Citibank is offering a competitive 2.25% APY on an 18-month CD. The CD needs to be opened online. As of August 26, 2009 this is the top 18-month CD on the BestCashCow rate tables.
It's not often that a big bank takes the top rates on the tables. In addition, Citibank has some competitive in-branch CD rates in select states. According to Bankdeals, Citi is offering the following rates in NV, CA, and FL:
Term FL,NV,CA
12mo 2.00%
18mo 2.30%
24mo 2.50%
60mo 4.00%
Citibank has an efficient electronic account opening process. Opening and funding can be done all electronically.
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