Citibank offers Certificate of Deposits for investing to get good returns. There are many flexible term CD that are available in Citibank. You can choose your best term for the CD from 3 months to 5 years which would suit your requirements. The interest rates vary accordingly depending on the number of months the investment is made as well as the amount that is invested in the Certificate of deposit.
Some of the features of Certificate of Deposits are listed below:
The amount will be insured by FDIC up to $ 2,50,000 per depositor.
You can access the account with the help of Citibank banking card.
The minimum amount required for opening the account is $ 500.
The interest will be paid monthly or on maturity if the deposit term is less than a year.
Citibank CD rates for 2010:
Some of the latest rates for CD in Citibank for the year 2010 are listed below. The interest rates vary periodically and you have to check the latest rates from the bank websites or related websites.
Term – 3 months – Amount – Below $ 10,000 – Interest rate: 0.25%
Term – 6 months – Amount – Below $ 10,000 – Interest rate: 0.35%
Term – 12 months – Amount – Below $ 10,000 – Interest rate: 0.7%
How to find the best rates?
As you are investing your money in the banks, you should ensure that you are getting the maximum benefit out of it. Here is some guidance for the same.
You should analyze the rates offered for other products. If it suits you, then you can choose the best product.
There are many reliable websites which offers a detailed report on the best investment products.
Next Step: Read more details from other websites to find the details on Citibank products.
Click here for —–>> Citibank CD rates. You can also find more details on various investment options in http://www.bestsavingsaccountrates.net/.
Balajee Kannan