By: Revanche

9-month CD at Citibank: 3.5% APY

June 22, 2008

I was just checking on some banking today when Citi’s teaser caught my eye.

The terms:

  • A minimum opening deposit of $500 is required for CDs opened online.
  • Interest is paid monthly or at maturity for all CDs with terms of one year or less.
  • Interest is paid monthly for all CDs with terms greater than one year.
  • CDs renew automatically at maturity for the same term at the rate in effect at the time. If you don’t want to renew, you have a 7-day grace period to let us know online, by phone or in writing.

This is a heck of a lot better than my current sub-2% savings rate with Citi’s “high-yield savings” accounts, or at least a bit better than ED’s 2.75% APY.

You can apply online or give them a call.

2 Responses to “9-month CD at Citibank: 3.5% APY”

  1. SavingDiva says:

    I think I’m going to start putting part of my down payment account in CDs after I move…

  2. Revanche says:

    Savingdiva: Since the rates are at least a little better than the savings, it seems like a good idea.

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