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.

Citizens Bank is an affiliate of the Royal Bank of Scotland, and Citizens Bank operates branches in 13 states in the United States.  We decided to check out the current Citizens Bank CD Rates to see how their CD interest rates compare to the best bank CD rates that we have reviewed.

CD rates at Citizens Bank vary depending on whether you are a standard banking customer, or are a member of their Circle or Gold Circle banking services.  The highest CD rates are available to Citizens Gold Circle customers, so we will focus on those products here.

The Citizens Bank 6 month CD returns an Annual Percentage Yield (APY) of 3.50 percent.  Also, the Citizens Bank 5 year CD returns an Annual Percentage Yield (APY) of 4.00 percent.  You can open a certificate of deposit at Citizens Bank for as little as $1,000 as a minimum deposit.

So, whether you are looking for a short term CD or a long term CD, be sure to take a look at the Citizens CD rates available in your area.  Take a look at the Citizens Bank online banking site for more information, because interest rates and other contractual terms can change with time and vary by geographic location.