Citizens Bank certificate of deposit review

Would you like to check out a comprehensive review of the Citizens Bank certificate of deposit? At Responsible Economy, we’ve conducted a thorough analysis covering all its features, including interest rates, terms, fees, and everything you need to know. Additionally, we offer a comparison of the best certificates of deposit in the United States for 2023, along with an explanatory video. Welcome to our platform!

Explicative video

We’ve created a concise and easy-to-understand video summarizing all the key features of the Citizens Bank Certificate of Deposit. If you find our content valuable, consider supporting us with a subscription. By subscribing, you’ll receive daily videos from us, providing you with more insightful information to make informed financial decisions. Thank you for your support, and we look forward to delivering valuable content to you every day!


In this section, we’ll provide you with a detailed breakdown of each characteristic:

Interest rate

The Citizens Bank Certificate of Deposit offers a fixed interest rate of 2.75% APY for a specific term of 14 months. It’s important to note that the bank does not provide the option to choose any other term; this particular term is the only one available for this certificate of deposit.

Citizens Bank certificate of deposit rates

Citizens Bank doesn’t provide a competitive certificate of deposit option since the maximum interest rate offered is 2.75% APY.


It’s always important to consider annual or monthly maintenance fees when evaluating financial products. One advantage of this certificate of deposit is that it has no maintenance fees, making it a cost-effective option. Additionally, it’s free to open, which means there are no initial charges to start the account.

Minimum deposit

This certificate of deposit has a minimum requirement of $1,000 to open an account.

Best certificate of deposit in 2023

We’ve compiled a list of the top certificates of deposit available for opening in the United States:

Logo capital One CDs
  • 5.25% APY
  • Minimum deposit: $0
  • Term: 18 months
  • Member FDIC
Marcus by Goldman Sachs
  • 5.10% APY
  • Minimum deposit: $500
  • Term: 12 months
  • Member FDIC
CIT Bank Logo
  • 5.00% APY
  • Minimum deposit: $1,000
  • Term: 6 months
  • Member FDIC
  • 5.40% APY
  • Minimum deposit: $0
  • Term: 16 months
  • Member FDIC
Alliant Logo
  • 5.18% APY
  • Minimum deposit: $1,000
  • Term: 12 months
  • Member FDIC
Bask bank logo
  • 5.15% APY
  • Minimum deposit: $1,000
  • Term: 12 months
  • Member FDIC
Barclays Logo
  • 5.15% APY
  • Minimum deposit: $0
  • Term: 12 months
  • Member FDIC
BMO logo
  • 5.25% APY
  • Minimum deposit: $1,000
  • Term: 13 months
  • Member FDIC

Certificates of deposit calculator

We have developed a deposit calculator so that you can easily see how much money you can earn:

Citizens Bank certificate of deposit calculator

Citizens Bank certificate of deposit calculator

Your earnings:
Total Result:

Pros and cons

After examining all the features of the Citizens Bank certificate of deposit and identifying the best CDs in the United States, we have compiled a table listing all the pros and cons:

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


In order to open this certificate of deposit, you must meet the following requirements:

  • Reside in the United States.
  • Be at least 18 years old.
  • Possess a valid Social Security Number.
  • Have an American bank account number.


After conducting our review, we have reached the conclusion that Citizens Bank does not offer a competitive certificate of deposit. The maximum interest rate available is 2.75% APY, and they require a minimum deposit of $1,000.

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:

Interest information about Citizens Bank

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

Updated the day 1 September, 2023 by Alfredo Barandiarán

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