Citi Bank Certificate of Deposit Account
11-Month Fixed Rate CD
BALANCE
STANDARD APY 5.25% - 5.65%
STANDARD INTEREST RATE 5.12% - 5.50%
Balance - Below $100,000, STANDARD APY / STANDARD INTEREST RATE5.25% / 5.12%
Balance - $100,000+,STANDARD APY / STANDARD INTEREST RATE 5.65% / 5.50%
https://www.citi.com/banking/cd-account
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Citi Banking - Bank Advertiser
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Not sure about cd. I use there savings account
That's how it is with all banks. I remember closing my account with one of the big 4 banks a couple of years ago and had to personally walk into the branch to close the account and get the final check.
Given the number of scams these days, I surely understand why they want to do it this way.
The 25k/50k limits are for ACH transfers initiated from Citibank. Other banks I deal with also have low limits like that. How you get around that is to use the other (receiving) bank with high limits to pull the funds from Citibank rather than initiating a push from Citibank.
The 25k/50k limits are for ACH transfers initiated from Citibank. Other banks I deal with also have low limits like that. How you get around that is to use the other (receiving) bank with high limits to pull the funds from Citibank rather than initiating a push from Citibank.
But love CIT bank for their lightening speed ACH push. It takes 1 day (if you do it early morning) or 2 days tops. They also have a huge in/out ACH limit (something I'll never hit, like like 2-3million). So (tip) I use CIT bank to **pull** larger money amounts from lame banks with low ACH limits. However, to protect themselves, there is a 5 day CIT hold on funds pulled (vs no hold on incoming funds pushed -- but other banks/CU are usually also slow when pushing $$, up to 5-7 days which is ridiculous in 2023; actually slow at pulling $$ too!!).
Highest now that I know of is a 5.5% 15mo Synchrony Bank CD (they also had 5.65% 14mo that is 5.25% now). They will prob lower that 5.5% rate soon too.... Warning tho: Synchrony bank is slow on ACH transfers in or out (4-5 days), and have a week hold on any funds coming in. I didn't know this and started to instigate my funding a day before the 5.65% rate expired. At least their automated system showed me the interest rate would be 5.25% (vs 5.65%) before I opened the CD online. I called Synchrony bank and they verified 4 days fastest ACH, and they use the interest rate at the time the funds are 'fully' in the acct, so I couldn't get the 5.65% rate unless I spent bucks to wire in $$, vs free ACH). Bailed on Synchrony & opened a Citibank 5.65% (last week) CD instead.
Wonder if that guy pays his taxes, he can make the same argument for that as well
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Exactly where I was going with this.