Citibank Online Banking 6 Month CD Rates
A few days ago, we looked at the new Citi Forward credit card and noticed the changes to Citibank Online CD accounts. So we here at Online Banks Blog put it on the agenda to make sure we update you on those changes, especially the Citibank Online Banking 6 month CD rates.
While the special offer at Citibank Online CD remains the one year certificate of deposit term that returns a 1.75% annual percentage yield (APY), the six month offer is a good one for those looking for a shorter-term investment.
The Citibank Online 6 month CD offer gives a 1.01% APY on all deposit amounts, with a minimum deposit requirement of only $500. If your time frame isn’t fixed at six months, however, there are other Citibank Online CD offers for the short term that might interest you as well.
Compared to the Citibank Online Banking 6 month CD rates, the 3 month rate of 0.75% APY isn’t so hot. If you’re willing to boost your term on the Citibank Online 6 month CD to 8 months instead, though, your Citibank Online CD rate jumps to 1.20% APY with the same minimum deposit requirement. That’s a good boost.
In fact, every term tier above six months all the way to nine months has a good offer. So from the Citibank Online 6 month CD mark of 1.01% APY, a seven month Citibank Online CD gives 1.15% APY, and a 9 month gives 1.25% APY. At ten months, it drops back down to the Citibank Online Banking 6 month CD rates of 1.01% APY.
These are great short-term Citibank Online CD offers and definitely worth looking into. All Citibank accounts are FDIC insured and these offers may not last long. So if any of these Citibank Online CD offers appeal to you, lock your rate in today.
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