Citizens Bank has a subsidiary called Citizens Access which is an online banking service. These folks are trying to get pretty competitive on their high-interest savings and other online offerings. Comparing high-interest savings rates from them gives you something almost at the highest out there with a larger bank.
The Important Stuff for the High Interst Savings Account:
- Interest Rate: 2.35%
- Minimum deposit: $5,000
- Monthly fees: None. They actually tout, “no fees for anything”
What are our thoughts?
Citizens Bank is a large public bank (they sell stock on the stock exchange) on the S&P 500 that’s FDIC insured. It is a large bank with 150 Billion in Assets. So our thoughts are a strong bank that’s FDIC insured. Its one of the best places to invest money today. Seems like a good one. Click to see the Citizens Access High Yield Savings details.
Who Is Citizens Bank?
Citizens Financial group who owns Citizens Access is a large bank focused on serving customers in the Mid-Atlantic region of the USA with over 1,200 branches. Headquartered in Rhode Island, Citizens Bank is almost 200 years old .. operating in 12 states primarily in the mid-atlantic region. They have almost 1,200 branches and approx 3,200 ATMs. With ~$150B in assets, they’re a large bank and are a member of the S&P 500.