Rates checked November 1, 2026
Bank of America vs Citibank CD rates
Citibank pays more on 5 of the 6 CD terms both banks offer. The biggest difference is on the 5-year CD, about $1,026 over the term on $10,000.
CD rate by term
| Term | Bank of America | Citibank | Better |
|---|---|---|---|
| 3-month | 3.00% | 0.05% | Bank of America |
| 6-month | 0.03% | 2.00% | Citibank |
| 12-month | 0.03% | 4.25% | Citibank |
| 2-year | 0.03% | 2.00% | Citibank |
| 3-year | 0.03% | 2.00% | Citibank |
| 5-year | 0.03% | 2.00% | Citibank |
What $10,000 earns over the full term
| Term | Bank of America | Citibank | Difference |
|---|---|---|---|
| 3-month | $74 | $1 | $73 |
| 6-month | $1 | $100 | $99 |
| 12-month | $3 | $425 | $422 |
| 2-year | $6 | $404 | $398 |
| 3-year | $9 | $612 | $603 |
| 5-year | $15 | $1,041 | $1,026 |
Interest if you leave the money in until the term ends, compounding at the quoted APY, before taxes. It ignores minimum deposits and early withdrawal penalties.
Questions
Does Bank of America or Citibank pay more on CDs?
Citibank pays more on 5 of the 6 terms both banks offer, and Bank of America on 1. Compare each term below, because the better bank can change with the term.
Which bank has the better 12-month CD, Bank of America or Citibank?
Citibank does, at 4.25% APY against 0.03%. Over the year that is about $422 more on $10,000.
How much more would I earn with the higher-paying bank?
The biggest gap is on the 5-year CD: about $1,026 over the full term on $10,000.
Are both banks insured?
CDs at FDIC-insured banks and NCUA-insured credit unions are covered up to $250,000 per depositor, per bank, per ownership category. Check each bank's own page for its insurer, minimum deposit and early withdrawal penalty, which can differ.
General information only. Rates change often; confirm the rate, minimum deposit and early withdrawal penalty with each bank before you open a CD. SwitchWize is not a bank and does not give financial advice.