Citibank 4.07% 18 Month CD
Citibank is offering a Citi Secured MasterCard that is linked to a certificate of deposit account. This card is for people looking to build their credit and the credit limit on the card is equal to the amount you place in the CD. The CD acts as insurance in case you default on a payment. The thing is that the CD has a yield that’s way higher than most CD rates. The current APY is 4.07%. The minimum deposit is $200 and the maximum is $25,000.
If you’re looking to repair your credit and want a great CD rate you should jump on this deal. This rate was set last year and the people at Citi probably just forgot about it, but the yield is amazing on this account. The card does come with an annual fee of $29, which is nothing in you throw $25,000 into their CD.
There’s an online application for the card that needs to be mailed in along with your check to open the CD. You can find the application here.
If you want to open a regular CD at Citi, they’re currently offering a 2.25% APY 18 month CD. Citi also holds lots of local bank deals so you should be sure to check with your local Ciitibank branch. Citibank is FDIC insured. Looking for a jumbo CD rate?