Rates checked November 1, 2026
Citibank CD vs savings account
Citibank's 12-month CD pays 4.25% APY, against 0.05% on its savings account. Over the term that is about $420 more on $10,000, in exchange for locking the money up.
Each CD term against savings
| Term | CD APY | Savings APY | CD earns extra |
|---|---|---|---|
| 3-month | 0.05% | 0.05% | $0 |
| 6-month | 2.00% | 0.05% | $98 |
| 12-month | 4.25% | 0.05% | $420 |
| 2-year | 2.00% | 0.05% | $394 |
| 3-year | 2.00% | 0.05% | $597 |
| 5-year | 2.00% | 0.05% | $1,016 |
Extra interest over the full term on $10,000, before taxes. The savings figure assumes today's rate stays the same the whole time; a savings rate can change, a CD rate cannot. It ignores early withdrawal penalties.
Questions
Should I use a Citibank CD or its savings account?
The CD pays more. Its best term, 12-month, earns 4.25% against 0.05% in savings, about $420 more over the term on $10,000. The catch is that the money is locked up, and taking it out early costs a penalty.
What is Citibank's savings rate compared with its CDs?
Citibank's savings account pays 0.05% APY. Its CDs pay 0.05% to 4.25% depending on the term.
Can the savings rate change after I open the account?
Yes. A savings rate can go up or down at any time. A CD rate is fixed for the whole term. The savings figures on this page assume today's rate stays the same, so treat them as a snapshot, not a promise.
General information only. Rates change often; confirm the rate, minimum deposit and early withdrawal penalty with the bank before you open a CD. SwitchWize is not a bank and does not give financial advice.