Remember–never give away your username/password/or out of band authentication information!
Currently there is a ring of fraudsters who use information gathered in places like the dark web to fool you into thinking the bank is calling you to tell you about fraud on your account.
They are using a phone number mask to make you think they are calling from our number at our home address in Mooresville.
While we make calls to customers to let them know about potential fraud, we do not need your username/password/or out of band authentication to help you. If changes need to be made to your account, we will ask you to do them, not do them for you. If you get one of these calls, hang up immediately and send a chat to us through our chat system or visit us at one of our area branches!
no | Regular Savings | Money Market Savings |
|---|---|---|
no Amount to Open Account | Regular Savings $25 | Money Market Savings $50 |
no Monthly Service Fee | Regular Savings $3 1, 5 | Money Market Savings None as long as $1,000 balance is maintained 2, 4 |
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 fee.
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
Busy with her tax return filing
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.
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
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 contributions to be fully tax deductible and your distributions for qualified medical expenses to be free from tax. 6 To qualify for an HSA, you 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 fee charge, annual fee or per check/debit fees! No minimum balance required.1 5
A woman on her laptop and she is smiling and waving to the laptop camera
At Citizens Bank, we’re committed to keeping our local community informed. That’s why we’re ramping up our service to our community to include weekly blog posts educating readers on their finances. We’ll provide posts on important topics- from your personal finances, to your business, and everything in between. We’ve been putting our customers and our […]
Read MoreImage of a mom and her daughter sitting on a sofa as the daughter is adding coins to a piggy bank.
A study by the University of Cambridge found that money habits in children are formed by the time they’re 7 years old. Which means teaching them the value of money as well as healthy habits around it has to start young. You still let kids be kids while instilling those healthy habits in fun and […]
Read MoreClose up image of a man crunching numbers from a calculator on a white desk.
Many people have multiple bank accounts, with each account serving a different purpose. In fact, did you know the typical U.S. consumer maintains 5.3 different bank accounts? In general, checking accounts are for frequent transactions, whereas savings accounts are to put money away. Then you have all different types of loans, from home mortgages to […]
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