Citizens Access CDs offer competitive interest rates. The rates are much higher than typical bank rates. Each of the CD terms offers interest rates competitive with other online CDs. The interest rates are not tiered. Any balance above $5,000 earns the most competitive interest rate offered.
Each Citizens Access CD comes with the CD Pledge Rate guarantee. Once you fund your CD, Citizens Access watches interest rates for ten days. The Rate Pledge guarantees you lock in the highest interest rate during that time. Once you lock in the highest interest rate, the rate stays the same for the entire term.
Citizens Access offers a good variety of CD terms. Those terms range from a six-month term to a five-year term. In all, Citizens Access offers seven CD term lengths.
Citizens Access encourages CD laddering. This means dividing up your investment between different term CDs. Dividing up your money can earn more interest. You can invest your money into short-term or long-term CDs. The Citizens Access website offers tools to help you understand CD laddering better.
The Citizens Access CDs have high opening required amounts. Each of the CD terms require $5,000 to open. The savings account also requires $5,000 to open.
There are limited ways to open and fund Citizens Access CDs. You cannot deposit cash or make a wire transfer into the CD. You can link an external bank account or deposit a check to fund the account. Make changes to the account during the 10-day grace period or once the CD reaches maturity.
To set up a maturity plan for your Citizens Access CD you need to call customer service. They can help you figure out what happens to your CD once it reaches maturity. Customer service has set hours they are available. Find the hours listed below.
Citizens Access offers two ways for customers to receive the interest earned on their CDs. You can choose to have the money added to the CD principal or transfer the money to another account. Those are the only two options for how to receive the interest earned.
Citizens Access offers financial tools to help customers. See what competitive interest rates can do for your money with these tools. See how to build a CD ladder and how much interest you earn through the savings account. You can also see a CD rate comparison chart. These tools can help ensure you open the right account for your financial needs.
Citizens Access is an entirely online account. They are an online division of Citizens Bank, which has been around for over 190 years. Citizens Bank has over $150 billion in assets.
Citizens Access offers online CDs and a savings account. These accounts are for personal deposits. They offer CDs terms ranging from six-months to five-years.
Yes. Citizens Access is FDIC insured. The FDIC is an agency of the United States government that protects funds deposited in banks, up to $250,000 per customer, per bank. The money deposited in FDIC insured banks means money is backed by the full faith and credit of the United States government.
They offer seven CD terms. Those terms range from six months to five years. Each of the CD terms is FDIC insured.
Each Citizens Access CD term requires $5,000 to open.
You can fund the account by linking your Citizens Access account to an external account. Once you link the accounts, you can make electronic transfers. You can also mail a check to Citizens Access.
The easiest way is to link your Citizens Access CD to an external bank account. Once you link the accounts, you can transfer money electronically. Only transfer between the linked accounts during the grace period or once the CD reaches maturity. If you do not link the accounts, you can call customer service and request a check.
No. You can open just a CD with Citizens Access.
Yes. Each of the CD terms offer competitive interest rates. Their rates are some of the leading rates for online CDs. Citizens Access interest rates are much higher than typical bank CD rates.
Interest is compounded daily and paid monthly. You can credit the interest to the CD principal or transfer the money to another account.
For CD terms 12-months or less the fee is 90 days of interest. If the CD term is longer than 12 months, the fee is 180 days of interest.
To make changes to your CD, set up a maturity plan. To set up the plan call customer service. You can set up a plan before the CD reaches maturity.
Contact customer service to set up a CD maturity plan.
The grace period is ten days.
Yes. Citizens Access CDs have fixed interest rates. You can lock in the highest rate offered during the ten days after you fund your account. Once you lock in the rate, it will remain the same for the term.
Mobile banking is currently not available. You can access your accounts online through their website.
The interest rates for each CD term is competitive with other online CDs. They offer a good variety of CD terms. The opening required amount to open each CD is $5,000.
They offer security measures that comply with federal laws. Citizens Access encrypts information with Secure Sockets Layering. They offer fraud monitoring 24/7. Customer service can freeze your account if you suspect fraud.
The shortest term is a six-month CD.
The longest CD available is a five-year term.
Yes. Citizens Access also offers a savings account. Both the CDs and the savings account are for personal deposits only.
No. The Citizens Access CDs and savings accounts are only for personal deposit accounts.
By phone or through a secure message by logging onto your account online. Their customer service has specific hours. They are open Monday-Friday from 8 a.m. to 10 p.m. ET. Saturday, they open from 9 a.m. to 3 p.m. ET, and Sunday from 10 a.m. to 3 p.m. ET. If you send a message, you should hear back within 24 to 48 business hours.
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