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 4.25% 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 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 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 rates
| Term length | APY |
|---|---|
| 3 months | 0.30% |
| 6 months | 0.30% |
| 9 months | 0.30% |
| 12 months | 0.30% |
| 15 months | 0.30% |
| 18 months | 0.30% |
| 3 months | |
|---|---|
| APY | 0.30% |
| 6 months | |
| APY | 0.30% |
| 9 months | |
| APY | 0.30% |
| 12 months | |
| APY | 0.30% |
| 15 months | |
| APY | 0.30% |
| 18 months | |
| APY | 0.30% |
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.
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 |  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% | 4.00% |
| 10 months | 10 months | 10 months |
| 3.50% | N/A | N/A |
| 12 months | 12 months | 12 months |
| N/A | 3.85% | 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 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.