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.

USAA provides a good variety of CD terms. The terms range from three-months to seven-years. They offer fixed-rate CDs, jumbo and super jumbo CDs, and variable-rate CD terms. Each of these types of CDs offers different term lengths.

The standard fixed-rate CDs have low opening required amounts. Each of those CD terms requires $1,000 to open and earn interest. The standard CD terms range from 91-days to seven years. The variable-rate CDs only require $250 to open.

The USAA standard fixed-rate CDs offer competitive interest rates. The rates are competitive with other online CDs. They are much higher than the typical bank rates. These CD interest rates are not tiered. Any amount above the required opening amount earns competitive rates.

Everything for your USAA accounts can be done online. You can apply to become a member online. Once you are approved, you can open their CDs and other accounts online. They also offer a mobile app.

The jumbo and super jumbo CDs with USAA have high opening required amounts. The jumbo CDs require $95,000 to open. Super jumbo CDs require $175,000 to open. Standard CDs require $1,000 to open.

To transfer money electronically into your USAA CD, you must link another account. This linked account can be an external account or another account with USAA. Once the account is verified, you can transfer money electronically.

To open accounts with USAA, you must first become a member of the bank. Those who are eligible to join include active military and former military members. Eligible family members of those serving, cadets, and midshipmen are also able to join.

USAA CDs offer competitive rates, but not an interest rate guarantee. If the interest rates increase shortly after you open your CD, your USAA rates will not increase. Each of the CD terms offers competitive rates.

Read the full USAA review.