RBS Citizens Money Market Account

RBS Citizens Money Market Account Review

RBS Citizens Money Market Account is offered by Citizens Bank, a bank founded in 1828 and based in Providence, RI. RBS Citizens 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 1.6%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $0.01.
• Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $2,500.

Pros & Cons of RBS Citizens 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. Monthly service charge.

RBS Citizens 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 0.01% and ranging up to 1.6% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

Citizens Bank money market Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.01% - 1.6%

What are the fees for RBS Citizens Money Market Account?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $2,500.

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

RBS Citizens Money Market Account Fees

Fees	Amount
Monthly Fee	up to $10
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.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

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.

What is the customer service phone number?

The customer service number for this business card is (877) 360-2472.

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.