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.

Read the full Citizens Access review.

There is a good variety of CD terms available through Bangor Savings Bank. The terms range from three-months to 60-months. There are a total of nine different CD terms offered through Bangor Savings Bank.

Bangor Savings Bank CDs offer competitive interest rates. The rates are competitive with other online CDs. Bangor Savings Bank CDs interest rates are slightly lower than other online CD terms. These CD rates are much higher than typical bank rates. Even the short-term CDs offer competitive interest rates.

The opening required amount is the same for each CD term. Each Bangor Savings Bank requires $500 to open. You must keep this balance in your CD to earn the competitive interest rates on these CDs.

There are a number of ways to contact customer service with Bangor Savings Bank. They have branch locations in Maine and New Hampshire. They offer live chat, email, mail, and phone options to contact customer service. You can also follow Bangor Savings Bank on Facebook, Twitter, LinkedIn, and Twitter.

You cannot open any of the Bangor Savings Bank CD accounts online. To open a CD with this bank you must visit a local branch location. Bangor Savings Bank has over 50 branch locations in Maine and New Hampshire.

The CDs available through Bangor Savings Bank have tiered interest rates. To earn the most competitive interest rates you must be a Benefits Plus Customer. To be a Benefits Plus Member you must meet certain requirements. Talk to customer service about those requirements when you open your CD.

If you withdraw money before your CD reaches the maturity date, Bangor charges a penalty. The penalty for most of the CD terms ends up being half of the earned interest of the CD term. For CDs with a term length of 12-months, the penalty is six-months of interest. For 36-month CDs, the penalty is 18-months of interest. The 48-month and 60-month CDs both have the penalty of 24-months of interest.

Bangor Savings Bank does not offer an interest rate guarantee. The interest rate you earn for the life of the CD term is the rate on the day you open the CD. If the rates increase shortly after you open your CD, your interest rate will not increase.

Read the full Bangor Savings Bank review.