Citizens National Bank CD

Citizens National Bank CD Review

Citizens National Bank CD are offered by Citizens National Bank, a bank founded in 1888 and based in Meridian, MS. Citizens National Bank CD are available in 50 states (and Washington, DC).

Key Takeaways

• Only one CD type available. Citizens National Bank CD only offers traditional CD accounts.
• High minimum deposit. You must deposit a minimum of $2,500, which is high compared to most CD accounts.
• Limited selection of CD terms. Citizens National Bank CD only offers two CD terms. This limits your options when trying to set up a CD ladder.

Pros & Cons of Citizens National Bank CD

Citizens National Bank CD FAQ

Are CD from Citizens National Bank federally insured?

Yes, your Citizens National 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 National Bank offer?

• 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 National Bank offer on its CDs?

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

Citizens National Bank CD require a minimum deposit of $2,500 to open an account.

What is the grace period for Citizens National Bank CD?

Citizens National Bank CD does not specify what their grace period is. 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 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 National 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 National Bank does not charge an early withdrawal fee.

Citizens National Bank does charge any of the fees we track.