in Money Market Accounts from Citizens Bank · fdic

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Citizens Bank Platinum Money Market Account

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in Money Market Accounts from Citizens Bank · Member FDIC

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Highlights
APY (Annual Percentage Yield)	0.03% - 1.65%
APY Minimum Balance	$0
Minimum Opening Deposit	N/A

Citizens Bank Platinum Money Market Account Review

Citizens Bank Platinum Money Market Account is offered by Citizens Bank, a bank founded in 1828 and based in Providence, RI. Citizens Bank Platinum Money Market Account is available in 11 states across the USA.

Key Takeaways

Very high APY. This account offers an annual percentage yield of up to 1.65%, which is much higher than the national average for a money market account.
No APY minimum balance. There is no minimum amount you have to deposit to start earning interest with this money market account.

Pros & Cons of Citizens Bank Platinum Money Market Account

Pros	Cons
High-interest yield. Does not offer mobile check deposits.	No signup bonus. Does not provide a debit card. Not FDIC-insured. Only available in 11 states.

Citizens Bank Platinum Money Market Account FAQ

Are money market accounts from Citizens Bank federally insured?

Yes, your Citizens Bank money market 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 are the interest rates for Citizens Bank money market rates?

Citizens Bank money market offers an APY starting at 0.03% and ranging up to 1.65% (APY stands for annual percentage yield, rates may change).

Citizens Bank money market Rates and Terms
Rates	Amount
APY (Annualized Percentage Yield)	0.03% - 1.65%

What are the fees for Citizens Bank Platinum Money Market Account?

Citizens Bank Platinum Money Market Account does not charge a monthly maintenance fee.

Citizens Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.

Citizens Bank Platinum Money Market Account Fees
Fees	Amount
Monthly Fee	$0
Paper Statement Fee	N/A
Excess Transaction Fee	$15

What is the minimum balance for Citizens Bank money market?

No minimum initial deposit. Citizens Bank does not require a minimum initial deposit to open an account.

What features and perks does Citizens Bank money market offer?

This account does not seem to offer any of the features and perks we track.

How to open an account with Citizens Bank

Visit the Citizens Bank website.
Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
Check the information is accurate and submit your application.

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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.