Citizens Bank Platinum Savings Account Review

Where does Citizens Bank Platinum Savings Account do business?

Citizens Bank is based in Providence, RI. It was founded in 1828 and offers savings accounts in 11 states across the USA.

Citizens Bank Platinum Savings Account is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC insures deposits in checking accounts, savings accounts, certificates of deposit (CDs), and money market accounts up to $250,000 per depositor if a member institution fails.

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.