First Citizens Bank Cd Rates

Posted on
First Citizens Bank Cd Rates
Best CD Rates and Accounts for Your Money GOBankingRates from


When it comes to saving money and earning interest, a certificate of deposit (CD) can be a great option. First Citizens Bank offers competitive CD rates that can help you achieve your financial goals. In this article, we will explore the different CD rates offered by First Citizens Bank and how you can take advantage of them.

What is a CD?

A CD is a type of savings account that has a fixed interest rate and maturity date. When you open a CD, you agree to keep your money in the account for a specific period of time, ranging from a few months to several years. In return, the bank pays you interest on your deposit. CDs are considered low-risk investments and are insured by the FDIC up to $250,000.

First Citizens Bank CD Options

First Citizens Bank offers a variety of CD options to suit different needs. Here are some of the CD terms and rates currently available:

1. 6-Month CD

– Interest rate: 0.50%

– Minimum deposit: $1,000

2. 1-Year CD

– Interest rate: 0.75%

– Minimum deposit: $1,000

3. 2-Year CD

– Interest rate: 1.00%

– Minimum deposit: $1,000

4. 5-Year CD

– Interest rate: 1.50%

– Minimum deposit: $1,000

5. Jumbo CD

– Interest rate: 1.75%

– Minimum deposit: $100,000

How to Open a CD with First Citizens Bank

Opening a CD with First Citizens Bank is a simple process. You can visit their website or a local branch to get started. Here are the steps to open a CD:

1. Gather your personal information, including your social security number, contact details, and identification documents.

2. Decide on the CD term that suits your needs.

3. Choose the CD type and deposit amount.

4. Complete the application form, providing accurate information.

5. Review the terms and conditions before submitting your application.

6. Fund your CD account with the required minimum deposit.

7. Wait for confirmation of your CD account opening.


1. What is the minimum deposit to open a CD with First Citizens Bank?

The minimum deposit to open a CD with First Citizens Bank is $1,000. However, for the Jumbo CD, the minimum deposit is higher at $100,000.

2. Can I withdraw money from my CD before the maturity date?

Yes, you can withdraw money from your CD before the maturity date, but you may incur an early withdrawal penalty. The penalty amount varies depending on the CD term.

3. Are First Citizens Bank CDs insured?

Yes, all First Citizens Bank CDs are insured by the FDIC up to $250,000 per depositor.

4. How is interest calculated on First Citizens Bank CDs?

Interest on First Citizens Bank CDs is calculated using the simple interest method. The interest is paid out monthly, quarterly, semi-annually, or annually, depending on the CD terms.

5. Can I renew my CD automatically?

Yes, First Citizens Bank offers automatic renewal for CDs. You will have a grace period after the maturity date to make any changes or withdrawals from your CD.

Leave a Reply