Searching for best certificates of deposit (CDs) to secure a high annual percentage yield on your surplus cash? If you're on the East Coast, Citizens Bank has probably come up. It's a reputable brand known for its strong CD offerings.
TL;DR
- Citizens Bank offers standard CDs with up to 4.25% APY but requires a $25,000 minimum deposit of new funds.
- Standard CDs have limited term lengths and are geographically restricted, requiring zip code verification for eligibility.
- Business CDs have a lower $1,000 minimum deposit but offer significantly lower APYs compared to standard CDs.
- IRA CDs have a $250 minimum deposit and similar early withdrawal penalties to standard CDs.
However, it's not all sunshine and roses; certain significant conditions might render a Citizens Bank CD unsuitable for your needs. Here's a breakdown of what you should be aware of.
Rates are current as of Nov. 10, 2025, and are subject to change.
Citizens Bank CD rates and products
Citizens Bank provides three CD varieties: standard, business, and IRA CDs. They don't feature specialized choices such as bump-up, flex, or jumbo accounts.
Certain account choices present significant accessibility challenges, requiring substantial initial deposits and limiting who can qualify based on geographic area.
Standard CDs
Citizens Bank standard CDs offer competitive APY (up to 4.25% at the time of writing), but there are a couple peccadillos to consider.
You'll discover a limited number of term lengths (only two), with a substantial minimum investment of $25,000 in fresh funds, meaning money not presently held by Citizens Bank. Furthermore, these CDs are geographically restricted, so eligibility isn't universal. You'll have to input your zip code to determine if you're qualified.
Citizens Bank standard CDs
| Term length | APY |
|---|---|
| 6 months | 4.25% |
| 10 months | 3.50% |
| 6 months | |
|---|---|
| APY | 4.25% |
| 10 months | |
| APY | 3.50% |
Bank details checked Nov. 10, 2025
Business CDs
Citizens Bank's business CDs provide shorter durations and a reduced initial deposit requirement, though they typically come with less favorable interest rates.
Citizens Bank Business CD rates
| Term length | APY |
|---|---|
| 3 months | 0.03% |
| 6 months | 0.03% |
| 9 months | 0.03% |
| 12 months | 0.10% |
| 15 months | 0.03% |
| 18 months | 0.03% |
| 3 months | |
|---|---|
| APY | 0.03% |
| 6 months | |
| APY | 0.03% |
| 9 months | |
| APY | 0.03% |
| 12 months | |
| APY | 0.10% |
| 15 months | |
| APY | 0.03% |
| 18 months | |
| APY | 0.03% |
Bank details checked Nov. 10, 2025
IRA CDs
Citizens Bank provides a good selection of IRA CD durations, ranging from one to 120 months. Nevertheless, they don't display APYs on their website, meaning you'll have to contact them to find out the current rates.
IRA CDs offer the same early withdrawal penalties as regular CDs. However, remember that the IRS will impose penalties if you withdraw funds from your IRA prior to reaching 59½ years of age.
Bank details checked Nov. 10, 2025
A comparison of Citizens Bank against its leading rivals
While Citizens Bank offers strong Certificates of Deposit, other institutions may provide superior Annual Percentage Yields for certain durations. This guide examines CD rates from rival banks.
 Citizens bank |  Discover |  Northern Bank Direct |
|---|---|---|
| 3 months | 3 months | 3 months |
| N/A | 2.00% | N/A |
| 6 months | 6 months | 6 months |
| 4.25% | 3.50% | 4.00% |
| 9 months | 9 months | 9 months |
| N/A | 3.50% | 3.75% |
| 10 months | 10 months | 10 months |
| 3.50% | N/A | N/A |
| 12 months | 12 months | 12 months |
| N/A | 4.05% | 3.25% |
| Learn more | Learn more | Learn more |
| View offer at MoneyLion | View offer at MoneyLion | View offer at Northern Bank Direct |
Bank details checked Nov. 10, 2025
Learn more about Citizens Bank
Citizens Bank, ranking among the top 20 largest U.S. Banks, operates as a comprehensive financial institution with approximately 1,000 locations. Established in 1828 as High Street Bank, it has grown significantly by acquiring numerous other financial entities and maintains a substantial footprint in the Midwest and along the East Coast.
In addition to CDs, Citizens Bank offers checking and savings accounts, money market accounts (MMAs), credit cards, home loans, student loans, and much more. It’s also worth noting that its online-only division, called Citizens Access, offers more CD term options and APYs than you’ll find through the bank’s main website.
Frequently asked questions
Citizens Bank provides a variety of Certificates of Deposit (CDs).
Citizens Bank provides standard and business CDs with terms of 3, 6, 9, 10, 12, 15, and 18 months. The bank's IRA CD options range from 1 to 120 months.
Citizens Bank CDs incur early withdrawal penalties.
Your early withdrawal penalties are determined by your term's duration. You'll incur a charge equivalent to 90 to 180 days of interest on the withdrawn sum, or half of the interest still accrued, whichever figure is higher. A further $50 fee will also be applied.
When your Citizens Bank Certificate of Deposit (CD) reaches its maturity date, several options become available.
After your Citizens Bank CD reaches its maturity date, a 10-day grace period is provided for you to either withdraw your funds or transfer them into a different CD. Should you fail to take any action, your account will be automatically renewed.
Citizens Bank CDs FDIC insured?
Yes, Citizens Bank CDs are FDIC insured up to $250,000 per account holder per account ownership category.
Citizens Bank CD minimum deposit
The minimum deposit required for a CD at Citizens Bank is between $250 and $25,000, depending on the CD type.