Stacks of coins with plants on them

CDs & IRAs

The Citizens Bank offers a variety of secure Certificates of Deposit accounts to fit your individual needs. Certificates of Deposit are offered in terms from 3 months to 5 years. Our CDs earn competitive interest rates and are FDIC insured. Contact The Citizens Bank for current rate information.

Rates are Effective thru December 11, 2018

Certificates of Deposits (CDs)

  • Flexible terms from 91 days to 60 months
  • Guaranteed interest rate for the term
  • Interest earned can be transferred to an account of your choice
  • Automatic renewal at maturity
  • $500.00 to $2,500.00 minimum deposit depending on term
  • Penalty for early withdrawal

 

* – Interest compounded quarterly

AccountsMinimum DepositMaximum DepositAnnual Percentage YieldInterest Rate

Accounts


91 Day CD

Minimum Deposit


$2,500.00

Maximum Deposit


Annual Percentage Yield


075%

Interest Rate


0.75%

Accounts


182 Day CD

Minimum Deposit


$2,500.00

Maximum Deposit


Annual Percentage Yield


1.26%

Interest Rate


1.25%

Accounts


12 Month CD*

Minimum Deposit


$500.00

Maximum Deposit


Annual Percentage Yield


1.81%

Interest Rate


1.80%

Accounts


18 Month CD*

Minimum Deposit


$500.00

Maximum Deposit


Annual Percentage Yield


2.02%

Interest Rate


2.00%

Accounts


24 Month CD* Special

Minimum Deposit


$5000.00

Annual Percentage Yield


3.03%

Interest Rate


3.00%

Accounts


30 Month CD*

Minimum Deposit


$500.00

Maximum Deposit


Annual Percentage Yield


2.07%

Interest Rate


2.05%

Accounts


36 Month CD*

Minimum Deposit


$500.00

Maximum Deposit


Annual Percentage Yield


2.17%

Interest Rate


2.15%

Accounts


60 Month CD*

Minimum Deposit


$500.00

Maximum Deposit


Annual Percentage Yield


3.29%

Interest Rate


3.25%

Accounts


Citizens Choice 36 Month CD

Minimum Deposit


$5,000.00

Maximum Deposit


Annual Percentage Yield


1.96%

Interest Rate


1.95%

Accounts


Citizens Choice 60 Month CD

Minimum Deposit


$500.00

Maximum Deposit


Annual Percentage Yield


2.52%

Interest Rate


2.50%

Dollars for A’s

We want to encourage our young students to maintain high academic achievement and also plan for the future.


Our dollars for A’s program

  • For students through grade 12
  • 12 months Certificate of Deposit
  • Guaranteed interest rate for the term
  • Interest compounded
  • Automatic renewal at maturity
  • $50.00 minimum deposit
  • May deposit any amount at any time
  • Present report card within 10 days and receive $1.00 for each academic A
AccountMinimum DepositMaximum DepositAnnual Percentage YieldInterest Rate

Account


12 Month Dollars for A's CD

Minimum Deposit


$50.00

Maximum Deposit


Annual Percentage Yield


1.81%

Interest Rate


1.80%

Individual Retirement Accounts (IRAs)

  • Retirement account
  • Connected to any of our Certificate of Deposit accounts
  • Terms, rates and conditions of Certificate of Deposits apply except CD specials.

 

Traditional IRA

If you qualify, you may contribute up to 100% of your earned income or $5,000.00 whichever is less. If you over 50 years of age you may contribute up to $6,000.00 All earnings may be tax deferred until you make withdrawals.

 

Roth IRA

If you qualify you may contribute up to 100% of your earned income or $5,000 whichever is less. If you are over 50 years of age, you may contribute up to $6,000. In order for earnings to be tax free, you must first meet a five-year holding period. After that, any earnings you withdraw for a qualified distribution reason are income tax free and penalty tax free.

AccountsMinimum DepositMaximum DepositAnnual Percentage YieldInterest Rate

Accounts


91 Day IRA

Minimum Deposit


N/A

Maximum Deposit


N/A

Annual Percentage Yield


0.75%

Interest Rate


0.75%

Accounts


182 Day IRA

Minimum Deposit


N/A

Maximum Deposit


N/A

Annual Percentage Yield


1.26%

Interest Rate


1.25%

Accounts


12 Month IRA

Minimum Deposit


N/A

Maximum Deposit


N/A

Annual Percentage Yield


1.81%

Interest Rate


1.80%

Accounts


18 Month IRA

Minimum Deposit


N/A

Maximum Deposit


N/A

Annual Percentage Yield


2.02%

Interest Rate


2.00%

Accounts


30 Month IRA

Minimum Deposit


N/A

Maximum Deposit


N/A

Annual Percentage Yield


2.07%

Interest Rate


2.05%

Accounts


36 Month IRA

Minimum Deposit


N/A

Maximum Deposit


N/A

Annual Percentage Yield


2.17%

Interest Rate


2.15%

Accounts


60 Month IRA

Minimum Deposit


N/A

Maximum Deposit


N/A

Annual Percentage Yield


3.29%

Interest Rate


3.25%