Bank CD Rates

The current offer on Citibank 12 Month CD Rates is at 1.50% with a minimum deposit of $500. If this sounds good to you then Citibank has made it really easy. They have a website that allows you to apply for this short term CD online in four simple steps.

It advertises that it only takes 10 minutes. The first step is to tell them about yourself. The second step is to provide an e-signature. The third step is to verify your identification. This security step is mandatory and is there to provide Citibank and yourself with added security because this transaction does involve money.  The fourth and final step is to provide the funds for the CD to Citibank.

If you wish to apply by phone the number is 1-800-374-9500. Please mention the code CA70 when you call.

This 1.50% APY is current as of 10/3/09 and was posted on 9/29/09. This rate is only applicable if the account is opened online or by phone.

There is a penalty for early withdraw and some fees may apply that will reduce the earnings from the CD.

Applicants must be a U. S. citizen or a resident alien to open an account with Citibank. There are different rates for CD’s that are intended for an IRA account. To apply for one of those you need to contact Citibank. This account is only for consumer accounts, no corporate account permitted.

For the best bank CD rates, the Citibank 12 Month CD Rates at 1.50% is one of the best that is currently being offered.