With the recent news about the Citibank Wachovia acquisition, we thought we would delve deeper into the Citibank CD rates. Citibank is among the largest banks in the United States and several million Americans already have accounts with them. In fact, a lot of people reading this article might be already investing in Citibank CDs after taking a look at the Citi bank CD rates they gave to offer their customers.
As I look at the current Citi bank CD rates, the five month CD rate stands out among the rest. At 2.75% APY, this is one of the best CD rates for a five month period that I have ever seen. Besides, if the Citibank CD rates appeal to you and you decide to go invest in some Citibank CDs you should note that the minimum amount is just $500 as compared to $1000 for Bank of America certificates of deposit and $5000 for Wells Fargo CDs. This is a very good option especially when people are investing for the very first time. Investing in CDs is a very good way to start building one's savings and the minimum deposit requirement at Citibank is so low that just about anybody can start investing in them.
The other Citibank CD rates range from a three month CD with an APY of 0.5% to a 5 year CD with an APY of 3%. Although we cannot predict whether the Citi bank CD rates will fall or rise, at the moment we can only say that the best of all the Citibank CD rates is the 5 month CD. Also, Citibank CDs are insured through FDIC for up to $100,000 so given the financial situation that is today, investing in CDs can be a superb way to safeguard your hard earned money.
Investing in certificates of deposit gets so much easier when it is a large bank that you are dealing with. These large banks provide you with options keep track of your account online over the no matter where in the world you might be, whether you are on business or on holiday. You can transfer money from one account to another and pay your bills online. And perhaps even make purchases at times on sites which support your bank. If you can afford not to withdraw your money for the particular period specified in the Citibank CD rates, then it would be a great investment. If you feel you might need to withdraw the money before the period is over, then it will attract a penalty and you will have to forfeit some of the interest that your money would have earned. So before you choose from the Citi bank CD rates, see which one applies to you best and then only act accordingly.
As I look at the current Citi bank CD rates, the five month CD rate stands out among the rest. At 2.75% APY, this is one of the best CD rates for a five month period that I have ever seen. Besides, if the Citibank CD rates appeal to you and you decide to go invest in some Citibank CDs you should note that the minimum amount is just $500 as compared to $1000 for Bank of America certificates of deposit and $5000 for Wells Fargo CDs. This is a very good option especially when people are investing for the very first time. Investing in CDs is a very good way to start building one's savings and the minimum deposit requirement at Citibank is so low that just about anybody can start investing in them.
The other Citibank CD rates range from a three month CD with an APY of 0.5% to a 5 year CD with an APY of 3%. Although we cannot predict whether the Citi bank CD rates will fall or rise, at the moment we can only say that the best of all the Citibank CD rates is the 5 month CD. Also, Citibank CDs are insured through FDIC for up to $100,000 so given the financial situation that is today, investing in CDs can be a superb way to safeguard your hard earned money.
Investing in certificates of deposit gets so much easier when it is a large bank that you are dealing with. These large banks provide you with options keep track of your account online over the no matter where in the world you might be, whether you are on business or on holiday. You can transfer money from one account to another and pay your bills online. And perhaps even make purchases at times on sites which support your bank. If you can afford not to withdraw your money for the particular period specified in the Citibank CD rates, then it would be a great investment. If you feel you might need to withdraw the money before the period is over, then it will attract a penalty and you will have to forfeit some of the interest that your money would have earned. So before you choose from the Citi bank CD rates, see which one applies to you best and then only act accordingly.
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