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Citizens Bank Deposit Account Interest Rates

As of December 1, 2021

Checking Accounts
Type of Deposit Min. Opening Deposit Min. Balance to Earn APY Effective Date Interest Rate APY
Relationship Checking
Interest Checking***
$50 $0 and over 10/1/19 0.01% 0.01%
Health Savings Account $0 $0 - $2,499
$2,500 and over
10/1/19
3/17/20
0.05%
0.25%
0.05%
0.25%
Savings Accounts*
Type of Deposit Min. Opening Deposit Min. Balance to Earn APY Effective Date Interest Rate APY
Regular Savings $25 $0 - $14,999
$15,000 - $49,999
$50,000 and over
3/17/20
3/17/20
3/17/20
0.01%
0.03%
0.05%
0.01%
0.03%
0.05%
Junior Savers $5 $0 - $14,999
$15,000 - $49,999
$50,000 and over
3/17/20
3/17/20
3/17/20
0.01%
0.03%
0.05%
0.01%
0.03%
0.05%
Money Market Accounts*
Type of Deposit Min. Opening Deposit Min. Balance to Earn APY Effective Date Interest Rate APY
Money Market Savings $50 $0-$14,999
$15,000-$49,999
$50,000 and over
10/7/19
3/17/20
3/17/20
0.01%
0.02%
0.03%
0.01%
0.02%
0.03%
Premium Rate Plus Savings
Premium Rate Savings***
$1,000 $0-$14,999
$15,000-$49,999
$50,000-$99,999
$100,000 and over
3/6/20
3/6/20
3/6/20
3/17/20
0.01%
0.03%
0.08%
0.10%
0.01%
0.03%
0.08%
0.10%
Municipal and Public Interest Accounts*
Type of Deposit Min. Opening Deposit Min. Balance to Earn APY Effective Date Interest Rate APY
IOLTA $50 $0-$249,999
$250,000 and over
5/24/18
5/24/18
0.03%
0.03%
0.03%
0.03%
Municipal Premium Checking $50 $0-$249,999
$250,000 and over
7/2/18
7/2/18
0.04%
0.09%
0.04%
0.09%
Municipal Premium Rate Savings $1,000 $0-$249,999
$250,000 and over
7/2/18
7/2/18
0.11%
0.16%
0.11%
0.16%
Individual Retirement Accounts**
Type of Deposit Min. Opening Deposit Min. Balance to Earn APY Effective Date Interest Rate APY
IRA -- 6 months $100 None 3/6/20 0.03% 0.03%
IRA -- 12 months $100 None 3/6/20 0.15% 0.15%
IRA -- 18 months (variable rate)* $50 None 12/1/21 0.06% 0.06%
IRA -- 24 months $100 None 12/28/20 0.20% 0.20%
IRA -- 30 months $100 None 12/28/20 0.25% 0.25%
IRA -- 36 months $100 None 12/28/20 0.35% 0.35%
IRA -- 60 months $500 None 12/28/20 0.50% 0.50%
IRA -- 84 months $500 None 12/28/20 0.55% 0.55%
Certificates of Deposit**
Type of Deposit Min. Opening Deposit Min. Balance to Earn APY Effective Date Interest Rate APY
CD -- 91 days $500 None 3/6/20 0.01% 0.01%
CD -- 182 days $500 None 3/6/20 0.03% 0.03%
CD -- 12 months $500 None 3/6/20 0.15% 0.15%
CD -- 18 months $500 None 3/17/20 0.25% 0.25%
CD -- 24 months $500 None 12/28/20 0.20% 0.20%
CD -- 30 months $500 None 12/28/20 0.25% 0.25%
CD -- 36 months $500 None 12/28/20 0.35% 0.35%
CD -- 48 months $500 None 12/28/20 0.45% 0.45%
CD -- 60 months $500 None 12/28/20 0.50% 0.50%
CDARS -- 4 weeks $10,000 None 3/6/20 0.01% 0.01%
CDARS -- 13 weeks $10,000 None 3/6/20 0.01% 0.01%
CDARS -- 26 weeks $10,000 None 3/6/20 0.03% 0.03%
CDARS -- 52 weeks $10,000 None 3/6/20 0.15% 0.15%
CDARS -- 104 weeks $10,000 None 12/28/20 0.20% 0.20%
CDARS -- 156 weeks $10,000 None 12/28/20 0.35% 0.35%
CDARS -- 260 weeks $10,000 None 12/28/20 0.50% 0.50%
Sweep Account* 3/1/21 0.15%  
National Prime 3/15/20 3.25% 0.15%
Business Checking II Earnings Credit Factor* 2/7/13 0.02%  

*Rate may change after account is opened. Fees may reduce earning on account.

** Substantial interest penalties apply for early withdrawal of funds from Certificates of Deposits/IRA’s.

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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.
  • A traditional IRA allows you to direct pre-tax income toward investments that can grow tax-deferred until your retirement. You cannot contribute after age 70 ½ and distribution is required at that age.

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