Citibank's 12 Month 2.2% APY High Yield CD Offer

Today Citibank is out with a 2.2% APY Certificate of Deposit, the only option is a 12 month deal with a minimum of $500 in the account.  It's not great, but its not half bad considering its from Citigroup (NYSE:C) and since U.S. Taxpayers own the company, you know they'll make good on the CD (but then again the FDIC loves giving over more money).

Click Here to go to Citibank's CD Offer - they say it only takes 10 minutes to open an account online, isn't technology grand.

If it makes you feel any better, FDIC increased the amount of insurance it provides on eligible savings deposits from $100,000 to $250,000 per depositor through December 31, 2009. This means that consumer accounts — such as savings, CDs, and money market accounts — are insured for up to $250,000 through December 31, 2009.

If you aren't impressed by Citi's CD offer, check out our sponsors for the most current CD deals:

As usual the Masters are always on the hunt for CD bargains, and when we find one that is worth your attention, or is so bad we have to make fun of it, you can bet we are all over it.

Investing in High Yield CDs (Certificates of Deposit) may not sound that exciting, but knowing all your investment options is key to becoming a successful investor, and in this market, locking your money away for 3, 6, 9, or 12 Months can provide you peace of mind - Click Here to Review our CD Articles.

Happy Safe Investing.