Citibank
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Citibank 6 Month CD Rates
| Type | Fixed |
| Rate | 0.25% |
| Currency | USD |
Website: http://www.citibank.com
Authority: Citibank or (Citi) is a major US national chartered bank (Citibank, N.A) and a subsidiary brand under Citigroup; a US global diversified financial services company. It was founded in 1812 and has a distribution branch network of over a 1000 branches in 13 states.
How to open a Citibank Certificate of Deposit:
- You can apply directly online at the bank website: http://www.citibank.com
- You can contact them by telephone on 1-800-374-9500
- You can open one at a Citibank Financial Center/Branch. You can find the nearest one by entering your location on their website.
What information/documentation you may require to open a US Citi CD:
- As an applicant for this product you may be required to be 18 years or older, U.S citizen or resident alien, have a U.S driver's license or state-issued ID, Social Security Number, US address.
Information on Citibank 6 Month CD Rates:
This type of deposit is one the deposits available to Citi retail customers who invest or save in this fixed term product to be paid interest upon maturity after six months or 180 days. A six month certificate of deposit set by Citibank sets would be determined on many factors, most importantly the current policy decisions and short term forecasts of the federal reserve (the US central bank). Other factors may include net interest margins, banking regulations, its business model and banking costs (banks with more branches and services have higher overhead then online banks which don�t). Sometimes competition for deposits can increase competitiveness of its published CD rates as Citibank can lend for projects and other business activities using local deposits and other investments. However deposits are considered a stable and sometimes low cost source of long term funding with other more expensive alternatives such as long-term debt, short term borrowings (commercial paper and secured financing).
The current 6 Month Interest Rate displayed below was calculated for the state of California, other states may vary.
The rate of 0.25% is 0.6% lower than the average 0.85%. Also it is 3.75 % lower than the highest rate 4.00 Updated Apr, 2020
Website: http://www.citibank.com
Authority: Citibank or (Citi) is a major US national chartered bank (Citibank, N.A) and a subsidiary brand under Citigroup; a US global diversified financial services company. It was founded in 1812 and has a distribution branch network of over a 1000 branches in 13 states.
How to open a Citibank Certificate of Deposit:
- You can apply directly online at the bank website: http://www.citibank.com
- You can contact them by telephone on 1-800-374-9500
- You can open one at a Citibank Financial Center/Branch. You can find the nearest one by entering your location on their website.
What information/documentation you may require to open a US Citi CD:
- As an applicant for this product you may be required to be 18 years or older, U.S citizen or resident alien, have a U.S driver's license or state-issued ID, Social Security Number, US address.
Information on Citibank 6 Month CD Rates:
This type of deposit is one the deposits available to Citi retail customers who invest or save in this fixed term product to be paid interest upon maturity after six months or 180 days. A six month certificate of deposit set by Citibank sets would be determined on many factors, most importantly the current policy decisions and short term forecasts of the federal reserve (the US central bank). Other factors may include net interest margins, banking regulations, its business model and banking costs (banks with more branches and services have higher overhead then online banks which don�t). Sometimes competition for deposits can increase competitiveness of its published CD rates as Citibank can lend for projects and other business activities using local deposits and other investments. However deposits are considered a stable and sometimes low cost source of long term funding with other more expensive alternatives such as long-term debt, short term borrowings (commercial paper and secured financing).
The current 6 Month Interest Rate displayed below was calculated for the state of California, other states may vary.
The rate of 0.25% is 0.6% lower than the average 0.85%. Also it is 3.75 % lower than the highest rate 4.00 Updated Apr, 2020
Type
Fixed
Rate
0.25%
Currency
USD