Logo by Citizens Financial Group; Illustration by Hunter Newton/Bankrate
1 min read Published June 11, 2024
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Citizens Bank has physical bank locations across the Mid-Atlantic, Northeast and Midwest regions. The online division of Citizens Bank, referred to as Citizens Access, handles all accounts outside the footprint.
Citizens Bank only offers two options for a CD on its website. The annual percentage yields (APY) are fairly competitive, but you’ll find much higher yields at the top online banks with lower deposit requirements.
Citizens Bank scored 3.7 out of 5 for its overall score in Bankrate’s bank review and a 3.8 out of 5 for its CD.
Citizens Bank CD rates
The CD interest rates are guaranteed throughout the length of the time period you select.
For those who want an online-only option, Citizens Bank offers two options: a 8-month CD and a 14-month CD.
| Account name | Term | APY | Minimum deposit |
|---|---|---|---|
| Online-only 8-month CD* | 8 months | 5.25% | $25,000 |
| Online-only 14-month CD | 14 months | 2.75% | $1,000 |
Note: The APYs shown are current as of June 11, 2024. The APYs may vary by region.
*Money from outside of Citizens Bank is required for this offer.
How Citizens Bank compares to top-yielding banks
The 14-month online-only option offering isn’t as competitive as one-year CDs at online banks, including:
- Ally Bank
- Marcus by Goldman Sachs
- Bread Savings
But the 8-month CD option does provide a very competitive yield.
The current CD rate at Citizens Bank is less competitive than the Citizens Access CD rates. The Citizens Access one-year CD is offering a competitive 5 percent APY with a $5,000 minimum deposit.
