In order to obtain the best CD rates available from Citizens Bank, account holders have to hold an account among either the midterm CD accounts or long term CD products. Citizens Bank CD rates on the short end of the curve are trailing the national average CD rates however, the long term CD rates offered by Citizens Bank exceed the national average rates.
Citizens Bank features three different categories of accounts. The bank has standard CD accounts that have a low minimum balance requirement to open a CD. The bank also offers a Circle account that requires a $5,000.00 minimum deposit in the CD account or as a combination of linked bank accounts at Citizens Bank. A higher tiered account called the Circle Gold account requires a $20,000.00 balance in the CD account or $20,000.00 in combined linked accounts with the bank. The benefit of the Circle account and Circle Gold accounts are better interest rates on bank products.
Citizens Bank CDs are available as standard fixed rate and fixed term CDs as well as a penalty free withdrawal CD called the breakable CD. The breakable CD has a fixed CD interest rate and allows for one penalty free withdrawal during the CD term.
Citizens Bank is currently promoting a breakable CD with a 15 month term that has standard and Circle CD rate of 0.10% and a Circle Gold rate of 0.60%.
Standard CD rates promoted by Citizens Bank include the following samples:
Citizens Bank 6 month rate is 0.05% standard, 0.15% for Circle accounts and 0.20% for Circle Gold accounts.
1 year CD rate is 0.25% on standard accounts, 0.27% for Circle accounts and 0.30% for Circle Gold accounts.
18 month CD rate is 0.50% on standard accounts then moves up to 0.75% for the Circle accounts and reaches 1.00% for Circle Gold customers.
30 – 35 month CD rate starts at 0.90% standard, progresses to 1.10% for Circle and 1.30% for Circle Gold customers.
The Citizens Bank 5 year CD rate is 1.50% for standard accounts, Circle accounts are at 1.75% and 2.00% for Circle Gold.
CD rates listed from Citizens Bank are current as of this publication date but are subject to change. There may be penalty for early withdrawal on the listed accounts.
Citizens Bank is the 17th largest bank in the U.S. Citizens Bank operates in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont as well as in Illinois, Michigan and Ohio under the brand name Charter One. The bank manages over 1,500 bank branch locations and more than 3,800 ATMs.
Citizens Bank offers a wide assortment of certificates of deposit and often promotes some of the best CD rates in NY. Citizens Bank is among the top 15 largest banks in the U.S. Citizens Bank operates bank branches under the Citizens name in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, Pennsylvania, Rhode Island, Vermont as well as New York.
Citizens Bank promotes their CD rates with three different options that offer three different levels of interest rates per CD term. The Citizens Bank CD rates in NY can be opened as standard bank CD’s, Circle Banking CD’s and Circle Gold Banking CD. The different CD accounts are based on the account holders maintaining other relationship accounts and in turn the bank accounts earn higher interest rates.
All of the bank CD rates require a checking relationship. The Circle Banking CDs require a Citizens Bank Circle checking and Circle savings account while the Circle Gold Banking requires a Citizens Bank Circle Gold checking account and Circle Gold savings account.
The bank CDs are easy to open and come with a variety of yields and terms for NY customers. All Citizens Bank deposit accounts are FDIC insured. Current terms and Citizens Bank CD rates in NY include:
1 year Citizens Bank CD rate in NY is 0.60% or 0.85% for the Circle CD account or 1.10% on the Circle Gold bank CD account.
15 month CD interest rate from Citizens Bank in NY is 0.75% on the standard account, 1.00% fro the Circle account and 1.25% for the Circle Gold CD account.
2 year CD rate is 1.25% on standard accounts, 1.50% on Circle accounts and 1.75% on Circle Gold account.
3 year bank CD rate is1.50% standard, 1.75% for Circle and 2.00% for Circle Gold.
4 year bank CD rate in NY is 1.70% on the standard account, 1.95% for Circle and 2.20% on the Circle Gold account.
5 year rate is 2.00%, 2.25% and 2.50% for the three tiers available.
There is a minimum opening balance of $1,000.00 for all the CD accounts. The Annual Percentage Yield or APY listed expresses an annual rate of return which takes into compound interest.
All NY CD rates promoted by Citizens Bank are current as of this publication date but are not guaranteed. CD rates are subject to change and additional conditions may apply.
For current CD rates and additional account information, a Citizens Bank customer service representative can be reached at 877-360-2472.
For more rates in New York see New York CD rates.
Citizens Bank offers CD rates in for communities in Michigan, Ohio, Wisconsin, and Indiana. Citizens Bank CD rates are dependent on the region in which the account the open. CD rates in MI may be different than those offered in other areas. Citizens Bank offers competitive CD rates in all of the markets they currently operate in.
Citizens Bank CDs have maturities that range from 7 days to 5 years. The bank CD accounts give the account holder the option of allowing the accrued interest to remain in the CD account, or the interest earned can be transfer it to another Citizens Bank account on a monthly, quarterly or semi-annual basis. The bank CDs can also be used for collateral on loans with the bank.
The best CD rates offered by Citizens Bank are often found on the promotional rates. The promotional bank CDs require a minimum deposit of $1,000.00. Current CD rate specials in Michigan offered by Citizens Bank include the following:
15 month CD rate is 1.30%
30 month CD interest rate is 2.00%
60 month CD rate in Michigan is 3.00%
The standard CDs offered by Citizens Bank in Michigan compare to the national averages but are not as desirable as the rates offered on the promotional or special bank CDs. Standard CD rates and terms are tiered based with larger deposits generally yielding higher interest rates. Current Michigan CD rates offered by the bank for deposits amounts of $10,000.00 include:
3 month Michigan CD rate is 0.30%
6 month CD rate 0.60%
1 year CD interest rate 0.65%
2 year Citizens Bank CD rate 1.10%
3 year bank CD rate 1.40%
4 year CD rate in Michigan 1.70%
5 year CD rate 1.90%
These CD rates in Michigan from Citizens Bank are current as of May 3, 2010 but are not guaranteed. For current CD rates in Michigan or the other regions in which Citizens Bank operates call 800-444-6989.
Citizens Bank’s main office location is in Flint, Michigan. Citizens Bank has over 215 bank branch locations in four states.
Citizens Bank offers a number of different certificates of deposit with varying terms and CD rates in Massachusetts. CD rates with Citizen Bank depend on the geographic location of the bank branch. CD rates in MA with Citizens Bank may be different than in other regions.
Citizens Bank is headquartered in Providence, R.I. Along with bank branches in Massachusetts, Citizens Bank has a bank branch in Connecticut, Delaware, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont.
Citizens Bank CD Rates MA provide an assortment of competitive yields and terms to meet a variety of needs and offer the security and safety that comes with FDIC insurance. The banks CDs have no monthly maintenance fees.
The bank CDs can be opened with as little as $1,000.00 or as little as $250.00 for bank IRA CDs with Citizens Bank.
Citizens Bank CD Rates in MA can be obtained by opening the CD accounts with more than one option. The bank offers standard rate CD’s, Circle Banking CD’s, Circle Gold Banking CD’s and IRA CD’s. Circle Banking CDs require a Circle checking and Circle savings account with the bank while Circle Gold Banking requires Circle Gold checking and Circle Gold savings accounts with the bank.
Current Massachusetts CD rates offered by Citizens Bank include the following:
1 year CD rate in MA for a standard CD is 0.60% the Circle rate is 0.85% and the Circle Gold CD rate is 1.10%.
15 month CD interest rate is 0.75% on the standard CD, 1.00% for the Circle customers and 1.25% for Circle Gold accounts.
The MA CD rate for a 2 year term CD is 1.25% standard, 1.50% Circle and 1.75% Circle Gold.
The 3 year term bank CD has a standard interest rate of 1.50%, Circle interest rate is 1.75% and Circle Gold rate is 2.00%.
The 5 year CD rate is 2.15% standard, 2.40% Circle accounts and 2.65% on Circle Gold accounts.
CD rates in MA from Citizens are accurate as of 5/1/2010 and are subject to change. CD rates are believed to be accurate but cannot be guaranteed. Additional conditions may apply to open these accounts.
For current Citizens Bank CD rates or additional account information call 1-877-360-2472 or visit a Massachusetts bank branch.