CDs & IRAs

CDs

A woman putting change into a piggy bank. 




    CDs are a great way to save
     for what's important to you.







Invest in secure savings.  Certificate of Deposit (CDs) sets your money aside where it will earn a competitive, fixed rate for a predetermined amount of time.  Whether you have a time-specific savings need or wish to diversify your portfolio, this CD is a popular product to protect and grow your money.

  • Offers a variety of terms usually ranging from 90 days up to five years.
  • Guarantees a fixed rate of return.
  • Requires a minimum deposit of $1,000 to open.
  • Provides option of automatic renewal or single maturity.
  • No account fees.

 

   * Penalty for early withdrawal. 

   * Additional deposits to certificates after initial opening are not allowed.

                                   

Contact a Customer Service representative at your local Banking Center for current rate and annual percentage yield information.

 

IRAs


An elderly couple cooking together.

 

 

 

 

  Grow Your Nest Egg While           Reducing Your Tax Burden


 

 

 

With a Citizens Bank Individual Retirement Account (IRA), your money may grow tax-deferred or tax-free, depending on whether you choose a Traditional or Roth IRA.  A retirement account is an important step toward ensuring your financial security when you retire.  Citizens Bank offers its customers two types of IRA’s:

Traditional IRA: Tax deferred contributions; no minimum contribution required.

Roth IRA: Taxes are deducted prior to contribution; earnings are tax-free.

  • Terms ranging from 90 days up to 2 years.
  • Fixed rate of interest
  • 30 month IRA available with a variable rate of interest
  • Interest compounds quarterly

* Early withdrawal penalties may apply*

Stop by or contact any one of our Banking Center locations nearest you for more information regarding IRAs.   

** Contact a Customer Service representative at your local Citizens Bank Banking Center for current rate and annual percentage yield information. **