Jump to Section

Advertiser Disclosure

Last Updated: 04/18/2025

Citizens Bank Online-Only CD

in CD Accounts from Citizens Bank

Last Updated: 04/18/2025

No Reviews Yet

This product has no reviews yet. Help others by sharing your thoughts.

Be the first to rate

Cast Your Vote

Compare All CD Accounts

Filter & compare all your options in one place.

View All Products

Highlights

APY (Annual Percentage Yield)

0.05%(Verified 06/21/2024)

Disclaimer popup with additional information

Minimum Opening Deposit

Starting at $1,000

Certificate Term

N/A

Citizens Bank Online-Only CD Review

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

Key Takeaways

Only one CD type available. Citizens Bank CD only offers traditional CD accounts.
Low APY. The maximum annual percentage yield for this account is only 0.05%.
$1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.

Pros & Cons of Citizens Bank Online-Only CD

Pros

Cons

CDs are insured up to FDIC limits.

Only available in 11 states.
There isn't a no-penalty CD option.
Does not offer an IRA CD.

Citizens Bank Online-Only CD FAQ

Are CD from Citizens Bank federally insured?

Yes, your Citizens Bank 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 Bank offer?

Citizens Bank CD 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 Bank offer on its CDs?

The CD rates for this account have an APY of0.05% (APY stands for annual percentage yield, rates may change).

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

Citizens Bank CD require a minimum deposit of $1,000 to open an account.

What is the grace period for Citizens Bank CD?

There is a 10-day grace period for Citizens Bank CD. 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 Bank 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 Bank charges an early withdrawal fee.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

1 Citizens Plz

Providence, RI 02903

Visit Site