the maximum CD deposit is $5,000.
Citi is still listing a 4.07% APY 18-month CD for up to $25,000 in its Secured MasterCard program (see post). There appears to have been a successful purchase of Citi's 4.07% APY 18-month CD. The reader John left the following comment:
Received a letter today from CITI- even arrived at my mailing address -stating that a cd has been opened for 18mos. at 4.07%. I will need to read the attached cd agreement to see if there is any fine print that should be large print. I'll report back.
He also mentioned that the CD was opened on the same day they cashed his check, and according to the documentation he received, he will have to keep the card for the duration of the CD. If you've had success opening this CD and you've confirmed that you're receiving 4.07% APY, please leave a comment in the original post.
Citibank Checking Account Bonus
Citibank has another $100 checking account promotion that's scheduled to last until 9/30/09. However, according to the Citibank CSR, this promotion is targeted to those who received a letter. Thus, I'm not giving it a dedicated post. This FW post has the promo link and some more details. It's very similar to the one they offered last year. The deal has some major downsides. All the checking accounts which qualify for the promotion have hefty minimum balance requirements to avoid a monthly fee.
Citibank is a member FDIC (FDIC Certificate # 7213).
Other Bank Bonuses and Competitive CD Rates:
Banks Mentioned in this Post:
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