Citizens Access Review 2022

Citizens Access Review 2022

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All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. Citizens Access

Citizens Access Review 2022

Matthew Goldberg is a consumer banking reporter at Bankrate. Matthew has been in financial services for more than a decade, in banking and insurance. Updated November 10, 2022 Bankrate logo

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On This Page

At a glance

3.5 Bankrate Score CDs Savings About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Overview

Citizens Access is ideal for customers who prefer to bank entirely online.

Highlights

No Monthly Fees Compare offers Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer details

Citizens Access

Member FDIC Savings Account Details 3.00 % APY Min balance for APY No fee online savings account with a great rate. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer details

Bask Bank

Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY. Member FDIC Savings Account 3.52 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer details

Vio Bank

Member FDIC Savings Account Details 3.52 % APY Min balance for APY Save Smart. Earn More. FDIC Insured. Bankrate 5-Star Rated.

Overall

Citizens Access is an online bank with no branches that offers savings products. It is a division of Citizens Bank.

Pros

Citizens Access offers a competitive savings APY. Customer service is available by phone seven days a week or by using the chat function on the bank’s website. The Citizen Access savings account doesn’t have a monthly service fee.

Cons

Citizens Access doesn’t offer a mobile banking app. It has no physical branches or ATM access. The bank offers a limited selection of products.

Citizens Access bank products

Savings CD 4.8 Bankrate Score

Citizens Access savings overview

Citizens Access offers a competitive APY on its savings account. However, the account has a higher minimum balance than some of its competitors ($5,000), and accounts that fall below the minimum earn a much lower APY. The bank may close an account if the balance falls below $5,000 for 90 days or more.

Pros

Citizens Access consistently offers a competitive rate. The bank does not charge any fees.

Cons

Other online savings accounts have lower minimum balance requirements. Citizens Access doesn’t provide an ATM card available for withdrawals. Current Savings Rate Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer details

Citizens Access

Member FDIC Savings Account Details 3.00 % APY Min balance for APY No fee online savings account with a great rate. 2.9 Bankrate Score

Citizens Access CD overview

Citizens Access offers five different CD terms and an 11-month no-penalty CD. APYs on the bank's CD yields are below average, and they require a relatively steep $5,000 deposit to open.

Pros

Interest can be paid and transferred to another linked account. Customers can open a no-penalty CD and avoid early withdrawal fees.

Cons

The minimum deposit is higher than what’s offered by most other online banks. Higher yields are available elsewhere on both shorter and longer terms. There are limited CD terms to choose from. Compare Offer Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer details

Capital One

Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns.

Bank experience

Citizens Access customer service representatives are available to answer questions about CDs and savings accounts seven days a week: 8 a.m. to 10 p.m. Eastern time, weekdays; 9 a.m. to 3 p.m., Saturday; and 10 a.m. to 3 p.m., Sunday. Secure messages can also be sent via the Citizens Access website. Replies are sent within 24 to 48 business hours. Though Citizens Access has no mobile app, a smartphone can be used to access its website to deposit checks, check account balances and more.

About Citizens Access

Citizens Access is an online-only bank that offers a competitive yield on its savings account and charges no monthly fee. Its products, which also include CDs, are available nationwide.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
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