Citizens Bank was started in 1828 in Rhode Island and today it is a $151 billion commercial bank. They offer many savings products for its customers like saving account, money market account and certificate of deposit (CDs). CDs are a good savings option because the Citizens Bank offers variable term periods and a high yield on the CDs. The minimum balance required to open a CD is $1,000 for all CDs and $250 for IRA CDs and the CD interest rates are very competitive.

The Citizens Bank CD rates for a standard CD that has a term period of 11 months is 0.50%. It is 0.75% for Circle Banking customers and 1.00% for Circle Gold Banking customers. Circle Banking customers are those that have a checking account, savings account and an optional money market account or mortgage loans. Circle Gold Banking customers are those that have a Circle Gold Checking with interest account along with other checking and savings accounts. The Citizens Bank Certificate of deposit rates for a 15-month term is 0.60% for standard CDs, 0.85% for Circle banking customers and 1.10% for Circle Gold Banking customers. Citizens CD rates for a term of 30 months is 1.00% for standard CDs, 1.25% for Circle Banking customers and 1.50% for Circle Gold Banking customers. The standard CD rates are 1.50% for 3 years, 1.70% for 4 years and 2.50% for 5 years respectively. For circle banking customers, the rates are 1.75% for 3 years, 1.95% for 4 years and 2.75% for 5 years while for circle gold banking customers it is 2.00%, 2.20% and 3.00% respectively for the same periods. This is one of the best CD rates available today.