Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.10% - 0.25%(Verified 06/21/2024)
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Minimum Opening Deposit
Starting at $10,000
Certificate Term
- 1 month
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Citizens Access CD Ladder Review
Citizens Access CD Ladder are offered by Citizens Access, a bank founded in 2017 and based in Providence, RI. Citizens Access CD Ladder are available in 50 states and Washington, DC.
Key Takeaways
- Only one CD type available. Citizens Access CD Ladder only offers traditional CD accounts.
- Low APY. The maximum annual percentage yield for this account is only 0.25%.
- High minimum deposit. You must deposit a minimum of $10,000, which is high compared to most CD accounts.
- Wide selection of CD terms. Citizens Access CD Ladder allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Citizens Access CD Ladder
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Citizens Access CD Ladder FAQ
Are CD from Citizens Access federally insured?
Yes, your Citizens Access CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What types of CDs does Citizens Access offer?
Citizens Access CD Ladder provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
What rates does Citizens Access offer on its CDs?
Citizens Access CD Ladder offers an APY starting at 0.10% and ranging up to 0.25%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.
What terms does Citizens Access CD Ladder offer?
Citizens Access offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
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| APY (Annual Percentage Yield) | 0.10% - 0.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Citizens Access?
Citizens Access CD Ladder require a minimum deposit of $10,000 to open an account.
What is the grace period for Citizens Access CD Ladder?
There is a 10-day grace period for Citizens Access CD Ladder. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does Citizens Access charge?
Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
Citizens Access charges an early withdrawal fee.
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| Annual Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Hours of Operation
Sunday
10:00AM - 3:00PM
Monday
8:00AM - 10:00PM
Tuesday
8:00AM - 10:00PM
Wednesday
8:00AM - 10:00PM
Thursday
8:00AM - 10:00PM
Friday
8:00AM - 10:00PM
Saturday
9:00AM - 3:00PM