Citizens Bank Online-Only CD Review

Citizens Bank Online-Only CD is offered by Citizens Bank, a bank founded in 1828 and based in Providence, RI. Citizens Bank Online-Only CD is available in 11 states across the USA.

Are cd accounts from Citizens Bank federally insured?

Yes, your Citizens Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57957). 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 Bank offer?

• IRA
• Traditional

What APY does Citizens Bank offer on its CDs?

Citizens Bank Online-Only CD offers an APY of 0.50% (APY stands for annual percentage yield, rates may change).

What is the minimum deposit to open a CD account with Citizens Bank?

Citizens Bank Online-Only CD requires a minimum initial deposit of $1,000 to open an account.

What types of early withdrawal penalties does Citizens Bank Online-Only CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

Citizens Bank does not charge an early withdrawal fee.