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.

The interest rates for Capital One 360 CDs are competitive. Each of the terms offers competitive rates. The rates are competitive with other online CDs. The interest rates are not tiered. There is no required balance to earn competitive rates.

The Capital One 360 CDs do not have a set amount required to open the account. You choose how much you want to invest in the Capital One 360 CDs. The CDs cannot exceed $1,000,000.

Capital One 360 CDs offer a Rate Lock Guarantee. You fund your CD by linking it to an external account, which can be another Capital One account. Capital One 360 gives you 10 days to confirm ownership of the linked account. Because this takes a few days, your CD interest rate will be the highest one offered during those days.

Capital One 360 offers a good variety of CD terms. The CDs range from six months to five-year terms. They offer a total of nine CD terms. Each of the terms is FDIC insured.

The only deposit you can make into your CD is when you initially open the account. You cannot add money to the CD during the term life.

During the CD term, you cannot withdraw partial amounts of the principal. These types of withdrawals are only allowed during the grace period. If you make a withdrawal before the maturity date, you will be charged a fee.

To fund your Capital One 360 CD, you must link the CD to an external bank account. Once you have the CD linked to an external account, you can transfer money into the CD. The linked account can be another Capital One account.

Once your CD matures, you cannot add money to the current CD. If you have more money to add, your current CD will be closed and Capital One 360 will help you open a new CD. That CD will include the money from the previous CD and the money you want to add.

Read the full Capital One 360 review.