Save the Right Way

Regular Savings

Twenty-five dollars. That’s all it takes to open a Regular Business Savings account here at Citizens Bank. That means no business is too small to start saving for a rainy day.

Better still, once your balance reaches $200, we’ll waive the monthly service fee associated with the account. (Balances under $200 are assessed a monthly service fee.)

Money Market Savings

Our Money Market Savings account is a great way to save while giving you the option to access your funds in person, by mail, through your current Visa® check card or by writing a check. It just takes $50 to open the account and as long as a $1000 balance is maintained, there will be no monthly service fee.1 4

Earn a High Rate of Interest

Premium Rate Plus Savings

The higher the balance, the higher the interest rate. That’s the concept behind our Premium Rate Plus Savings account. It’s a way for businesses with substantial balances in their savings accounts to earn a high rate of interest.

Requires $1,000 to open and must maintain a balance of $15,000 to avoid the $25 monthly service fee.

Interest rates are tiered based on the balance in the account, and access to your funds is available in person, by mail, through your current Visa® check card, or by writing a check.2 4

Contact Us to Open Account

Certificate of Deposits

If your business won’t need access to a pool of money for a while, consider a Certificate of Deposit. CDs typically pay the highest rate of interest on deposit accounts. Our CDs are designed around your business with a variety of terms and rates based on what works best for your company.

Most CDs require only $500 to open, however, there is a substantial penalty for early withdrawal.

At Citizens Bank we also can offer additional benefit of our Certificate of Deposit Account Registry Service (CDARS). It guarantees that your entire deposit, up to $50 million, is eligible for FDIC protection.

Individual Retirement Accounts

Want to attract the best employees? Offer them the best benefits package—one that comes complete with a Citizens Bank IRA. 

We offer traditional, roth, and educational IRAs to meet your financial needs.

Tackle Healthcare & Save

Health Savings Accounts

Today, Health Saving Accounts (or “HSAs”) are more popular than ever before, and with good reason. They’re designed to help people tackle the high costs of healthcare.

When you open an HSA with us, you get all the benefits of a traditional HSA—along with a team of people you can feel good about working with. Our Health Savings Accounts allow your employees’ contributions to be fully tax deductible and their distributions for qualified medical expenses to be free from tax.

To qualify for an HSA, your employees must be covered under a qualified High Deductible Health Plan (HDHP) on the 1st day of the month the contribution is made.

Accounts can be opened without an opening deposit and include a debit card and the first 50 checks for free. There is no service fee, annual fee or per check/debit fees! 3


  1. Only 3 checks may be written per month, however in-person withdrawals are unlimited. Transfers from savings to another account, ACH or 3rd party are limited to 6 per statement cycle. If the balance falls below $1,000, a $6 service fee will be assessed.
  2. Transfers from savings to another account, ACH, or 3rd party are limited to 6 per statement cycle with no more than 3 by check.
  3. Contributions made to your HSA by you or someone other than your employer may be taken as a deduction. Account holder may not be a dependent or covered by another health plan that is not an HDHP, including Medicare.
  4. Rates are subject to change and may change after opening an account.
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  • With a Roth IRA, you typically pay taxes on the money before you contribute to your IRA. This means you generally can make qualifying withdraws once you reach 59 1/2 years of age without paying additional taxes on the distributions.

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