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.
I think I’m going to start putting part of my down payment account in CDs after I move…
Savingdiva: Since the rates are at least a little better than the savings, it seems like a good idea.