bank rates

Citizens Bank’s Top CD Rates: 2.25% APY

You'll earn this rate with a $1,000 minimum deposit.Citizens Bank features only promotional offers on its website. You have to visit a branch or call customer service for a complete listing of its CD rates.

Save your time. All but one standard term is below average.

The big bank’s best deal is a 60-month promotional offer.

That rate appears to top out at 2.25% APY for all of the nine states that Citizens Bank has branches: Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont.

(Citizens Bank operates as Charter One in Ohio, Illinois and Michigan.)

For a big bank these days, 2.25% APY isn’t too shabby.

But you have to be a “Circle Gold Banking” customer to get that rate, and you must make a minimum deposit of $1,000. This relationship level requires you to have a checking, savings and money market account with the bank.

“Circle Banking” banking customers — those with a checking and either a savings account or MMA — will earn a quarter of a percentage point less, or 2.00% APY.

Non-relationship customers lose another quarter of a percentage point, landing at 1.75% APY.

Even that’s higher than the average annual yield large banks and thrifts are offering for the 60-month term, which dropped (again) this week to 1.68%.

But it’s not as good as the top nationally available 60-month CD rate on our CD Rates Leaderboard. Sovereign Bank owns the top CD rates at 2.80% APY.

Citizens Bank’s ( other web-only promotional offering is an 18-month CD that ranges in APY from 0.40% to 1.00%, depending on relationship status and where you live.

(As usual, I searched for rates by ZIP codes for each state. On this deal, savers in Philadelphia and New Jersey earn the most, by a tenth of percentage point.)

Find better deals when you compare Citizens Bank’s returns with the best CD rates from scores of other banks in our extensive database.

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Comments (1)
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One Existing Comment
  1. Kathy at Bankaholic said:
    on July 11th at 07:37 am

    The 60-month CD now pays 2.20%, 1.95% or 1.70% APY, depending on type, and the 18-month rates now range from 0.50% to 1.00% APY.