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Save the Right Way

Money Market

Savings

CDs

with Great Rates

IRAs

with Great Benefits

HSAs

Tackle Healthcare

Regular Savings

Twenty-five dollars. That’s all it takes to open a Regular Business Savings account here at Citizens Bank. That means no business is too small to start saving for a rainy day.

Better still, once your balance reaches $200, we’ll waive the monthly service fee associated with the account. (Balances under $200 are assessed a $3 monthly service fee.)1 5

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Money Market Savings

Our Money Market Savings account is a great way to save while giving you the option to access your funds in person, by mail, through your current Visa® check card or by writing a check. It just takes $50 to open the account and as long as a $1000 balance is maintained, there will be no monthly service charge. 2 4

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Earn a High Rate of Interest

Premium Rate Plus Savings

The higher the balance, the higher the interest rate. That’s the concept behind our Premium Rate Plus Savings account. It’s a way for businesses with substantial balances in their savings accounts to earn a high rate of interest.

Requires $1,000 to open and must maintain a balance of $15,000 to avoid the $25 monthly service charge.

Interest rates are tiered based on the balance in the account, and access to your funds is available in person, by mail, through your current Visa® check card, or by writing a check.2 4

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Certificate of Deposits

If your business won’t need access to a pool of money for a while, consider a Certificate of Deposit. CDs typically pay the highest rate of interest on deposit accounts. Our CDs are designed around your business with a variety of terms and rates based on what works best for your company.

Most CDs require only $500 to open, however, there is a substantial penalty for early withdrawal.

At Citizens Bank we also can offer additional benefit of our Certificate of Deposit Account Registry Service (CDARS). It guarantees that your entire deposit, up to $50 million, is eligible for FDIC protection.

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Individual Retirement Accounts

Want to attract the best employees? Offer them the best benefits package—one that comes complete with a Citizens Bank IRA. 

We offer traditional, Roth, and educational IRAs to meet your financial needs.4

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Tackle Healthcare & Save Health Savings Accounts

Today, Health Saving Accounts (or “HSAs”) are more popular than ever before, and with good reason. They’re designed to help people tackle the high costs of healthcare while saving for future medical expenses.

When you open an HSA with us, you get all the benefits of a traditional HSA—along with a team of people you can feel good about working with. Our Health Savings Accounts allow your employees’ contributions to be fully tax deductible and their distributions for qualified medical expenses to be free from tax.


To qualify for an HSA, your employees must be covered under a qualified High Deductible Health Plan (HDHP) on the 1st day of the month the contribution is made.

Accounts can be opened without an opening deposit and include a debit card and the first 50 checks for free. There is no service fee, annual fee or per check/debit fees! 3 4 6

 

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Featured News & Updates

Citizens Bank Announces New Board Chairman
Citizens Bank is excited to announce the appointment of Christopher Branson as the new Chairman of the Board of Directors! Chris has been a Director for... Read More of this article

Choosing a Charity to Support
Each year, it seems there is more and more need for generous givers. If it’s in your heart (and your budget) to give, you want to be sure that your... Read More of this article

Meet Our Citizens: Mary Zigler, Commercial Loan Officer
This out of the box thinker, Mary Zigler, has joined the team at Citizens Bank as a Commercial Loan Officer. She is ready to work with you and your business... Read More of this article
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  1. Transfers or withdrawals to another account or to a 3rd party by means of a preauthorized transfer, telephone request, internet check or draft are limited to 6 per calendar month. A fee of $2.00 will be charged for each additional debit transaction (withdrawal, ATM withdrawal, automatic transfer or payment) over the monthly limit. For Junior Savings, the account will automatically convert to a Regular Savings account when minor reaches age 18. All fees and guidelines for the Regular Savings account will apply.
  2. Transfers or withdrawals to another account or to a third party by means of a preauthorized or automatic transfer, telephone request, internet, check, draft, or debit card are limited to 6 per statement cycle.
  3. Contributions made to your HSA by you or someone other than your employer may be taken as a deduction. Account holder may not be a dependent or covered by another health plan that is not an HDHP, including Medicare. Consult tax adviser for additional information.
  4. Rates are subject to change and may change after opening an account.
  5. Accounts that remain at a zero balance for 30 days will be closed.
  6. Accounts that remain at a zero balance for 18 months will be closed.
  • Disputes
  • How to dispute debit card transactions
  • With a Roth IRA, you typically pay taxes on the money before you contribute to your IRA. This means you generally can make qualifying withdraws once you reach 59 1/2 years of age without paying additional taxes on the distributions.
  • A traditional IRA allows you to direct pre-tax income toward investments that can grow tax-deferred until your retirement. You cannot contribute after age 70 ½ and distribution is required at that age.

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