The Banesco USA BaneSmart CDs offer competitive interest rates. These rates are much higher than typical bank rates. Banesco USA CDs offer rates competitive with other online CDs.

The Banesco CDs have low opening required amounts. The amounts range from $1,000 to $1,500 depending on the account. You must keep these balances in your CD accounts to earn competitive interest rates.

You can open each BaneSmart CD term online. The application is on the Banesco USA website. You do not need to visit a branch location.

There are options on how and when you receive your interest payments. You can choose to receive BaneSmart CD interest payments monthly, quarterly, or semi-annually. You can also choose to receive the interest when the CD reaches maturity. You can deposit interest earnings into any Banesco USA accounts.

There are limited BaneSmart CD terms available through Banesco USA. The terms range from six to 36-month CDs. There are a total of five CDs available online. More CD terms may be available at a branch location.

The BaneSmart CDs do not offer an interest rate guarantee. If the interest rates increase shortly after you open your CD, your rates will not increase. The interest rates for BaneSmart CDs are competitive. But, there is not a guarantee if the rates increase.

Banesco CD terms longer than 12-months have limits on interest payments. The annual percentage yield cannot stay in the account. A payout is necessary. Withdrawing the money before the CD reaches maturity will result in a fee. Contact customer service for more information on this matter.

There are limited ways to fund your BaneSmart Banesco CD. To initially fund your CD, you need to mail in a check. The CD terms range from six to 36-months.

Read the full Banesco USA review.

The initial amount required to open standard Citizens Trust Bank CDs is low. All the standard CDs only require $500 to open. The jumbo CDs require $100,000 to open.

Citizens Trust Bank offers a variety of CD terms. The terms range from seven days to 60-months. There is a total of ten standard CD terms offered. The jumbo CDs also offer the same ten CD terms.

The CD terms offered through Citizens Trust Bank can be opened online. The application is online and completed entirely online.

The statements for Citizens Trust Bank accounts are free. To receive the free statements, signup to receive them electronically. If you wish to receive a statement in the mail, there is a fee of $5 per statement cycle.

The interest rates for Citizens Trust Bank are not competitive with other online CDs. These CD rates are competitive with typical bank rates. The interest rates are not tiered. Any amount over $500 earns the highest rate offered for Citizens Trust Bank CDs.

The jumbo Citizens Trust Bank CDs do not offer any higher interest rates. To open a jumbo CD requires $100,000. These rates are not competitive with other jumbo online CDs. The jumbo rates are not higher than the Citizens Trust Bank standard CD rates.

The short-term CDs hardly earn interest. The seven-day to 31-day terms, 90-day term, and six-month term earn very low interest. These term rates are similar to typical bank savings accounts. Online CDs earn much higher interest.

There are specific hours Citizens Trust Bank operates. Customer service is open Monday through Friday from 8:30 a.m. to 6 p.m. ET. You can call or email customer service. Citizens Trust Bank does offer some branch locations.

Read the full Citizens Trust Bank review.