The Citizens Bank Platinum Plus Money Market account had a promotional offer to get more than seven times the national average APY on balances between $25,000 and $3 million. The introductory APY was guaranteed through Dec. 31, 2019. To get the relationship money market, you needed to have the Platinum Checking, which requires $25,000 in combined monthly balances at Citizens Bank.
Once this ends, the Platinum Plus Standard Money Market account goes down to a few basis points more than the savings national average APY.
Minimum balance to earn the promotional APY is $25,000.
Once promotional offer on the Citizens Bank Platinum Plus Money Market ends, the standard offer is just a few basis points over the national average APY on $250,000 or more.
The account only allows you to write three checks per month, which is below Regulation D limitations of six per statement cycle of at least four weeks