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Citi bank 11-Month Fixed Rate CD 5.25% to 5.65% APY

+17 Deal Score
19,706 Views
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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Deal
Score
+17
19,706 Views
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Joined Dec 2007
L8: Grand Teacher
> bubble2 3,523 Posts
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iahawks550
12-19-2023 at 01:41 PM.
12-19-2023 at 01:41 PM.
Quote from WineWomenSong :
Yes, but Treasuries I feel help fund killing people whereas CDs may not. I'd rather take a hit on a few bucks and know my dollars aren't funding someone's family getting slaughtered somewhere in the World.
Of all the things I've read. This is one of them. Sigh
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Joined Nov 2014
L3: Novice
> bubble2 235 Posts
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siddartha084
12-19-2023 at 04:12 PM.
12-19-2023 at 04:12 PM.
Quote from Elpee :
Doesn't make sense. When my (>100K) CD reaches maturity, I have to wait 60 days to withdraw all my $ ?

Not sure about cd. I use there savings account
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Joined Sep 2008
Gamer
> bubble2 539 Posts
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cldmello
12-19-2023 at 05:17 PM.
12-19-2023 at 05:17 PM.
Quote from Elpee :
I have actually had a checking account with Citi for years. And decided to close it a couple years ago. Received the check after a few days without a problem. Not sure for now but I'm wondering why they're choosing the way "send the check" via snail mail instead of transferring the fund electronically to another bank you want.

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.
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Last edited by cldmello December 19, 2023 at 05:20 PM.
Joined Dec 2007
L6: Expert
> bubble2 1,009 Posts
507 Reputation
crablover2
12-20-2023 at 02:15 AM.
12-20-2023 at 02:15 AM.
Quote from Elpee :
Doesn't make sense. When my (>100K) CD reaches maturity, I have to wait 60 days to withdraw all my $ ?
No. When your CD matures & you close your acct, you will get a check (or full transfer) of your acct total in one big chunk. I don't know if they will transfer out to a 3rd party bank, I know they will transfer to another Citibank checking/savings/CD acct. Just have them do that & then write a check from the Citi acct. Or, walk into a branch and they will cut you a check for the total right then and there. I would do that (if possible) rather than have them mail you a check because of the uncertainty of the USPS and their timing.

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.
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Joined Oct 2005
SD Forever...
> bubble2 4,608 Posts
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Elpee
12-20-2023 at 04:50 AM.
12-20-2023 at 04:50 AM.
Quote from crablover2 :
No. When your CD matures & you close your acct, you will get a check (or full transfer) of your acct total in one big chunk. I don't know if they will transfer out to a 3rd party bank, I know they will transfer to another Citibank checking/savings/CD acct. Just have them do that & then write a check from the Citi acct. Or, walk into a branch and they will cut you a check for the total right then and there. I would do that (if possible) rather than have them mail you a check because of the uncertainty of the USPS and their timing.

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.
Thanks, makes sense.
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Joined Dec 2007
L6: Expert
> bubble2 1,009 Posts
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crablover2
12-20-2023 at 08:27 AM.
12-20-2023 at 08:27 AM.
Quote from Hawaiiana :
The ApY is not fixed for the 11month CD? Wtf 😒 kind of sorcery is this. CIT and BMO Alto has better offer.
CIT bank has nothing close to 5.65% (I also bank at CIT bank). They're highest rate is 5.05% for Plat Savings & 5% for a 1 year CD. But as someone else said, Citibank literally ended their 5.65% rate yesterday (Tues). Many many many other places have interest rates higher than 5.05% right now (tho the highest rates r being retired across the board due to Feds signaling they r dropping rates 3 times in 2024 - so Treasuries will drop in the future also. Open high rate accts faster than slower).

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.
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Last edited by crablover2 December 20, 2023 at 08:39 AM.
Joined Nov 2005
L10: Grand Master
> bubble2 39,084 Posts
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Dr. J
12-20-2023 at 08:36 AM.
12-20-2023 at 08:36 AM.
Quote from iahawks550 :
Of all the things I've read. This is one of them. Sigh

Wonder if that guy pays his taxes, he can make the same argument for that as well
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Joined Dec 2007
L8: Grand Teacher
> bubble2 3,523 Posts
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iahawks550
12-20-2023 at 09:00 AM.
12-20-2023 at 09:00 AM.
Quote from Dr. J :
Wonder if that guy pays his taxes, he can make the same argument for that as well

Exactly where I was going with this.
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Joined Feb 2009
L3: Novice
> bubble2 289 Posts
204 Reputation
alpha_1976
12-20-2023 at 10:14 AM.
12-20-2023 at 10:14 AM.
Is it dead already?
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