CitiBank CD rates: trending up?
CitiBank recently upped the rate of their 18 month online CD (certificate of deposit) giving us optimists something positive to cling to, given the current state of the bank deposit market.
As of this month, Citi has been advertising an 18 month online CD yielding a very respectable 2.25% APY. Depending on where you live, you may or may not deem this a decent interest rate, however this product is available to anyone nationwide.
Although local banks may provide higher interest rates, if you happen to stop by our highest yielding CD rates tables (available nationally) you will see that this offer by CItibank takes down some of the best 12 and even 24 month CD rates.
As always, here is the fine print associated with this 18 month bank deposit offer:
- Annual Percentage Yield (APY) is accurate as of 08/25/2009.
- The rate will apply only to accounts opened through the CitiBank website.
- A penalty will be imposed for early withdrawal of principal.
- Fees may reduce earnings.
- APY assumes interest earned is kept in the CD for the full term.
- Minimum opening deposit is $500.
- CD will automatically renew upon it’s maturity unless you specify otherwise
