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Citizens Bank savings account rates

Written by
Marcos Cabello
Edited by
Hanna Horvath, CFP
Updated March 20, 2025
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Citizens Bank is a traditional bank with around 1,000 branches across 14 states. It offers a wide variety of financial products, including checking and savings accounts, personal loans, student loans, refinancing, retirement planning and wealth planning. Like most traditional banks, Citizens Bank savings rates are very low, with the highest yield topping out at 0.03 percent annual percentage yield (APY).

Though Citizens Bank's savings interest rates are not competitive with the best savings accounts, there’s no minimum balance required to open an account.

Citizens Bank earned a 3.6 out of 5 in Bankrate’s overall rating and a 2.5 out of 5 score for savings accounts.

Citizens Bank savings account interest rates

Let’s take a closer look at the savings account interest rates offered by Citizens:

Account name APY Minimum deposit
One Deposit Savings 0.01% Any amount
Citizens Quest Savings 0.02% Any amount
Citizens Private Client Savings 0.03% Any amount

Note: The APYs shown are as of March 19, 2025. The APYs may vary by region.

How Citizens Bank compares to top-yielding banks

Citizens Bank’s savings rates are much lower than those at many of the top-yielding banks and also come in well below the national average.

Many banks offer savings yields much higher than Citizens Bank. Citizens Access, the online division of Citizens Bank, is one of those online banks with competitive yields.

Other savings options at Citizens Bank

Citizens Bank offers two different CDs on its website. You can choose from a 10-month or 14-month term. This may vary depending on location.

Citizens Bank also has IRA CDs and IRA savings accounts for those more focused on growing their retirement savings.

Marcos Cabello Arrow Right Icon Writer, Banking and Deposits
Marcos Cabello is a banking writer at Bankrate, where he’s dedicated to helping readers make the best decisions about their finances. Previously, Marcos wrote about money for CNET and NextAdvisor, running the gamut of personal finance topics including U.S. economic policy and cryptocurrency.