Citizens Bank CD Rates and Terms for 2025
Written by
Rudri Patel
Edited by
Melanie Grafil
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Citizens Bank, based in Rhode Island, offers a full suite of products including checking and savings accounts, credit cards, home and student loans. Additionally, it offers mobile and online banking.
As one of its many products, Citizens Bank offers certificates of deposit. Learn about Citizens Bank CD rates and decide if this investment is the best option for you.
Current Citizens Bank CD Rates: September 2025
Here are the current Citizens Bank CD rates:
| Term | APY | Minimum Deposit |
|---|---|---|
| 6-month | 4.25% | $25,000 |
| 10-month | $25,000 |
Good To Know
If you want to open your CD account online, you have just two options. Opening anything other than the 6- or 10-month CD will require visiting your local branch or calling Citizens Bank.
Citizens Bank CDs: Pros and Cons
Here’s a look at the advantages and disadvantages to help you decide if Citizens Bank CDs are right for you:
| Pros | Cons |
|---|---|
| FDIC insured | Limited information on the website; branch visit or phone call required for more details |
| Brick-and-mortar locations | Branches limited to 14 states and Washington, D.C. |
| Online and mobile banking | $25,000 minimum deposit |
| Early withdrawal penalties |
How Much Can You Earn With a Citizens Bank CD?
The amount you’ll earn at Citizens Bank depends on your CD term and deposit size. Here are a few examples:
| Deposit Amount | Term | APY | Estimated Interest Earned |
|---|---|---|---|
| $1,000 | 6-month | 4.25% | $16.48 |
| $2,000 | 6-month | 4.25% | $32.95 |
| $5,000 | 10-month | $145.41 | |
| $25,000 | 10-month | $727.07 |
How To Open a Citizens Bank CD
Opening a Citizens Bank CD is relatively easy. Check out this step-by-step guide:
Step 1: Choose the CD Type and Term
- Choose between online and branch-exclusive CD accounts.
- Select a CD term length — six months, 10 months or longer.
- Confirm the minimum deposit requirement for your chosen CD.
Step 2: Gather Required Information
- Full name and address — no P.O. boxes for primary address
- Social Security number or Taxpayer Identification number
- Government-issued photo ID like your driver’s license or passport
- Banking details such as routing and account numbers
Step 3: Choose Your Application Method
- Online: For eligible CDs, you can visit the Citizens Bank website.
- In-branch: For promotional or specialized CDs, locate a nearby branch.
Step 4: Start the Application
- Online: Visit the Citizens Bank website. Select the desired CD and click “Apply Now.”
- In-branch: Schedule an appointment or walk into a branch with your required documents.
Step 5: Fund Your CD
- Online: Link an external bank account for ACH transfer or use an existing Citizens Bank account.
- In-branch: Fund your CD via cash, check or transfer from a Citizens Bank account.
Eligibility Requirements To Know
In order to open a CD at Citizens Bank, you will have to meet certain eligibility requirements:
- You must be 18 years old to open a CD.
- You must have a valid U.S. residential address.
- You need a valid ID that is government issued. This includes a driver’s license or passport.
- You will need a Social Security number.
- You will need $25,000 to open a CD at Citizens Bank.
- Certain CDs may require a banking relationship — Citizens Quest® Checking or Citizens Private Client™ Checking account — or new money to fund the CD.
Citizens Bank vs. Competitor CD Rates
When looking for a new CD account, you’ll likely want to shop around to find the best CD rates. Here is a glance at how Citizens Bank CD rates stack up against competitors:
| Bank | APY | Minimum Deposit |
|---|---|---|
| Marcus Bank | for a 9-month CD | $500 |
| Synchrony | for a 13-month CD | $0 |
| Barclays Bank | for a 9-month CD | $0 |
| Capital One | * for a 12-month CD | $0 |
How To Find the Right Account
The highest rate isn’t always the best option. Before opening your new account, be sure to consider all account features — like fees, account access and customer service — to find the right account that truly fits your needs.
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fee
Early withdrawal penalty may apply
No monthly service fee
APY
APY
APY
–
Up to
to
Min Opening
Min Opening
Min Opening
$1,000- $25,000
$500
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$0-$4.99
None
No monthly service fee
APY
APY
APY
–
Min Opening
Min Opening
Min Opening
$0
$0
$0
Is a Citizens Bank CD Right for You?
Good Fit For:
- Customers who already bank with Citizens.
- Savers who want branch access and in-person service.
- Retirees who want to avoid market risk.
- Account holders with CD ladders looking to diversify across banks.
Not Ideal For:
- Shoppers strictly looking for top CD rates — online banks may offer more.
- Savers who might need early access to funds.
- Long-term investors who could benefit from more stocks, bonds or mutual funds.
Tips for Getting the Best CD Rates
To lock in the best CD rate, start by comparing terms across multiple banks — especially online institutions, which tend to offer higher APYs. Look out for promotional CDs with limited-time offers or rate bumps. If you already bank with Citizens, check whether relationship rates are available, as having a linked account can sometimes boost your rate.
Citizens Bank CDs: FAQ
Here are the answers to some of the most frequently asked questions regarding Citizens Bank CD rates and accounts.- What is the minimum deposit for a Citizens Bank CD?
- The minimum deposit is $25,000 for the 5-month and 10-month CD accounts.
- Do I need a Citizens Bank account to open a CD?
- Some promotional CDs may require you to have an open Citizens account, but other CDs you can open without an existing account.
- Can I open a CD online?
- Yes, but only for the 5- and 10-month terms. Other terms require a branch visit or a phone call.
- What happens if I withdraw before the term ends?
- Early withdrawal typically results in a penalty.
- Are Citizens Bank CD rates competitive in 2025?
- Citizens Bank CD rates are lower than many online banks, but may still appeal to customers looking for in-person banking and relationship benefits.
More on Citizens Bank
- Citizens Bank Review
- Citizens Bank Savings Account Interest Rates
- Citizens Bank Hours
- Citizens Bank Bonus Offers and Promotions
- Citizens Bank Routing Number
Sarah Sharkey, Barri Segal and Jami Farkas contributed to the reporting for this article.
*Capital One interest rates accurate as of Sept. 16, 2025. See website for all current rates.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Sept. 16, 2025.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
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