Skip to content

Archives

Citizens bank 6 month cd rates


citizens bank 6 month cd rates

Typically, online banks offer higher interest rates on its savings accounts. Certificates of Deposit. There are three different CDs available at Citizens Bank. CD RATES. Account Type, Interest Rate, Annual Percentage Yield (APY). 3 Month CD, 0.20%, 0.20%. 6 Month CD, 0.25%, 0.25%. 12 Month CD, 0.30%, 0.30%. Savings Piggy Bank Image There is no minimum balance required and no monthly fees. and allows you to write up to 6 checks per statement cycle.
citizens bank 6 month cd rates

Personal Savings, CDs, & IRAs

Invest in your future with an interest-earning account at Citizens Bank.

From simple savings accounts to tax-advantaged IRAs, our deposit products are designed to help you meet your short- and long-term financial goals. With our online banking tools, you can watch your nest egg grow from anywhere, anytime. Our competitive interest rates keep your hard-earned money working hard for you, and our friendly team members are always ready to lend a hand.

Apply Now

Citizens Bank makes it easy to set aside cash for major purchases or unexpected expenses. Our EZ Savings Account comes with several recurring transfer options that can help you reach your savings targets faster.

  • Minimum opening deposit — $100
  • Interest compounded quarterly and paid quarterly
  • $10 quarterly fee if balance falls below $100
  • Six withdrawals allowed per quarter; if withdrawals exceed six, $2 per withdrawal‡
  • Automatic Savings Options:
    • Recurring transfer that you can set up at account opening or anytime by stopping by an office near you
    • Payroll direct deposit – have a portion of your paycheck automatically deposited to savings
    • Recurring transfer that you control in Bank-By-Net online banking

Earn more when you save more. Citizens Bank’s personal money market accounts give you access to a competitive interest rate structure while still giving you 24/7 access to your funds.

  • Tiered Interest Rate Levels
  • No Monthly Fee when maintaining a $2,500 Minimum Daily Balance or when maintaining a $3,500 average daily collected balance (A service charge fee of $15.00 will be imposed each monthly statement cycle if the minimum daily balance falls below $2,500.00 and the average daily collected balance falls below $3,500.00.)
  • Six Withdrawals Allowed Per Month ($15 per withdrawal after six)‡

‡Withdrawals are limited by regulation. Continued excessive withdrawals may result in conversion of the account to a non-interest bearing account.

Maximum Daily NSF Charge for Consumer Accounts $175.00

Источник: https://www.citizensbank24.com/personal/savings-cds-and-iras

We’re here for you. And yours.

Wherever you are in life,
we’ve got an online bank account designed to make it more rewarding.

All the stuff you want.

Whichever online bank account you choose, we keep the terms simple, the rewards high and the service stellar.

1%cash back on up to $3,000 in debit card citizens bank 6 month cd rates each month

ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), and loan payments or account funding made with your debit card are not eligible for cash back rewards.  In addition, purchases made using third-party payment accounts (services such as Venmo® and PayPal®, who also provide P2P payments) may not be eligible for cash back rewards.  Apple, the Apple logo and Apple Pay are trademarks of Apple Inc., registered in the US and other countries. Venmo and PayPal are registered trademarks of PayPal, Inc.

Checking Account
% APY

Annual Percentage Yield (APY). Advertised Online Savings Account APY is accurate as of XX/XX/XXXX. Applies to personal accounts only. APY may change before or after the account is opened. No minimum deposit to open.

watch your money grow 1st cavalry division casualties iraq Online Savings Account
X.XX% APY

Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX, is subject to change without notice, and will be determined and fixed for the term at funding.  Applies to personal accounts only. A penalty may be charged for early withdrawal. Minimum deposit to open is $2,500.    

12 mo lock in long-term earnings Certificate of Deposit

None of the sneaky stuff.

We're an online bank that says goodbye to gimmicks, gotchas and fees.

No. Fees. Period. 

Outgoing wire transfers are subject to a service charge. You may be charged a fee by a non-Discover ATM if it is not part of the 60,000+ ATMs in our no-fee network.

  • No monthly fees on any account.
  • No insufficient funds or overdraft fees.

    For Discover Bank Cashback Debit, Online Savings fifth third bank customer service reviews Money Market Accounts.

  • No minimum balance.

    For Discover Bank Cashback Debit and Online Savings Accounts.

Get help choosing an account

Discover® Cashback Debit, NerdWallet’s 2021 winner for Best Checking Account with No Monthly Fee

NerdWallet and the NerdWallet logo are trademarks owned by NerdWallet, Inc. and used with permission.

“Discover’s high-yield savings account is among the best in its online class.” 

“Discover Bank is an online bank providing one of the most attractive checking account offers in the industry. With it you can earn cash back on debit card purchases, while paying no monthly fees.”

“Most of the time, Discover Bank is on our list of the best high yield savings accounts and our list of the best money market accounts.”

"Discover Bank offers a broad range of products, including checking and savings accounts, money market accounts, and CDs with maturity dates between three months and 10 years."

Easy to find.

See which of our over 60,000 no-fee ATMs are at the stores you already frequent.

Some ATMs have limited hours and/or restricted access. You may be charged a fee by the ATM owner if you use an ATM that is not part of our citizens bank 6 month cd rates network. If you encounter any issues using the ATMs displayed on this site, please contact us at 1-800-347-7000.

Make sure your search is spelled correctly. Try adding a city, state, or zip code.

ATM Finder Close

ATM FinderClose
Zelle Logo
With Zelle® your money’s making moves.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

Online and from the mobile app, it’s easy to send and receive money between almost any U.S.-based bank accounts. Just enroll with your email or U.S. mobile number and you’re ready to go.

  • It’s easy to use. Send to friends, family and people you trust with a bank account in the U.S.

    Zelle enrollment is required with a U.S.-based bank account and a U.S. mobile number or email address.

  • Money moves fast. Just tell us who to pay home for the holidays imdb how much – the money’s on its way in minutes.

    Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle

    Zelle enrollment is required with a U.S.-based bank account and a U.S. mobile number or email address. Voice over IP (VOIP), prepaid mobile phone numbers, landlines and Google voice numbers are not eligible for Zelle enrollment.  Message and data charges from your carrier may apply. Transaction limitations may apply. ​

    To use Zelle with Discover, an account center registered Discover checking, savings, or money market account is required. Discover and Zelle do not offer a protection program for any authorized payments made with Zelle.​

  • You’re protected. We won’t share any of your bank account information with your recipient.
  • No fees. Whether you’re sending or receiving, Discover doesn’t charge any fees to use Zelle.

See Zelle FAQs

Easy to love.

Online banking, now as simple as everything else you do on your phone.

EASY ACCESSMOBILE CHECK DEPOSITSIMPLE TO USEQUICK VIEW

Get access to cash on the go. Just tap to find one of our no-fee ATMs near you.

Easily deposit a check into your account by snapping a photo of it with your smartphone or tablet.

For more information regarding the Discover Bank Mobile Check Deposit Service, click here.

Check on your account easily anytime. You can even skip the passcode and log in with touch or face ID.

Face ID is currently available to iOS users.

Enable Quick View to check your account balances without logging in each time.

★★★★★

★★★★★

We score out of 5 stars!

Star rating is representative of the Apple® App Store rating for the Discover mobile app and is updated daily.

App Store Google Play

Opening an online bank account owb bank be simpler.

  1. Just give us a few basics (like address and Social Security number), and we’ll get the ball rolling for you.
  2. Make a deposit now or come back and do it later. Whatever makes it easier for you to get going on your goals.
  3. Check your email for a confirmation, and you’re on your way to the future you’ve been dreaming of.

Need help?
We've got your back.

Our friendly customer service is available 24/7.

1 (800) 347-7000 Click here to Call us at

  • 5 Online Banking Myths Debunked

    Put your online banking knowledge to the test and see if you've fallen for one of these common myths.

    “If you can how many numbers are in a chase bank account number your traditional bank’s account online via its website or app, you can manage an online-only account. It’s the same basic experience.”

    – Miguel A. Suro, founder of financial blog The Rich Miser

    Read full article

  • What is Zero-Sum Budgeting and Can It Work for You?

    If you want a thorough budget that will put every dollar to work for you, zero-sum budgeting might be the answer.

    Choosing a budgeting system is a lot like choosing the right approach to rehabbing or remodeling your home. You might spend months looking for the right contractor or figuring out how to do it yourself. The zero-sum budget, also known as the zero-based budget, can provide a holistic solution to revamping your finances.

    Read full article

  • What Happens to Mortgage Rates When the Fed Cuts Rates?

    Your guide to understanding how a Fed rate cut could impact your mortgage as a homeowner or prospective buyer.*


    *This should not be considered tax or investment advice. Please consult a financial planner or tax advisor if you have questions.

    “If the Fed drops its rate during the adjustment period, you could see your interest rate go down and, in turn, see lower monthly payments.”  

    – Emily Stroud, financial advisor and founder of Stroud Financial Management

    Read full article

Источник: https://www.discover.com/online-banking/

Current Rates

Health Savings Account - NOW$50.000.05
0.05
Regular Saving$100.000.05
0.05
Christmas Club$10.000.05
0.05
Savings, Tier 1 - $0.00 - $49,999
0.050.05
Savings, Tier 2 - $50,000 - $99,999
0.05
0.05
Savings, Tier 3 < $100,000
0.050.05Money Market Deposit Account$2,500.000.05
0.05
MMDA below $2,500
0.050.05Super MMDA $0 to $9,999$5,000.00 
0.050.05Super MMDA $10,000 to $24,999$5,000.00 
0.050.05Super MMDA $25,000 to $49,000$5,000.000.050.05Super MMDA $50,000 to $99,999$5,000.00 
0.050.05Super MMDA $100,000 and Over$5,000.000.080.08
Источник: https://www.cbt-co.com/rates/current-rates

Pros Explained

  • Large regional bank that offers an array of products: Citizens Bank is the 13th largest bank in the U.S. with more than $185 billion in assets. It serves 11 states across the New England, Mid-Atlantic, and Midwest regions. The bank offers a wide array of products for consumers and businesses.
  • Online-only accounts with no monthly fees: The bank also offers online-only savings accounts and CDs with attractive interest rates. Online accounts don't charge any monthly fees.
  • Liquid CD provides guaranteed rates with no penalty for early withdrawals: Traditional CDs charge a penalty if you need to access your money before the CD matures. The Citizens Access Liquid CD allows customers to withdraw the entire balance without a penalty.

Cons Explained

  • Checking accounts have monthly fees unless you meet requirements: To waive the monthly service charge on a checking account, you must meet certain requirements. Some accounts have modest requirements, while others require combined balances of $25,000 or more.
  • Branches only available in 11 states: Although Citizens Bank has branches across the New England, Mid-Atlantic, and Midwest regions, customers outside these areas have limited access to its products and services. If you are traveling outside its footprint, you may have to use another bank's ATM.
  • The 11 states which Citizens Bank has branches in are Connecticut, Delaware, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Vermont.
  • Limited fee refund for using another bank's ATM: When using another bank's ATM, Citizens Bank charges customers $3 per transaction. If you have a premium checking account, the bank will refund other bank ATM fees up to $10 per statement period.

Who Is Citizens Bank Best For?

Citizens Bank is best for customers that live in one of the 11 states where it has branches and ATMs. It is best suited for someone who:

  • Lives in the New England, Mid-Atlantic or Midwest region
  • Is able to perform required activities to waive checking fees
  • Wants preferred interest rates based on banking relationship
  • Wants to open a savings account with no minimum balance requirement

Citizens bank 6 month cd rates online bank, Citizens Access, is a good option for anyone in the U.S. Its savings accounts have no monthly service charges but require a $5,000 minimum opening deposit. Citizens Access is worth considering for those who:

  • Want competitive interest rates on savings account and CDs
  • Have at least $5,000 to open an account
  • Do not want to pay monthly service charges

What Does Citizens Bank Offer?

As a large regional bank, Citizens Bank offers an extensive array of deposit accounts and related services. It serves customers with approximately 1,000 branches and 3,000 ATMs across the regions in which it operates. Additionally, it offers an online savings account through its subsidiary, Citizens Access. It provides:

Checking Accounts

Citizens Bank offers three checking accounts, as well as one dedicated to students:

  • One Deposit Checking from Citizens Bank
  • Citizens Bank Quest Checking
  • Citizens Bank Wealth Checking
  • Student Checking

Each has a monthly service charge that can be waived by meeting certain requirements. Making one deposit a month will have the fees waived on the One Deposit Checking account. The Platinum and Platinum Plus checking accounts earn interest on checking balances and waive many types of bank service fees. Students under the age of 25 automatically have their monthly service charges waived.

Savings Accounts

Customers have three savings account options with Citizens Bank. None require a minimum opening balance. Each savings account is designed to pair with its corresponding checking accounts:

  • One Deposit Savings from Citizens Bank
  • Citizens Bank Platinum Savings
  • Citizens Bank Platinum Plus Savings
  • CollegeSaver

Monthly service charges for One Deposit Savings accounts are waived with at least one deposit each month. The Quest Savings and Wealth Savings do not have a monthly service charge.

The CollegeSaver savings account is for parents of children who are under 17. For children under 12, if you make monthly deposits every month until your child turns 18, they will receive a $1,000 bonus on their 18th birthday.

Citizens Access also offers an online savings account. It offers competitive interest rates with no monthly fees, but there is a minimum deposit requirement of $5,000 to open an account.

Money Market Accounts

Citizens Bank offers three money market accounts. All three accounts have no minimum deposit requirements. The three money market options offered are:

  • Personal Money Market
  • Quest Money Market
  • Wealth Money Market

The Personal Money Market is available to all customers. However, the Quest Money Market and Wealth Money Market are only available to customers with the corresponding checking accounts.

The Personal Money Market requires a minimum daily balance of $2,500 to avoid a $10 monthly service charge. There are no monthly service charges for the Quest or Wealth Money Market accounts.

CDs

CDs require a minimum balance of $1,000. Terms available are 10, 14, and 25 months. Some of its CDs offer higher interest rates if you also have a premium checking account.

There is a flat fee of $50 plus waived interest for early withdrawals. CDs of less than one year forfeit the greater of 90 days of interest or half of the interest that would have been earned through the remainder of the term. CDs with a term greater than one year forfeit the greater of 180 days of interest or half of the interest to be earned over the remaining term.

Additional CD options are available from Citizens Access. These CDs require a minimum opening deposit of $5,000 each. Terms range from one to five years.

Citizens Access also provides an 11-month Liquid CD which offers a guaranteed interest rate throughout the term. It allows withdrawals without a penalty.

Citizens Bank CD Rates
Standard Ratewith Quest Checkingwith Wealth Checking
TermAPYAPYAPY
10 Months0.03%0.03%0.03%
14 Months (online only)0.05%0.05%0.05%
25 Months0.03%0.03%0.03%
Citizens Access CD Rates
TermAPY
11 Month Liquid CD0.05%
1 Year0.10%
2 Years0.10%
3 Years0.15%
4 Years0.20%
5 Years0.25%

Credit Cards

The bank offers citizens bank 6 month cd rates simple credit cards. One is a cash back credit card and the other is a balance transfer credit card:

  • Cash Back Plus World Mastercard
  • Clear Value Mastercard

The Cash Back Plus World Mastercard offers unlimited 1.8% cash back on every purchase that you make. There are no rotating categories to remember and you do not have to activate the offer. It has no annual fee, no foreign transaction fees, and no penalty annual percentage rate (APR) for late payments. There's also a 15 billing cycle introductory APR for eligible balance transfers.

Those looking for extra time to pay off their balance transfer should consider the Clear Value Citizens bank 6 month cd rates. It offers a longer introductory period for balance transfers and also has no annual fee.

Other Financial Products Offered by Citizens Bank

Citizens Bank also offers a wide range of banking and investment services for its customers including:

Citizens Bank Customer Service

Customer service is available Monday through Friday from 7 a.m. to 10 p.m. (EST). Live agents are also available Saturday and Sunday from 9 a.m. to 6 p.m. (EST) at 1-800-922-9999. You can also send a secure message through online banking to receive a response during regular business hours. In addition, you can access accounts citizens bank 6 month cd rates or through the bank's mobile app.

Online accounts at Citizens Access have a separate phone number for customer service and the hours are different. Live customer service is available Monday to Friday from 8 a.m. to 10 p.m. (EST), Saturday from 9 a.m. to 3 p.m. (EST), and Sunday from 10 a.m. to 3 p.m. (EST).

How to Bank With Citizens Bank

To open an account with Citizens Bank, you can apply online, over the phone, or by visiting a branch. Citizens Access online-only savings accounts and CDs are available on its website.

Verdict

Citizens Bank and its online-only subsidiary, Citizens Access, offer a wide variety of banking products and services. People who live in the 11 states that it serves should consider it as a good option. The monthly service charges can be waived with straightforward requirements, and the bank offers relationship pricing across products. Customers with premium checking accounts receive higher interest rates on savings accounts, money market accounts, and CDs. Plus, Citizens Bank provides a 0.125% discount on your mortgage with automatic payment from one of its checking accounts.

Methodology

Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of banks. We collected over 20 data points across more than 80 banks including products available, interest rates, fees, and accessibility to ensure that our content helps users make the right decision for their savings and banking needs.

Источник: https://www.investopedia.com/citizens-bank-review-4801474

Citizens Access Bank CD Rates 2021 Review

CDs are a special type of deposit account that offers a safe, long-term way to grow your money.

So long as you open your CD at an FDIC insured bank, the CD will never lose value. That means that you can know exactly how much money you’ll receive from the CD.

In exchange for offering a guarantee for how long berkshire hathaway homeservices carolinas realty leave your money in a CD, banks will offer you an interest rate higher than you can get from a savings account.

This increased interest rate and level of security make CDs attractive to many consumers.

Citizens Access Bank, the online branch of Citizens Bank, offers great CD rates, making its CDs worth considering.

In this Citizens Access Bank CD Account review, we'll compare rates, fees, and services to other national and online banks.

Top-Notch CD Rates

A CD is a special bank account that lets you earn interest on your savings.

In fact, the interest that you can earn is possibly the most important part of a CD. That makes the rate that a bank is willing to pay important to consider when you’re comparing different banks’ CDs.

If you can earn more interest by opening a CD at a different bank, why wouldn’t you?

Citizens Access Bank is an online bank, and online banks tend to offer more interest than brick and mortar banks do.

Online banks are much cheaper to run than traditional banks. They don’t need to worry about operating ATM networks or paying the costs of opening and running bank branches. That means they can spend more money on paying interest.

That lower operating cost gives Citizens Access Bank a leg-up on the competition. In fact, even among online banks, Citizens One Bank’s CDs offer interest rates that are very good.

Many banks will change the interest rate that you can earn based on the amount of money you’ve deposited to your CD. Citizens Access Bank doesn’t make you deal with different rate tiers.

You will earn the same interest rate regardless of how much you deposit to the account.

What does affect the interest rate you’ll earn is the CD’s term. The longer you plan to keep your CD for, the more interest you will earn.

Early Withdrawal Penalties

CDs differ from savings accounts in one key.

When you open a CD, you’re making a commitment that you won’t withdraw your deposit for a specific period of time. This is known as comenity capital bank bjs CD’s term.

So, if you open a CD with a term of 12 months, you’re promising not to withdraw that money for 12 months.

Citizens Access Bank offers CDs with terms of:

  • 6 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

This variety of terms makes it easy to choose a CD with a term that works for you. Don’t forget that CDs with longer terms offer higher interest rates.

While you may be tempted to open a 4-year CD to get the highest rate available, there is a downside.

Remember that you promise that you won’t withdraw your money for the full term of the CD. If you break that promise, there are penalties. These penalties are calculated based on how much interest you earn each month.

If you have a CD with a term of 12 months or less, the early withdrawal fee will be 90 days of interest.

If the term is longer than 12 months, the charge is 180 days of interest.

This charge is based on the original term of the CD, not the remaining term.

One special feature offered by Citizens Access Bank is the option to have interest deposited to a linked account.

Usually, the interest a CD earns is added to the CD. That interest compounds, but remains unavailable until the CD matures.

Citizens Access Bank allows you to have the money transferred to a linked account. That means you can spend the interest as you earn it if you want to.

Minimum Deposit Requirements

Many banks force customers to deposit a certain amount of money if they want to open a CD.

CDs can be more expensive to open and manage from the bank’s perspective, so the bank wants to make sure the amount you deposit justifies its effort.

Unfortunately, the means that many people struggle with opening CDs. If they can’t get enough money together to meet the minimum deposit requirement, they can never open the account.

Citizens Access Bank does have a hefty minimum deposit requirement. You won’t be allowed to open a CD with a deposit of less than $5,000. If you can meet that minimum, you can deposit as much as you’d like.

Keep in citizens bank 6 month cd rates that CDs are insured by the Federal Deposit Insurance Corporation, but that the insurance isn’t unlimited. The FDIC insured CD balances up to a maximum of $250,00 per account ownership type at the bank

Not IRA CDs

Individual Retirement Accounts (IRAs) offer a number of tax benefits for people who want to save for retirement.

Traditional IRAs let you deduct contributions from your income taxes and Roth IRAs let you avoid paying taxes on your gains. Either type of account is a good vehicle for long-term savings.

Some people like to open CDs in IRAs. They like the idea of a secure, long-term investment, and want to combine that with the tax benefits offered by IRAs. That makes IRA CDs quite popular, especially among people nearing retirement.

Unfortunately, Citizens Access Bank does not offer IRA CDs. You’ll need to open a CD at another bank if you want to open a CD in an IRA.

What Happens When the CD Matures?

When the term of a CD ends, the CD is said to have matured. At that point, you are allowed to make changes without paying an early withdrawal fee.

Opening a CD is a long-term commitment. You’re committed to every aspect of it: the amount you deposited, the term, and the interest rate.

Because you’re locked in for the full term of the CD, you should keep close track of when your CDs mature.

If you don’t do anything when your CD matures, most banks will automatically roll your balance into a new CD.

The new CD’s term will be the same as the original CD’s, and the interest rate will be whatever the market rate is.

Shortly before your CD matures, the bank will notify you of this fact. Still, you should keep track of your CDs’ maturity dates so does capital one do va home loans can take your time to plan.

At Citizens Access Bank, there is a 10-day grace period when your CD matures.

Starting on the day your CD matures, and for 10 days after, you can make changes to the CD without penalty.

That means that you can withdraw or add money, or change the term of your new CD.

Once you make a change, the new CD’s terms will be locked in. If you want to seating chart capital one arena further changes or make no changes before the 10-day period ends, you’ll have to pay an early withdrawal fee.

How Does It Compare?

Citizens Access Bank offers some fantastic CDs if you can meet the minimum deposit requirement.

You’ll earn a great rate of interest, regardless of the term that you choose, but getting $5,000 together to open the account may be hard.

If you want to shop around and look at other CDs, compare the following factors.

Start by looking at the CDs’ interest rates. You want to know that you’re earning the most interest possible.

All else being equal, choose the CD with the highest rate. Settling for a lower rate is like giving up free money.

Next, look at the CD terms the bank citizens bank 6 month cd rates. You want to find a bank that offers CDs with a term that works for you.

Some banks specialize in short-term CDs while others offer CDs with incredibly long terms.

The bank you choose can be based on how long you want to keep your savings committed for.

Don’t forget that you’re committed to the interest rate of your CD for the CD’s full term.

If you think rates will rise, you might how long do you boil 12 eggs for hard boiled to opt for a short-term CD. If you think they might fall, a long-term CD may be better.

Finally, consider each bank’s policy regarding maturing CDs.

You want to make sure you have a long enough grace period to make changes to your CDs.

If how to request a credit line increase from chase bank doesn’t offer notice of a CD maturing or has a very short grace period, you’ll have to be even more diligent about keeping records.

Conclusion

Citizens Access Bank offers great CDs for people who can manage to make the hefty $5,000 minimum deposit.

The flexible CD terms mean you can easily find a term that is right for you.

The biggest downside is that you cannot open a Citizens Access Bank CD in an IRA, making it a non-option for people trying to save for retirement.

Continue Reading

Источник: https://www.mybanktracker.com

Rates

Helping You Make the Most of Your Money

Rates and annual percentage yields (APY) effective as of November 30, 2021. Subject to change. See us for details.

Spending Accounts

Account

Daily minimum balance to earn APY

Interest Rate

APY

BaZing Plus

$1,000

0.03%

0.03%

 

*There is no minimum balance to open. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the collected balance in the account each day. You must maintain a balance of at least $1,000 in the account each day to obtain the disclosed annual percentage yield and avoid the $8 monthly maintenance fee. Interest rates and annual percentage yields are variable and subject to change daily. Fees could reduce earnings.


Savings Accounts

Account

Daily minimum balance to earn APY

Interest Rate

APY

Basic Savings*

$0.01

0.03%

0.03%

Power Savers**

$0.01

0.03%

0.03%

Platinum Savings***$9,999.99 and below0%0%
Platinum Savings***$10,000.00 - $49,999.990.03%0.03%
Platinum Savings***$50,000.00 - $99,999.990.05%0.05%
Platinum Savings***$100,000.00 - $249,999.990.08%0.08%
Platinum Savings***$250,000.00 and above0.10%0.10%

*There is no minimum balance to open. $100 minimum average collected balance is required to avoid a service charge. If the minimum average collected balance is not met, a $2.00 monthly service charge will be assessed. (Excludes applicable taxes.) Interest rates and annual percentage yields are variable and subject to change daily. Fees could reduce earnings.

**Minimum opening deposit: $5.00. No minimum balance required to maintain this account. Interest is earned on daily collected balance and paid quarterly. No monthly service charge.

***No minimum balance to open. $10,000 minimum average collected balance is required to avoid a service charge. If the minimum average collected balance is not met, a $25.00 monthly service charge will be assessed. (Excludes applicable taxes.) Interest rates and annual percentage yields are variable and subject to change daily. Fees could reduce earnings.
 


 

Certificates of Deposit

6 Month Term**

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.03%0.03%
$5,000 - $24,9990.05%0.05%
$25,000.00 - $49,999.990.10%0.10%
$50,000.00 and above0.15%0.15%

Interest compounds and is paid quarterly. Minimum balance to open is $1,000.

12 Month Term**

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.03%0.03%
$5,000 - $24,9990.05%0.05%
$25,000.00 - $49,999.990.15%0.15%
$50,000.00 and above0.20%0.20%

Interest compounds and is paid at maturity. Minimum balance to open is $1,000.

18 Month Term***

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.05%0.05%
$5,000 - $24,9990.10%0.10%
$25,000.00 - $49,999.990.20%0.20%
$50,000.00 and above0.25%0.25%

Interest compounds and is paid quarterly. Minimum balance to open is $1,000.

24 Month Term***

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.10%0.10%
$5,000 - $24,9990.20%0.20%
$25,000.00 - $49,999.990.25%0.25%
$50,000.00 and above0.30%0.30%

Interest compounds and is paid quarterly. Minimum balance to open is $1,000.

36 Month Term****

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.10%0.10%
$5,000 - $24,9990.20%0.20%
$25,000.00 - $49,999.990.30%0.30%
$50,000.00 and above0.35%0.35%

Interest compounds and is paid quarterly. One time bump option available. Minimum balance to open is $1,000.

48 Month Term****

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.15%0.15%
$5,000 - $24,9990.25%0.25%
$25,000.00 - $49,999.990.35%0.35%
$50,000.00 and above0.40%0.40%

Interest compounds and is paid quarterly. One time bump option available. Minimum balance to open is $1,000.

60 Month Term****

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.25%0.25%
$5,000 - $24,9990.30%0.30%
$25,000.00 - $49,999.990.40%0.40%
$50,000.00 and above0.45%0.45%

Interest compounds and is paid quarterly. One time bump option available. Minimum balance to open is $1,000.

Minimum balance to open is $1,000.We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). A withdrawal and/or fees could reduce earnings on these accounts.

Ask a personal banker for minimum balance to open and other account information.

** Penalty for early withdrawal will be equal to 90 days interest.

*** Penalty for early withdrawal will be equal to 180 days interest.

**** Penalty for early withdrawal will be equal to 365 days interest.

Источник: https://www.myfcb.bank/rates

Citizens bank 6 month cd rates -

Polk County’s Bank Since 1920

From first homes to first cars, births to college tuition, and business start-ups to retirement planning, Citizens Bank & Trust has proudly served Polk County since 1920. We are local bankers who work for, live in, and support this wonderful community we all call home. We know how hard you work and you deserve a bank that works just as hard for you. We're here for the long haul for you and your financial needs.

Citizens Bank & Trust is a full-service financial institution, with a wide range of account and loan products tailored to fit your individual needs. Additionally, we offer the most experienced group of wealth management, trust and private banking professionals in the market to assist you.

We take great pride in being Polk County’s bank and work every day to serve the financial needs of our customers, while still providing a hometown banking feel. We are a true community bank and will always consider you and your financial needs our number one priority.

We are Citizens Bank & Trust and we are proud to be your bank!

Источник: https://www.citizens-bank.com/

Rates

Helping You Make the Most of Your Money

Rates and annual percentage yields (APY) effective as of November 30, 2021. Subject to change. See us for details.

Spending Accounts

Account

Daily minimum balance to earn APY

Interest Rate

APY

BaZing Plus

$1,000

0.03%

0.03%

 

*There is no minimum balance to open. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the collected balance in the account each day. You must maintain a balance of at least $1,000 in the account each day to obtain the disclosed annual percentage yield and avoid the $8 monthly maintenance fee. Interest rates and annual percentage yields are variable and subject to change daily. Fees could reduce earnings.


Savings Accounts

Account

Daily minimum balance to earn APY

Interest Rate

APY

Basic Savings*

$0.01

0.03%

0.03%

Power Savers**

$0.01

0.03%

0.03%

Platinum Savings***$9,999.99 and below0%0%
Platinum Savings***$10,000.00 - $49,999.990.03%0.03%
Platinum Savings***$50,000.00 - $99,999.990.05%0.05%
Platinum Savings***$100,000.00 - $249,999.990.08%0.08%
Platinum Savings***$250,000.00 and above0.10%0.10%

*There is no minimum balance to open. $100 minimum average collected balance is required to avoid a service charge. If the minimum average collected balance is not met, a $2.00 monthly service charge will be assessed. (Excludes applicable taxes.) Interest rates and annual percentage yields are variable and subject to change daily. Fees could reduce earnings.

**Minimum opening deposit: $5.00. No minimum balance required to maintain this account. Interest is earned on daily collected balance and paid quarterly. No monthly service charge.

***No minimum balance to open. $10,000 minimum average collected balance is required to avoid a service charge. If the minimum average collected balance is not met, a $25.00 monthly service charge will be assessed. (Excludes applicable taxes.) Interest rates and annual percentage yields are variable and subject to change daily. Fees could reduce earnings.
 


 

Certificates of Deposit

6 Month Term**

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.03%0.03%
$5,000 - $24,9990.05%0.05%
$25,000.00 - $49,999.990.10%0.10%
$50,000.00 and above0.15%0.15%

Interest compounds and is paid quarterly. Minimum balance to open is $1,000.

12 Month Term**

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.03%0.03%
$5,000 - $24,9990.05%0.05%
$25,000.00 - $49,999.990.15%0.15%
$50,000.00 and above0.20%0.20%

Interest compounds and is paid at maturity. Minimum balance to open is $1,000.

18 Month Term***

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.05%0.05%
$5,000 - $24,9990.10%0.10%
$25,000.00 - $49,999.990.20%0.20%
$50,000.00 and above0.25%0.25%

Interest compounds and is paid quarterly. Minimum balance to open is $1,000.

24 Month Term***

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.10%0.10%
$5,000 - $24,9990.20%0.20%
$25,000.00 - $49,999.990.25%0.25%
$50,000.00 and above0.30%0.30%

Interest compounds and is paid quarterly. Minimum balance to open is $1,000.

36 Month Term****

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.10%0.10%
$5,000 - $24,9990.20%0.20%
$25,000.00 - $49,999.990.30%0.30%
$50,000.00 and above0.35%0.35%

Interest compounds and is paid quarterly. One time bump option available. Minimum balance to open is $1,000.

48 Month Term****

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.15%0.15%
$5,000 - $24,9990.25%0.25%
$25,000.00 - $49,999.990.35%0.35%
$50,000.00 and above0.40%0.40%

Interest compounds and is paid quarterly. One time bump option available. Minimum balance to open is $1,000.

60 Month Term****

Tier Balance

Interest Rate

APY

$1,000 - $4,999.990.25%0.25%
$5,000 - $24,9990.30%0.30%
$25,000.00 - $49,999.990.40%0.40%
$50,000.00 and above0.45%0.45%

Interest compounds and is paid quarterly. One time bump option available. Minimum balance to open is $1,000.

Minimum balance to open is $1,000.We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). A withdrawal and/or fees could reduce earnings on these accounts.

Ask a personal banker for minimum balance to open and other account information.

** Penalty for early withdrawal will be equal to 90 days interest.

*** Penalty for early withdrawal will be equal to 180 days interest.

**** Penalty for early withdrawal will be equal to 365 days interest.

Источник: https://www.myfcb.bank/rates

Citizens Access Bank CD Rates 2021 Review

CDs are a special type of deposit account that offers a safe, long-term way to grow your money.

So long as you open your CD at an FDIC insured bank, the CD will never lose value. That means that you can know exactly how much money you’ll receive from the CD.

In exchange for offering a guarantee for how long you’ll leave your money in a CD, banks will offer you an interest rate higher than you can get from a savings account.

This increased interest rate and level of security make CDs attractive to many consumers.

Citizens Access Bank, the online branch of Citizens Bank, offers great CD rates, making its CDs worth considering.

In this Citizens Access Bank CD Account review, we'll compare rates, fees, and services to other national and online banks.

Top-Notch CD Rates

A CD is a special bank account that lets you earn interest on your savings.

In fact, the interest that you can earn is possibly the most important part of a CD. That makes the rate that a bank is willing to pay important to consider when you’re comparing different banks’ CDs.

If you can earn more interest by opening a CD at a different bank, why wouldn’t you?

Citizens Access Bank is an online bank, and online banks tend to offer more interest than brick and mortar banks do.

Online banks are much cheaper to run than traditional banks. They don’t need to worry about operating ATM networks or paying the costs of opening and running bank branches. That means they can spend more money on paying interest.

That lower operating cost gives Citizens Access Bank a leg-up on the competition. In fact, even among online banks, Citizens One Bank’s CDs offer interest rates that are very good.

Many banks will change the interest rate that you can earn based on the amount of money you’ve deposited to your CD. Citizens Access Bank doesn’t make you deal with different rate tiers.

You will earn the same interest rate regardless of how much you deposit to the account.

What does affect the interest rate you’ll earn is the CD’s term. The longer you plan to keep your CD for, the more interest you will earn.

Early Withdrawal Penalties

CDs differ from savings accounts in one key.

When you open a CD, you’re making a commitment that you won’t withdraw your deposit for a specific period of time. This is known as the CD’s term.

So, if you open a CD with a term of 12 months, you’re promising not to withdraw that money for 12 months.

Citizens Access Bank offers CDs with terms of:

  • 6 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

This variety of terms makes it easy to choose a CD with a term that works for you. Don’t forget that CDs with longer terms offer higher interest rates.

While you may be tempted to open a 4-year CD to get the highest rate available, there is a downside.

Remember that you promise that you won’t withdraw your money for the full term of the CD. If you break that promise, there are penalties. These penalties are calculated based on how much interest you earn each month.

If you have a CD with a term of 12 months or less, the early withdrawal fee will be 90 days of interest.

If the term is longer than 12 months, the charge is 180 days of interest.

This charge is based on the original term of the CD, not the remaining term.

One special feature offered by Citizens Access Bank is the option to have interest deposited to a linked account.

Usually, the interest a CD earns is added to the CD. That interest compounds, but remains unavailable until the CD matures.

Citizens Access Bank allows you to have the money transferred to a linked account. That means you can spend the interest as you earn it if you want to.

Minimum Deposit Requirements

Many banks force customers to deposit a certain amount of money if they want to open a CD.

CDs can be more expensive to open and manage from the bank’s perspective, so the bank wants to make sure the amount you deposit justifies its effort.

Unfortunately, the means that many people struggle with opening CDs. If they can’t get enough money together to meet the minimum deposit requirement, they can never open the account.

Citizens Access Bank does have a hefty minimum deposit requirement. You won’t be allowed to open a CD with a deposit of less than $5,000. If you can meet that minimum, you can deposit as much as you’d like.

Keep in mind that CDs are insured by the Federal Deposit Insurance Corporation, but that the insurance isn’t unlimited. The FDIC insured CD balances up to a maximum of $250,00 per account ownership type at the bank

Not IRA CDs

Individual Retirement Accounts (IRAs) offer a number of tax benefits for people who want to save for retirement.

Traditional IRAs let you deduct contributions from your income taxes and Roth IRAs let you avoid paying taxes on your gains. Either type of account is a good vehicle for long-term savings.

Some people like to open CDs in IRAs. They like the idea of a secure, long-term investment, and want to combine that with the tax benefits offered by IRAs. That makes IRA CDs quite popular, especially among people nearing retirement.

Unfortunately, Citizens Access Bank does not offer IRA CDs. You’ll need to open a CD at another bank if you want to open a CD in an IRA.

What Happens When the CD Matures?

When the term of a CD ends, the CD is said to have matured. At that point, you are allowed to make changes without paying an early withdrawal fee.

Opening a CD is a long-term commitment. You’re committed to every aspect of it: the amount you deposited, the term, and the interest rate.

Because you’re locked in for the full term of the CD, you should keep close track of when your CDs mature.

If you don’t do anything when your CD matures, most banks will automatically roll your balance into a new CD.

The new CD’s term will be the same as the original CD’s, and the interest rate will be whatever the market rate is.

Shortly before your CD matures, the bank will notify you of this fact. Still, you should keep track of your CDs’ maturity dates so you can take your time to plan.

At Citizens Access Bank, there is a 10-day grace period when your CD matures.

Starting on the day your CD matures, and for 10 days after, you can make changes to the CD without penalty.

That means that you can withdraw or add money, or change the term of your new CD.

Once you make a change, the new CD’s terms will be locked in. If you want to make further changes or make no changes before the 10-day period ends, you’ll have to pay an early withdrawal fee.

How Does It Compare?

Citizens Access Bank offers some fantastic CDs if you can meet the minimum deposit requirement.

You’ll earn a great rate of interest, regardless of the term that you choose, but getting $5,000 together to open the account may be hard.

If you want to shop around and look at other CDs, compare the following factors.

Start by looking at the CDs’ interest rates. You want to know that you’re earning the most interest possible.

All else being equal, choose the CD with the highest rate. Settling for a lower rate is like giving up free money.

Next, look at the CD terms the bank offers. You want to find a bank that offers CDs with a term that works for you.

Some banks specialize in short-term CDs while others offer CDs with incredibly long terms.

The bank you choose can be based on how long you want to keep your savings committed for.

Don’t forget that you’re committed to the interest rate of your CD for the CD’s full term.

If you think rates will rise, you might want to opt for a short-term CD. If you think they might fall, a long-term CD may be better.

Finally, consider each bank’s policy regarding maturing CDs.

You want to make sure you have a long enough grace period to make changes to your CDs.

If a bank doesn’t offer notice of a CD maturing or has a very short grace period, you’ll have to be even more diligent about keeping records.

Conclusion

Citizens Access Bank offers great CDs for people who can manage to make the hefty $5,000 minimum deposit.

The flexible CD terms mean you can easily find a term that is right for you.

The biggest downside is that you cannot open a Citizens Access Bank CD in an IRA, making it a non-option for people trying to save for retirement.

Continue Reading

Источник: https://www.mybanktracker.com

We’re here for you. And yours.

Wherever you are in life,
we’ve got an online bank account designed to make it more rewarding.

All the stuff you want.

Whichever online bank account you choose, we keep the terms simple, the rewards high and the service stellar.

1%cash back on up to $3,000 in debit card purchases each month

ATM transactions, the purchase of money orders or other cash equivalents, cash over portions of point-of-sale transactions, Peer-to-Peer (P2P) payments (such as Apple Pay Cash), and loan payments or account funding made with your debit card are not eligible for cash back rewards.  In addition, purchases made using third-party payment accounts (services such as Venmo® and PayPal®, who also provide P2P payments) may not be eligible for cash back rewards.  Apple, the Apple logo and Apple Pay are trademarks of Apple Inc., registered in the US and other countries. Venmo and PayPal are registered trademarks of PayPal, Inc.

Checking Account
% APY

Annual Percentage Yield (APY). Advertised Online Savings Account APY is accurate as of XX/XX/XXXX. Applies to personal accounts only. APY may change before or after the account is opened. No minimum deposit to open.

watch your money grow Online Savings Account
X.XX% APY

Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX, is subject to change without notice, and will be determined and fixed for the term at funding.  Applies to personal accounts only. A penalty may be charged for early withdrawal. Minimum deposit to open is $2,500.    

12 mo lock in long-term earnings Certificate of Deposit

None of the sneaky stuff.

We're an online bank that says goodbye to gimmicks, gotchas and fees.

No. Fees. Period. 

Outgoing wire transfers are subject to a service charge. You may be charged a fee by a non-Discover ATM if it is not part of the 60,000+ ATMs in our no-fee network.

  • No monthly fees on any account.
  • No insufficient funds or overdraft fees.

    For Discover Bank Cashback Debit, Online Savings and Money Market Accounts.

  • No minimum balance.

    For Discover Bank Cashback Debit and Online Savings Accounts.

Get help choosing an account

Discover® Cashback Debit, NerdWallet’s 2021 winner for Best Checking Account with No Monthly Fee

NerdWallet and the NerdWallet logo are trademarks owned by NerdWallet, Inc. and used with permission.

“Discover’s high-yield savings account is among the best in its online class.” 

“Discover Bank is an online bank providing one of the most attractive checking account offers in the industry. With it you can earn cash back on debit card purchases, while paying no monthly fees.”

“Most of the time, Discover Bank is on our list of the best high yield savings accounts and our list of the best money market accounts.”

"Discover Bank offers a broad range of products, including checking and savings accounts, money market accounts, and CDs with maturity dates between three months and 10 years."

Easy to find.

See which of our over 60,000 no-fee ATMs are at the stores you already frequent.

Some ATMs have limited hours and/or restricted access. You may be charged a fee by the ATM owner if you use an ATM that is not part of our no-fee network. If you encounter any issues using the ATMs displayed on this site, please contact us at 1-800-347-7000.

Make sure your search is spelled correctly. Try adding a city, state, or zip code.

ATM Finder Close

ATM FinderClose
Zelle Logo
With Zelle® your money’s making moves.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

Online and from the mobile app, it’s easy to send and receive money between almost any U.S.-based bank accounts. Just enroll with your email or U.S. mobile number and you’re ready to go.

  • It’s easy to use. Send to friends, family and people you trust with a bank account in the U.S.

    Zelle enrollment is required with a U.S.-based bank account and a U.S. mobile number or email address.

  • Money moves fast. Just tell us who to pay and how much – the money’s on its way in minutes.

    Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle

    Zelle enrollment is required with a U.S.-based bank account and a U.S. mobile number or email address. Voice over IP (VOIP), prepaid mobile phone numbers, landlines and Google voice numbers are not eligible for Zelle enrollment.  Message and data charges from your carrier may apply. Transaction limitations may apply. ​

    To use Zelle with Discover, an account center registered Discover checking, savings, or money market account is required. Discover and Zelle do not offer a protection program for any authorized payments made with Zelle.​

  • You’re protected. We won’t share any of your bank account information with your recipient.
  • No fees. Whether you’re sending or receiving, Discover doesn’t charge any fees to use Zelle.

See Zelle FAQs

Easy to love.

Online banking, now as simple as everything else you do on your phone.

EASY ACCESSMOBILE CHECK DEPOSITSIMPLE TO USEQUICK VIEW

Get access to cash on the go. Just tap to find one of our no-fee ATMs near you.

Easily deposit a check into your account by snapping a photo of it with your smartphone or tablet.

For more information regarding the Discover Bank Mobile Check Deposit Service, click here.

Check on your account easily anytime. You can even skip the passcode and log in with touch or face ID.

Face ID is currently available to iOS users.

Enable Quick View to check your account balances without logging in each time.

★★★★★

★★★★★

We score out of 5 stars!

Star rating is representative of the Apple® App Store rating for the Discover mobile app and is updated daily.

App Store Google Play

Opening an online bank account couldn’t be simpler.

  1. Just give us a few basics (like address and Social Security number), and we’ll get the ball rolling for you.
  2. Make a deposit now or come back and do it later. Whatever makes it easier for you to get going on your goals.
  3. Check your email for a confirmation, and you’re on your way to the future you’ve been dreaming of.

Need help?
We've got your back.

Our friendly customer service is available 24/7.

1 (800) 347-7000 Click here to Call us at

  • 5 Online Banking Myths Debunked

    Put your online banking knowledge to the test and see if you've fallen for one of these common myths.

    “If you can manage your traditional bank’s account online via its website or app, you can manage an online-only account. It’s the same basic experience.”

    – Miguel A. Suro, founder of financial blog The Rich Miser

    Read full article

  • What is Zero-Sum Budgeting and Can It Work for You?

    If you want a thorough budget that will put every dollar to work for you, zero-sum budgeting might be the answer.

    Choosing a budgeting system is a lot like choosing the right approach to rehabbing or remodeling your home. You might spend months looking for the right contractor or figuring out how to do it yourself. The zero-sum budget, also known as the zero-based budget, can provide a holistic solution to revamping your finances.

    Read full article

  • What Happens to Mortgage Rates When the Fed Cuts Rates?

    Your guide to understanding how a Fed rate cut could impact your mortgage as a homeowner or prospective buyer.*


    *This should not be considered tax or investment advice. Please consult a financial planner or tax advisor if you have questions.

    “If the Fed drops its rate during the adjustment period, you could see your interest rate go down and, in turn, see lower monthly payments.”  

    – Emily Stroud, financial advisor and founder of Stroud Financial Management

    Read full article

Источник: https://www.discover.com/online-banking/

YOUR BANK IN THE PALM OF YOUR HAND

A top-rated mobile app

Make your own banking hours with the Capital One Mobile app—doors are open 24/7.

Debit card lock/unlock

Lock and unlock your debit card with a simple tap on your phone. With 360 Checking, you're in control.

Mobile deposit

Deposit checks on your time, right from your phone with only your camera—no professional photography skills required.

Money movement

Make transfers or send money to friends and family in minutes with accounts that have Zelle®.

A top-rated mobile app

Make your own banking hours with the Capital One Mobile app—doors are open 24/7.

Debit card lock/unlock

Lock and unlock your debit card with a simple tap on your phone. With 360 Checking, you're in control.

Mobile deposit

Deposit checks on your time, right from your phone with only your camera—no professional photography skills required.

Money movement

Make transfers or send money to friends and family in minutes with accounts that have Zelle®.

Text "Get" to 80101 to download the app

Messaging & Data rates may apply.

Источник: https://www.capitalone.com/bank/

Pros Explained

  • Large regional bank that offers an array of products: Citizens Bank is the 13th largest bank in the U.S. with more than $185 billion in assets. It serves 11 states across the New England, Mid-Atlantic, and Midwest regions. The bank offers a wide array of products for consumers and businesses.
  • Online-only accounts with no monthly fees: The bank also offers online-only savings accounts and CDs with attractive interest rates. Online accounts don't charge any monthly fees.
  • Liquid CD provides guaranteed rates with no penalty for early withdrawals: Traditional CDs charge a penalty if you need to access your money before the CD matures. The Citizens Access Liquid CD allows customers to withdraw the entire balance without a penalty.

Cons Explained

  • Checking accounts have monthly fees unless you meet requirements: To waive the monthly service charge on a checking account, you must meet certain requirements. Some accounts have modest requirements, while others require combined balances of $25,000 or more.
  • Branches only available in 11 states: Although Citizens Bank has branches across the New England, Mid-Atlantic, and Midwest regions, customers outside these areas have limited access to its products and services. If you are traveling outside its footprint, you may have to use another bank's ATM.
  • The 11 states which Citizens Bank has branches in are Connecticut, Delaware, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Vermont.
  • Limited fee refund for using another bank's ATM: When using another bank's ATM, Citizens Bank charges customers $3 per transaction. If you have a premium checking account, the bank will refund other bank ATM fees up to $10 per statement period.

Who Is Citizens Bank Best For?

Citizens Bank is best for customers that live in one of the 11 states where it has branches and ATMs. It is best suited for someone who:

  • Lives in the New England, Mid-Atlantic or Midwest region
  • Is able to perform required activities to waive checking fees
  • Wants preferred interest rates based on banking relationship
  • Wants to open a savings account with no minimum balance requirement

Its online bank, Citizens Access, is a good option for anyone in the U.S. Its savings accounts have no monthly service charges but require a $5,000 minimum opening deposit. Citizens Access is worth considering for those who:

  • Want competitive interest rates on savings account and CDs
  • Have at least $5,000 to open an account
  • Do not want to pay monthly service charges

What Does Citizens Bank Offer?

As a large regional bank, Citizens Bank offers an extensive array of deposit accounts and related services. It serves customers with approximately 1,000 branches and 3,000 ATMs across the regions in which it operates. Additionally, it offers an online savings account through its subsidiary, Citizens Access. It provides:

Checking Accounts

Citizens Bank offers three checking accounts, as well as one dedicated to students:

  • One Deposit Checking from Citizens Bank
  • Citizens Bank Quest Checking
  • Citizens Bank Wealth Checking
  • Student Checking

Each has a monthly service charge that can be waived by meeting certain requirements. Making one deposit a month will have the fees waived on the One Deposit Checking account. The Platinum and Platinum Plus checking accounts earn interest on checking balances and waive many types of bank service fees. Students under the age of 25 automatically have their monthly service charges waived.

Savings Accounts

Customers have three savings account options with Citizens Bank. None require a minimum opening balance. Each savings account is designed to pair with its corresponding checking accounts:

  • One Deposit Savings from Citizens Bank
  • Citizens Bank Platinum Savings
  • Citizens Bank Platinum Plus Savings
  • CollegeSaver

Monthly service charges for One Deposit Savings accounts are waived with at least one deposit each month. The Quest Savings and Wealth Savings do not have a monthly service charge.

The CollegeSaver savings account is for parents of children who are under 17. For children under 12, if you make monthly deposits every month until your child turns 18, they will receive a $1,000 bonus on their 18th birthday.

Citizens Access also offers an online savings account. It offers competitive interest rates with no monthly fees, but there is a minimum deposit requirement of $5,000 to open an account.

Money Market Accounts

Citizens Bank offers three money market accounts. All three accounts have no minimum deposit requirements. The three money market options offered are:

  • Personal Money Market
  • Quest Money Market
  • Wealth Money Market

The Personal Money Market is available to all customers. However, the Quest Money Market and Wealth Money Market are only available to customers with the corresponding checking accounts.

The Personal Money Market requires a minimum daily balance of $2,500 to avoid a $10 monthly service charge. There are no monthly service charges for the Quest or Wealth Money Market accounts.

CDs

CDs require a minimum balance of $1,000. Terms available are 10, 14, and 25 months. Some of its CDs offer higher interest rates if you also have a premium checking account.

There is a flat fee of $50 plus waived interest for early withdrawals. CDs of less than one year forfeit the greater of 90 days of interest or half of the interest that would have been earned through the remainder of the term. CDs with a term greater than one year forfeit the greater of 180 days of interest or half of the interest to be earned over the remaining term.

Additional CD options are available from Citizens Access. These CDs require a minimum opening deposit of $5,000 each. Terms range from one to five years.

Citizens Access also provides an 11-month Liquid CD which offers a guaranteed interest rate throughout the term. It allows withdrawals without a penalty.

Citizens Bank CD Rates
Standard Ratewith Quest Checkingwith Wealth Checking
TermAPYAPYAPY
10 Months0.03%0.03%0.03%
14 Months (online only)0.05%0.05%0.05%
25 Months0.03%0.03%0.03%
Citizens Access CD Rates
TermAPY
11 Month Liquid CD0.05%
1 Year0.10%
2 Years0.10%
3 Years0.15%
4 Years0.20%
5 Years0.25%

Credit Cards

The bank offers two simple credit cards. One is a cash back credit card and the other is a balance transfer credit card:

  • Cash Back Plus World Mastercard
  • Clear Value Mastercard

The Cash Back Plus World Mastercard offers unlimited 1.8% cash back on every purchase that you make. There are no rotating categories to remember and you do not have to activate the offer. It has no annual fee, no foreign transaction fees, and no penalty annual percentage rate (APR) for late payments. There's also a 15 billing cycle introductory APR for eligible balance transfers.

Those looking for extra time to pay off their balance transfer should consider the Clear Value Mastercard. It offers a longer introductory period for balance transfers and also has no annual fee.

Other Financial Products Offered by Citizens Bank

Citizens Bank also offers a wide range of banking and investment services for its customers including:

Citizens Bank Customer Service

Customer service is available Monday through Friday from 7 a.m. to 10 p.m. (EST). Live agents are also available Saturday and Sunday from 9 a.m. to 6 p.m. (EST) at 1-800-922-9999. You can also send a secure message through online banking to receive a response during regular business hours. In addition, you can access accounts online or through the bank's mobile app.

Online accounts at Citizens Access have a separate phone number for customer service and the hours are different. Live customer service is available Monday to Friday from 8 a.m. to 10 p.m. (EST), Saturday from 9 a.m. to 3 p.m. (EST), and Sunday from 10 a.m. to 3 p.m. (EST).

How to Bank With Citizens Bank

To open an account with Citizens Bank, you can apply online, over the phone, or by visiting a branch. Citizens Access online-only savings accounts and CDs are available on its website.

Verdict

Citizens Bank and its online-only subsidiary, Citizens Access, offer a wide variety of banking products and services. People who live in the 11 states that it serves should consider it as a good option. The monthly service charges can be waived with straightforward requirements, and the bank offers relationship pricing across products. Customers with premium checking accounts receive higher interest rates on savings accounts, money market accounts, and CDs. Plus, Citizens Bank provides a 0.125% discount on your mortgage with automatic payment from one of its checking accounts.

Methodology

Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of banks. We collected over 20 data points across more than 80 banks including products available, interest rates, fees, and accessibility to ensure that our content helps users make the right decision for their savings and banking needs.

Источник: https://www.investopedia.com/citizens-bank-review-4801474
citizens bank 6 month cd rates

Comments

  1. bang saat saya menghubungi call center, untuk berbicara dengan admin nya dsruh tekan 2, tekan 2 nya dmna ya ? di sms atau dmna ? saya ga paham, mohon di respon bg

Leave a Reply

Your email address will not be published. Required fields are marked *