Citizens Bank’s online CD page lists 5-month, 10-month and 14-month CDs. Citizens loads the APYs by ZIP code, so we could not read them when we checked on October 25, 2026, and this page does not list any. Check the rate for your area on citizensbank.com before opening.
Citizens Online CD Terms
| CD | Minimum to open (per Citizens’ page) | Other conditions on the page |
|---|---|---|
| 5-Month CD | $25,000, new money required | Available with a Citizens Quest or Citizens Private Client Checking account |
| 10-Month CD | $25,000, new money required | Available with a Citizens Quest or Citizens Private Client Checking account |
| 14-Month CD | $1,000 | Available with a Citizens Quest or Citizens Private Client Checking account |
Source: Citizens’ online CD page. The page says to call or visit a branch about other available terms and promotional CDs.
Key Terms
- Fee to open: Citizens says it does not charge a fee to open a CD
- Additional deposits: Not allowed after opening; allowed during the grace period for a renewing CD
- Grace period: 10 days, beginning the day after maturity
- Renewal: The CD renews automatically at maturity
- Early withdrawal penalty: 90 days of interest (under one year) or 180 days of interest (one year or longer) on the amount withdrawn, or half the remaining interest to be earned, whichever is greater, plus a $50 transaction penalty
- Interest withdrawals: Interest credited to the CD can be withdrawn before maturity without a bank penalty
- Location: Citizens lists personal savings accounts in CT, DC, DE, FL, MD, MA, MI, NH, NJ, NY, OH, PA, RI, VT and VA
Citizens vs. Online Banks
Compare Citizens’ APY for your term and location with online banks before you open. For scale, the FDIC’s national average 12-month CD rate was 1.76% as of October 19, 2026, and Marcus listed 4.40% APY on a 12-month CD (October 15, 2026). Also weigh the checking-account requirement and, on the 5-month and 10-month CDs, the $25,000 new-money minimum.
Renewal Risk
Because the CD renews automatically, set a reminder before maturity. During the 10-day grace period, compare the rate Citizens offers for renewal with other banks before deciding whether to stay or move your money.
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