Citizens Bank Platinum Savings Account Review

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

Are savings accounts from Citizens Bank federally insured?

Yes, your Citizens Bank savings 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 APY does Citizens Bank offer?

Citizens Bank Platinum Savings Account offers an APY of 0.02% (APY stands for annual percentage yield, rates may change).

What features and perks does Citizens Bank Platinum Savings Account offer?

This account includes the following features:

• Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
• Fraud monitoring - Citizens Bank Platinum Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.

What fees does Citizens Bank Platinum Savings Account charge?

Citizens Bank Platinum Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $30 fee.
• Outoing international bank transfers come with a $100 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Citizens Bank Platinum Savings Account charges $2 every time you request a paper statement.