Business Insider's personal finance team compared Citizens CD rates to the Citizens Bank 10 Month Online CD pays a decent rate of 3.50% APY. The Citizens Access Online CD with Citizens, the online-only division of Citizens Bank. Fixed rates vary depending on the term, but range from 2.75% to 3.50% APY. Overall, these CD rates are higher than Citizens Bank business accounts, including business CDs.
Citizens Bank CD Pros and Cons
Citizens Bank CD Pros
- Competitive rates on 10-month and 1-year terms
- Standard minimum opening deposit for 14-month term
- Citizens Access Online CDs available nationwide
- Easy-to-use mobile app
Citizens Bank CD Cons
- Other online banks offer higher CD rates overall
- High minimum deposits on most terms
- Citizens Bank CDs only available in select states
Citizens Bank CD Alternatives
Citizens Bank CDs vs. Capital One 360 CDs
Capital One 360 nine offers CD terms ranging from six months to five years. Synchrony Bank CD terms range from three months to five years, including a 24-month Bump Up CD and an 11-month No-Penalty CD. compound interest calculator.
You can withdraw interest from your Citizens CDs during the term length, but doing so will prevent your interest from compounding, earning you less money overall. When a bank lists an certificate of deposit methodology to review CDs. We evaluated Citizens Bank's interest rates, CD terms, withdrawal penalties, miscellaneous features, and minimum deposits. We also considered the bank's mobile app, customer service, security, and ethics to determine a rating.
We assign each category a score from 0 to 5. We use a weighted average to get our star rating, which means we weigh certain features, like interest rates and fees, at a higher weight percentage than others. We understand that these areas can more heavily impact a person's overall banking experience. We rate bank accounts on a scale of one to five stars.
Citizens Bank CD Rates FAQs
Does Citizens Bank offer competitive CD rates?
Citizens Bank offers competitive CD rates for 10-month and 1-year terms. If you are interested in opening a CD over a year, the best online banks pay better CD rates.
Does Citizens Bank change its CD rates often?
Citizens Bank can change CD rates at any time. That said, CD rates are often affected by changes in the federal funds rate.
What's unique about Citizens Bank CDs?
Citizens Bank offers unique 10-month and 14-month terms on online CDs. Besides that, though, Citizens Bank CDs don't have any other standout features. For specialty CDs, you also have to consider other banks; Citizens only has one specialty CD, a no-penalty CD, and it offers a low rate.
Are Citizens Bank CDs FDIC-insured?
Yes, Citizens Bank is a Member FDIC bank. The FDIC insures money you deposit at the bank for up to $250,000 per account category and owner. If the bank fails, the FDIC will automatically reimburse you for the insured money you have in a CD.
Do I need an existing Citizens Bank account to open a CD?
You must have a Citizens Private Client Checking or Citizens Quest Checking Account to open a Citizens Bank 14 Month Online CD. You can open checking accounts and CDs at the same time, though.
Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards.
Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
**Enrollment required.
*Varo Savings Account: To earn the highest APY each month (5.00%) on up to $5,000, you must receive at least $1,000 in direct deposits each month and keep your Varo Bank Account balances above $0. Earn 2.50% APY on your remaining balance. Rates are subject to change at any time.
**LendingClub LevelUp Savings Account: Earn 4.40% APY when you deposit at least $250 per month, earn 3.40% standard APY if minimum isn't met.
***Barclays Tiered Savings Account: Accounts with $250,000 or less will earn 4.00% APY, accounts with over $250,000 will earn 4.20% APY. Rate are determined by balance tiers and amount deposited.
1Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. *APYs — Annual Percentage Yields are accurate as of September 23, 2025: 0.25% APY on balances of $0.01 to $4,999.99; 3.85% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
2Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of September 15, 2025.
1 APY — Annual Percentage Yield is accurate as of September 23, 2025. Interest Rates for the Savings Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account.
2Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of September 15, 2025.
