One of the best qualities about investing your money in a certificate of deposit is the higher interest rates offered.  Citibank offers many different CD options, but all of the CDs offer interest rates that are competitive with CDs from the best banks.

The Benefits

The terms of the CDs offered from Citibank range from three months to five years.  There are over 15 different terms to choose from.  For each different term, the interest rates vary.  Plus, the interest rates can vary depending on how much money you invest in the account.  As with all CDs offered from different banks, the longer you can leave your money in the CD, the higher the interest rates you will earn back on your money.  Finding the best CD to fit your needs can be challenging, but Citibank offers you the option to choose a CD based on the length of the term, or the amount of money you are able to save and invest.  These two different options make it easier to find the best CD for you.

Citibank is an FDIC insured bank.  The money you invest in a CD with them will be insured up to the legal limit of $250,000 per investor.  It is always a smart idea to choose a bank that is FDIC insured to know that your money will be protected.  Citibank also offers you a banking card.  This card allows you to access information about your account through ATMs, by phone or online through their official website.

Citibank requires a minimum opening deposit of $500 for all CDs that are opened online.  For the CDs that have terms less than a year, the interest will be paid either each month, or at the time the CD matures.  For CDs over one year, the interest will be paid each month.  The CDs will be renewed automatically once the maturity date has been reached for the same term.  If you don’t want to renew, you  have seven days to contact Citibank.

One thing that sets the CDs at Citibank apart from CDs offered from other banks in America are the ThankYou Points.  By linking your CD to a Citibank checking account that is enrolled in Citi ThankYou Rewards program.  This program is a rewards program that simply allows you to earn points each month, just for being a customer of Citibank.  You will receive points based on the type of checking account package you enroll in and it must stay active.  To be considered active, you must make at least one credit or debit transaction.  Using products and services that qualify for the ThankYou points is another way to earn points.  Redeeming your points is easy and can be redeemed for numerous different options.

Applying

The ThankYou Points program offered through Citibank sets their CDs apart from other CDs.  If you have extra money you want to invest in a CD, take a closer look at those offered through Citibank.  They appreciate their customers and want you to continue doing your banking with them.  Apply now to start earning those competitive interest rates on your money.