Here at Peak Personal Finance, we haven’t looked at some of the best certificate of deposit offers available from Citizens Bank in a while, so we thought we’d bring you the latest.
Citizens Bank offers a number of Certificates of Deposit or CDs. The company offers the highest CD rates but with the lowest monthly charges. Citizen Bank CD rates depend on the geographic location of a bank branch. Other factors that can impact the prices and APY of these certificates include the national economic situation, federal regulations and market regulations.
CD rates at Citizen Bank for an average investment of $1,000 depend on the term limit of the account. For an 11-month CD, the bank offers an Annual Percentage Yield of 0.50%. A 15-month CD will yield 0.60% whereas a 30-month CD will return an APY of 1.00%. A 3-year CD offers an APY of 1.50% whereas a 5-year CD returns an APY of 2.15%.
Citizen CD rates for premium accounts are higher than the standard ones. Circle banking customers of the bank can benefit from an APY of 0.75% for an 11-month CD. Customers with Circle Gold banking accounts will receive an APY of 1.00% on the same investment.
The rates go up for CDs with longer terms of maturity. A 30-month CD for Circle and Circle Gold will yield 1.25% and 1.50%, respectively. A 3-year investment will yield 1.75% on Circle and 2.00% on Circle Gold accounts. Investors in 5-years CDs will receive 2.40% for Circle and 2.65% for Circle Gold accounts.
The bank also offers the opportunity of opening IRA CD accounts. It has subsidized the minimum amount required for these accounts and now offers them at the starting price of $250.
