Citizens Bank, National Association

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Deposit Rates - July 4, 2022

CD RATES APY MIN
6 Mo CD
0.10% $10,000 Compare
6 Mo CD
0.10% $100,000 Compare
18 Mo CD
0.10% $10,000 Compare
18 Mo CD
0.10% $100,000 Compare
VARIABLE IRA RATES APY MIN
Var IRA
0.05% $1
INT CHECKING RATES APY MIN
Int Ckg
0.03% $1
Int Ckg
0.03% $2,500

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57957
Date Established 2005
Assets $ 188.07 billion
Loans $ 129.87 billion
Deposits $ 157.07 billion
Capital $ 22.74 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 9.48 billion
Interest-bearing balances $ 8.08 billion
Total securities $ 28.40 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 129.87 billion
Loan loss allowance $ 1,758.39 million
Trading account assets $ 1,233.39 million
Bank premises and fixed assets N.A.
Other real estate owned $ 18.74 million
Goodwill and other intangibles $ 8.07 billion
All other assets $ 9.47 billion
     Total Assets $ 165.33 billion

LIABILITIES
Total deposits $ 157.07 billion
      Interest-bearing deposits $ 106.64 billion
      Deposits held in domestic offices $ 156.83 billion
      % insured (estimated) 51.04%
Federal funds purchased and repurchase agreements $ 0.53 million
Trading liabilities $ 190.04 million
Other borrowed funds $ 3.90 billion
Subordinated debt $ 1,125.00 million
All other liabilities $ 3.04 billionn
      Total Liabilities $ 165.33 billion
      Shareholders’ Equity $ 22.74 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 4.86 billion
Total Interest Expense $ 253.79 million
Net interest income $ 4.60 billion
Provision for loan and lease losses N.A.
Total non interest income $ 1,902.59 million
Total non interest expense $ 3.97 billion
Pre-tax Net Operating Income $ 2.95 billion

Citizens Bank, National Association is an FDIC insured institution headquartered at 1 Citizens Plz, Providence, RI 2903.
It was founded in 2005 and has approximately $188 billion in assets. Customers can open an account at one of its 863 branches.


*Should any logos, images or public notes appear on this page,they do so courtesy of Citizens Bank, National Association and are not subject to approval of RatesAndInfo.com. RatesAndInfo.com expressly disclaims all responsibility for this content.

Customer Reviews for Citizens Bank, National Association (5)

Rated 2.60 stars out of 5 - based on 5 reviews
  • I have accounts at some of these other names where I make a little more, but if I need something (to access my cash or to cover an obligation somewhere), this is the place I go. Great service by phone too. I've been a customer for many years and I will be a customer long after I am done with most of these other banks.

  • Once again, Citizens is most competitive of the quality names (Citizens, Ally, Synchrony, CIT). Best service too.

  • It started in a promising way several years ago but it is now a complete shit show. Changed the name and brand, then the website and now I am making a rate that is half the top rate. I feel like the guy who graduated from high school and was still hanging out in the parking lot two years later and smoking weed. It is time for me to go.

  • I had not logged in for a while and wanted to check on my account, but the website now feels like watching Peanuts. Does not inspire confidence and the .40% rate doesn't thrill me either (others are going up).

    Review on the Online Bank
  • As a 65+ year old customer of over 4 years, I am enjoying the new enhancements to the website (not!). I first land on a page where the default setting is to take me to my student loan page and I have to indicate there that I am in fact a savings / CD customer! I sure am glad that I looked into 5year Cds with this bank that still pay over 2.5% and still have 2 1/2 years, but when they come due I will go somewhere else. In the meantime, this does little to inspire confidence or show that they value me as a customer.

    Review on the Online Bank

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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Bank
    RHODE ISLAND
    $50,000
    6 Month
    0.10%
    0.37x (National Avg. - 0.27%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.10%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 50 35
    2 50,050 50 35
    3 50,100 50 35
    4 50,150 50 35
    5 50,200 50 35
    6 50,251 50 35
    7 50,301 50 35
    8 50,351 50 35
    9 50,401 50 35
    10 50,452 50 35
    11 50,502 51 35
    12 50,553 51 35
    13 50,603 51 35
    14 50,654 51 35
    15 50,705 51 35
    16 50,755 51 36
    17 50,806 51 36
    18 50,857 51 36
    19 50,908 51 36
    20 50,959 51 36
    TOTAL $1,010 $707
  • 2
    ONLINE CD
    Online Bank
    -
    $50,000
    12 Month
    1.60%
    3.94x (National Avg. - 0.41%)
    $1,000
    -
    SCENARIO
    Year Rate
    1.60%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 800 560
    2 50,800 813 569
    3 51,613 826 578
    4 52,439 839 587
    5 53,278 852 597
    6 54,130 866 606
    7 54,996 880 616
    8 55,876 894 626
    9 56,770 908 636
    10 57,678 923 646
    11 58,601 938 656
    12 59,539 953 667
    13 60,492 968 678
    14 61,459 983 688
    15 62,443 999 699
    16 63,442 1,015 711
    17 64,457 1,031 722
    18 65,488 1,048 733
    19 66,536 1,065 745
    20 67,601 1,082 757
    TOTAL $18,682 $13,078
  • 3
    ONLINE CD
    Online Bank
    -
    $50,000
    12 Month
    1.90%
    4.68x (National Avg. - 0.41%)
    $5,000
    -
    SCENARIO
    Year Rate
    1.90%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 950 665
    2 50,950 968 678
    3 51,918 986 691
    4 52,904 1,005 704
    5 53,910 1,024 717
    6 54,934 1,044 731
    7 55,978 1,064 745
    8 57,041 1,084 759
    9 58,125 1,104 773
    10 59,229 1,125 788
    11 60,355 1,147 803
    12 61,502 1,169 818
    13 62,670 1,191 834
    14 63,861 1,213 849
    15 65,074 1,236 865
    16 66,311 1,260 882
    17 67,570 1,284 899
    18 68,854 1,308 916
    19 70,163 1,333 933
    20 71,496 1,358 951
    TOTAL $22,854 $15,998
  • 4
    LOCAL CD
    Bank
    -
    $50,000
    24 Month
    2.76%
    5.18x (National Avg. - 0.53%)
    $500
    -
    SCENARIO
    Year Rate
    2.76%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,380 966
    2 51,380 1,418 993
    3 52,798 1,457 1,020
    4 54,255 1,497 1,048
    5 55,753 1,539 1,077
    6 57,292 1,581 1,107
    7 58,873 1,625 1,137
    8 60,498 1,670 1,169
    9 62,167 1,716 1,201
    10 63,883 1,763 1,234
    11 65,646 1,812 1,268
    12 67,458 1,862 1,303
    13 69,320 1,913 1,339
    14 71,233 1,966 1,376
    15 73,199 2,020 1,414
    16 75,220 2,076 1,453
    17 77,296 2,133 1,493
    18 79,429 2,192 1,535
    19 81,621 2,253 1,577
    20 83,874 2,315 1,620
    TOTAL $36,189 $25,332
  • 5
    LOCAL CD
    Bank
    -
    $50,000
    36 Month
    3.06%
    4.86x (National Avg. - 0.63%)
    $500
    -
    SCENARIO
    Year Rate
    3.06%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,530 1,071
    2 51,530 1,577 1,104
    3 53,107 1,625 1,138
    4 54,732 1,675 1,172
    5 56,407 1,726 1,208
    6 58,133 1,779 1,245
    7 59,912 1,833 1,283
    8 61,745 1,889 1,323
    9 63,634 1,947 1,363
    10 65,581 2,007 1,405
    11 67,588 2,068 1,448
    12 69,656 2,131 1,492
    13 71,788 2,197 1,538
    14 73,985 2,264 1,585
    15 76,249 2,333 1,633
    16 78,582 2,405 1,683
    17 80,986 2,478 1,735
    18 83,465 2,554 1,788
    19 86,019 2,632 1,843
    20 88,651 2,713 1,899
    TOTAL $41,364 $28,954