CDs and IRAs

CDs & IRAs

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


Certificates of Deposit (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
Minimum Deposit Maximum Deposit Annual Percentage Yield Interest Rate
91 Day CD      
$2,500.00   0.25% 0.25%
182 Day CD      
$2,500.00   0.35% 0.35%
12 Month CD*      
$500.00   0.50% 0.50%
18 Month CD*      
$500.00   0.55% 0.55%
       
     
30 Month CD*      
$500.00   0.80% 0.80%
36 Month CD*      
$500.00   .90% .90%
60 Month CD*      
$500.00   1.36% 1.35%
Citizens Choice 36 Month CD      
$5,000.00   1.01% 1.00%
Citizens Choice 60 Month CD      
$500.00   1.31% 1.30%
     

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.
Minimum Deposit Maximum Deposit Annual Percentage Yield Interest Rate
91 Day IRA
    0.25% 0.25%
182 Day IRA
    0..35% 0.35%
12 Month IRA
    0.50% 0.50%
18 Month IRA
    0.55% 0.55%
30 Month IRA
    0.80% 0.80%
36 Month IRA
    0.90% 0.90%
60 Month IRA
    1.36% 1.35%