Savings
Savings Accounts can help you prepare for those days ahead...
The Citizens Bank encourages everyone to save for the future and we have the products to help you do just that! We also have an Investment Department to help you choose the best way to make your money work for you.
Thinking of switching to The Citizens Bank? Our easy Switch Kit will help you gather all the information needed to open an account. Click here for the Switch Kit.
YOUNG CITIZENS SAVINGS
- Minimum deposit to open account: $50
- Minimum balance requirement to earn interest: $50
- Available only to Individuals age 18 and younger
- Establishes an account relationship
- Withdrawal restrictions apply
- Deposits may be made at any time
- Quarterly statements (monthly if electronic activity occurs)
REGULAR SAVINGS
- Minimum deposit to open account: $100
- Minimum balance requirement to earn interest and avoid service charge fees: $100
- Establishes an account relationship
- Deposits may be made at any time in any amount
- Withdrawal restrictions apply
- Quarterly statements (monthly if electronic activity occurs)
PREMIUM MONEY MARKET ACCOUNT
- Minimum deposit to open account: $1,000
- Minimum balance requirements to avoid monthly service charge: $1,000
- Personalized checks provide good records
- Monthly statements
- Automatic drafts available
- Interest paid on a collected balance in a tiered structure (see disclosures at account opening)
- Withdrawal restrictions apply
CERTIFICATES OF DEPOSIT
- Higher rate of interest
- Maturity term options available
- Automatically renewable
- Guaranteed rate until maturity
- Early withdrawal penalties may apply
INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)
- Tax deferred interest
- FDIC insured up to $250,000
- Lower tax bracket at retirement
- No minimum age limit
- Contributions may be claimed as credits against federal income tax liability as allowed by IRS
- Early withdrawal penalties may apply