Citizens Bank certificate of deposit review

Do you want to see a complete review of the Citizens Bank certificate of deposit? From Responsible Economy we have carried out an analysis of all its features: interest rate, terms, fees and everything you need to know. You will also be able to see a comparison of the best certificates of deposit in the United States in 2023 and an explanatory video. Welcome!

Explicative video

We have made a video summarizing in a very simple way all the features of the Citizens Bank Certificate of deposit. If you like our content, don’t hesitate to support us with a subscription and thus receive videos every day:

YouTube video
Citizens Bank certificates of deposit

Features

In this section we show you in detail each of the characteristics:

Interest rate

The Citizens Bank Certificate of Deposit offers an interest rate of 2.75% APY with a term of 14 months. You cannot choose any other term.

Citizens Bank certificate of deposit rates

Citizens Bank does not offer a competitive certificate of deposit because the maximum interest rate you can get is 2.75% APY.

Fees

Always look at the annual or monthly maintenance fees. This certificate of deposit has no maintenance fees and is free to open.

Minimum deposit

This certificate of deposit requires a minimum of $1,000.

Best certificate of deposit in 2023

We have made a ranking with the best certificates of deposit that we can open in the United States in 2023:

Logo capital One CDs
  • 5% APY
  • Minimum deposit: $0
  • Term: 11 months
  • Member FDIC
Marcus by Goldman Sachs
  • 4,40% APY
  • Minimum deposit: $5000
  • Term: 12 months
  • Member FDIC
CIT Bank Logo
  • 4,65% APY
  • Minimum deposit: $1000
  • Term: 13 months
  • Member FDIC
synchrony-bank-logo
  • 4,60% APY
  • Minimum deposit: $0
  • Term: 14 months
  • Member FDIC
Alliant Logo
  • 4,60% APY
  • Minimum deposit: $1000
  • Term: 12 months
  • Member FDIC
Bask bank logo
  • 4,55% APY
  • Minimum deposit: $1000
  • Term: 12 months
  • Member FDIC
Barclays Logo
  • 4,50% APY
  • Minimum deposit: $0
  • Term: 12 months
  • Member FDIC
BMO logo
  • 4,50% APY
  • Minimum deposit: $1000
  • Term: 12 months
  • Member FDIC

Pros and cons

After seeing all the features of the Citizens Bank certificate of deposit and which are the best CDs in the United States, we have made a table with all the advantages and disadvantages:

ProsCons
No feesMinimum deposit $1,000
2.75% APY
Citizens Bank certificate of deposit pros and cons

Requirements

To open this certificate of deposit you must meet the following requirements:

  • Live in the United States
  • Must be over 18 years old
  • Have a Social Security
  • American account number

Conclusion

After our review, our conclusion is that Citizens Bank does not offer a competitive certificate of deposit because the maximum interest rate you can get is 2.75% APY and a minimum of $1,000 is required.

Frequent questions

Now we answer all the questions you may have about the Citizens Bank certificate of deposit:

More information about Citizens Bank

Here is a table with information of interest about Citizens Bank:

InformationDescription
Websitehttps://www.citizensbank.com/
Twitterhttps://twitter.com/citizensbank
Facebookhttps://www.facebook.com/citizensbank
YouTubehttps://www.youtube.com/citizensbank
Interest information about Citizens Bank

Finally, we show you related content about certificates of deposit:

Updated the day 15 May, 2023 by Alfredo Barandiarán

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