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Citizens Bank CD rates 2025: Strong APY (but can you afford it?)

Joseph HostetlerBy Joseph HostetlerStaff Writer, Personal Finance
Joseph HostetlerStaff Writer, Personal Finance

    Joseph is a staff writer on Fortune's personal finance team. He's covered personal finance since 2016, previously serving as a reporter and editor at sites like Business Insider and The Points Guy. He has also contributed to major outlets such as AP News, CNN, Newsweek, and many more.

    The Citizens Bank logo on a green layered background.
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    Hunting for the best certificates of deposit (CDs) to lock down a high APY for your excess funds? For those on the East Coast, Citizens Bank has likely crossed your mind. It’s a trusted household name that offers competitive CD options. 

    It’s not all whiskers on kittens, however; there are a few important conditions that may make a Citizens Bank CD a nonstarter for you. Here’s what you need to know. 

    Rates are current as of Sept. 19, 2025, and are subject to change. 



    Citizens Bank CD rates and products 

    Citizens Bank offers three CD types: standard, business, and IRA CDs. You won’t find specialty options like bump-up, flex, or jumbo accounts. 

    Some account options aren’t terribly accessible, demanding large opening deposits and restricting eligibility by location. 

    Standard CDs 

    Citizens Bank standard CDs offer competitive APY (up to 4.15% at the time of writing), but there are a couple peccadillos to consider. 

    You’ll find comparatively few term lengths (just two), and the minimum buy-in is a whopping $25,000 in new money—that is, money not currently held by Citizens Bank. To boot, these CDs are available based on location, so not everyone is eligible. You’ll need to enter your zip code to see if you qualify.

    Citizens Bank standard CD features

    Minimum opening deposit4.15% (new money)
    Early withdrawal penalty– Terms of less than 1 year: $50 penalty + 90 days interest on the amount withdrawn OR half the remaining interest to be earned (whichever is greater) – Terms of 1 year or more: $50 penalty + 180 days interest on the amount withdrawn OR half the remaining interest to be earned (whichever is greater)
    Additional deposits allowedNo
    Automatic renewalYes
    Grace period10 days

    Citizens Bank standard CDs

    Term lengthAPY
    6 months4.15%
    10 months3.50%
    6 months
    APY4.15%
    10 months
    APY3.50%

    Bank details checked Sept. 19, 2025 

    Business CDs 

    Citizens Bank business CDs offer shorter terms and a lower minimum opening deposit. They also feature inferior earning rates, topping out at 0.30% at the time of writing. 

    Citizens Bank business CD features

    Minimum opening deposit$1,000
    Early withdrawal penalty– Terms of less than 1 year: $50 penalty + 90 days interest on the amount withdrawn OR half the remaining interest to be earned (whichever is greater) – Terms of 1 year or more: $50 penalty + 180 days interest on the amount withdrawn OR half the remaining interest to be earned (whichever is greater)
    Additional deposits allowedNo
    Automatic renewalYes
    Grace period10 days

    Citizens Bank Business CD rates 

    Term lengthAPY
    3 months 0.30%
    6 months 0.30%
    9 months 0.30%
    12 months 0.30%
    15 months0.30%
    18 months0.30%
    3 months 
    APY0.30%
    6 months 
    APY0.30%
    9 months 
    APY0.30%
    12 months 
    APY0.30%
    15 months
    APY0.30%
    18 months
    APY0.30%

    Bank details checked Sept. 19, 2025 

    IRA CDs 

    Citizens Bank offers a healthy number of IRA CD terms, from 1 to 120 months. However, it doesn’t publish APY online—so you’ll need to call for current rates. 

    IRA CDs come with the same early withdrawal penalties as standard CDs. But keep in mind that you’ll also be subject to penalties from the IRS if you take a distribution from your IRA before age 59½. 

    Citizens Bank IRA CD features

    Minimum opening deposit$250
    Early withdrawal penalty– Terms of less than 1 year: $50 penalty + 90 days interest on the amount withdrawn OR half the remaining interest to be earned (whichever is greater) – Terms of 1 year or more: $50 penalty + 180 days interest on the amount withdrawn OR half the remaining interest to be earned (whichever is greater)
    Additional deposits allowedNo
    Automatic renewalYes
    Grace period10 days

    Bank details checked Sept. 19, 2025 



    Compare Citizens Bank to top competitors 

    Citizens Bank CDs are excellent—but it’s possible to find higher APY for specific terms. Here’s a look at CD rates offered by competitors. 

    Citizens Bank logo
    Citizens bank 
    Discover Bank logo
    Discover
    Northern Bank Direct Logo
    Northern Bank Direct
    3 months3 months3 months
    N/A2.00%N/A
    6 months6 months6 months
    4.15%3.50%4.00%
    9 months9 months9 months
    N/A3.50%4.00%
    10 months10 months10 months
    3.50%N/AN/A
    12 months12 months12 months
    N/A4.00%3.25%
    Learn moreLearn moreLearn more
    View offer
    at MoneyLion
    View offer
    at MoneyLion
    View offer
    at Northern Bank Direct

    Bank details checked Sept. 18, 2025 

    Learn more about Citizens Bank 

    As one of the top 20 biggest banks in the U.S., Citizens Bank is a full-service bank with about 1,000 branches. Evolving from modest beginnings in 1828 as High Street Bank, it has since absorbed multiple other financial institutions and has a strong presence in the Midwest and on 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 

    What CD terms does Citizens Bank offer?

    Between its standard and business CDs, Citizens Bank offers 3, 6, 9, 10, 12, 15, and 18 months. Its IRA CD terms vary from 1 to 120 months.

    What are the early withdrawal penalties for Citizens Bank CDs?

    The penalties you pay for an early withdrawal depend on the length of your term. You’ll pay between 90 and 180 days interest on the amount withdrawn—or half the remaining interest earned, whichever is greater. You’ll also pay an additional $50 penalty.

    What happens when my Citizens Bank CD matures?

    When your Citizens Bank CD matures, you have a 10-day grace period to withdraw your money or put your money into an alternate CD. If you do nothing, your account will renew automatically.

    Are Citizens Bank CDs FDIC insured?

    Yes, Citizens Bank CDs are FDIC insured up to $250,000 per account holder per account ownership category.

    What is the minimum deposit required for a CD at Citizens Bank?

    The minimum deposit required for a CD at Citizens Bank is between $250 and $25,000, depending on the CD type.

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