Update on Citibank's CDs - Branch Specials & Secured MasterCard CD - Update
- 1.55% 12 months
- 2.00% 18 months
- 2.25% 24 months
- 2.35% 30 months
- 2.50% 36 months
- 3.00% 48 months
- 3.50% 60 months
Update 9/12/09: The special in-branch CD rates have fallen. According to the CSR, California APYs include: 1.65% 12mo, 2.10% 18mo, 2.25% 24mo, 2.50% 30mo, 2.75% 36mo, 3.25% 48mo and 3.75% 60mo. Reader has also reported the 60mo APY in FL is 3.75%.
Below is the original post that was published on 9/02/09
Citibank has once again 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. According to the CSR, Citibank typically updates rates on Tuesdays. Below are the special in-branch rates quoted by the CSR for California as of 9/02/09. These same rates may also be available for Nevada and Florida, but I only received quotes for California. I've also included the online CD rates. Note, the online 18-month CD rate recently fell from 2.25% to 2.00% APY. The online rates are available nationwide.
Online and In-Branch CD Rates as of 9/02/09:
Term Online California
12mo 1.50% 1.75%
18mo 2.00% 2.30%
24mo 1.75% 2.50%
30mo 1.25% 2.75%
36mo 2.25% 3.00%
48mo 2.75% 3.50%
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. Most states appear only to have a 3% 60-month CD 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.
A reader commented in my previous Citibank post that he was able to open the CD over the phone and fund it using his credit card. The transaction was reported as a regular purchase instead of a cash advance. Please note if the transaction is considered a cash advance, the fees would likely wipe out the gain from any cash back rewards.
Refer to my previous Citibank CD specials post for more info on these CDs.
Citi Secured MasterCard 4.07% 18-Month CD
Citi is still listing a 4.07% APY 18-month CD for up to $25,000 in its Secured MasterCard program (see post). More readers have commented that their CD applications have been accepted. 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:
Locations: 1,031 Health Rating:
|Recent Posts: Review of the Latest Citibank Checking... | Larger Checking Account Fees at Citi, ...|
|Latest Review: "To put my feelings into the vernacular, this bank SUCKS. I have now noti..."|