Your tool to create a more rewarding retirement plan.
If you've already established retirement savings through an Individual Retirement Account, you may be ready to roll your contributions into an IRA CD, that will grow your funds with a fixed rate guarantee of return throughout your retirement. Our IRA CD provides peace of mind with a fixed interest rate, the tax advantages of an IRA, and the guaranteed returns of a CD. Open an FDIC-insured account with as little as $250 and choose your time frame — from 1 to 120 months.
Minimum balance to open
$250
Monthly maintenance fee
$0
Distribution
Early withdrawal fees may apply, with exceptions for age and certain other conditions.1 All withdrawals are subject to IRS tax regulations and penalties.
Choose from 1-120 month terms
Traditional IRA contributions may be tax deductible – consult your tax advisor.
For Traditional and Roth IRAs
Contribution Limits Under Age 50
$6,500 for tax year 2023
$6,000 for tax year 2022
Contribution Limits Age 50 and older
$7,500 for tax year 2023
$7,000 for tax year 2022
Here's what you need to get started:
To learn more, find out about current rates, or open an IRA CD, call 1-800-948-7200 or go to a Citizens branch location. Link to branch locator. You may also want to consult a tax advisor for information or deductions for your IRA contributions to the savings account and CDs.
Do you know what it takes to work towards a secure retirement? Use this calculator to help you create your retirement plan.
Learn MoreUse this calculator to see how different savings rates can impact your savings strategy.
Learn MorePopular Questions:
Have More Questions? Get more answers in our Full FAQs section.
Find out how the benefits of an IRA Savings can help you prepare for retirement.
Learn MoreFind out how the benefits of an IRA Savings can help you prepare for retirement.
Monthly maintenance fee
$4.99
Minimum balance to open
Any Amount
© Citizens Financial Group, Inc. All rights reserved. Citizens is a brand name of Citizens Bank, N.A. Member FDIC
1 Please consult our Personal Deposit Account Agreement and Personal Deposit Accounts Fees and Features Guide for more detail.
All accounts and services are subject to approval. IRA distributions may be subject to state taxation depending on the tax law of your state. Citizens does not offer tax advice. Consult your tax advisor for IRA eligibility rules and your individual circumstances. See a banker for details and FDIC insurance limitations. Fees may reduce earnings.