First Citizens Bank 11-Month CD Earns 5.00% APY (Available Online Only) – Ended

First Citizens Bank, one of the largest family-controlled banks in the United States, has an online CD offer for customers across twenty states. This online-only offer is a high-yielding 11-Month Certificate of Deposit (CD) for those seeking to increase their savings in a secure, predictable manner.

• Update 1/19/24: The rate remains high at 5.00% APY. This is a very strong offer. You might want to consider Rising Bank’s CD offer for a higher rate.
• Update 8/31/2023: First Citizens has increased their CD’s APY from 4.76% to 5.00%.

READ MORE: SEE THE BEST NATIONWIDE CD RATES HERE

First Citizens 11-Month CD Offer

• Available exclusively to residents in AZ, CA, CO, FL, GA, KS, MD, MO, NE, NV, NM, NC, OK, OR, SC, TN, TX, VA, WA, WV, and WI.
• An online-only 11-Month CD offering a highly attractive APY of 5.00%¹.
• Requires a minimum deposit of $5,000 to open a CD with First Citizens Bank.
• Deposit amounts can range from $5,000² to $250,000.
• Funds for the CD must originate from sources outside of First Citizens Bank.

1. APY (annual percentage yield) is accurate as of January 19, 2024. Penalty may be imposed for early withdrawal. No brokered CDs accepted. Other restrictions and fees may apply. Fees could reduce the earnings on the account.
2. Minimum opening deposit balance must be maintained to obtain annual percentage yield (APY). Account openings and credit are subject to bank approval.

Why First Citizens Bank?

Being a bank with an impressive lineage spanning over 120 years, First Citizens has consistently been at the forefront of helping families and businesses maximize their financial opportunities.

With the merger with CIT planned for Q3 of 2023, the bank is set to become the 19th largest in the United States with assets exceeding $100 billion. This expansion will enable First Citizens to offer their expertise and services to an even broader customer base, surpassing their traditional branch network.

An FDIC Insured Institution

Importantly, your investment is safe with First Citizens Bank. As an FDIC-insured institution, your deposits are protected up to the maximum amount permitted by law.

This means that you can take advantage of the high returns offered by this CD, safe in the knowledge that your principal is secure.

Community Bank Experience

First Citizens Bank is more than just a financial institution. It prides itself on being both big enough to offer all the products and services that users need, while also retaining the personal touch of a community bank.

Their commitment to putting customers first, and the emphasis on building long-lasting relationships, is evident in their everyday operations.

READ MORE: SEE THE BEST SAVINGS RATES OFFERED BY CIT BANK

Bottom Line

This online-exclusive 11-Month CD offer provides a high-yield, secure savings option.

The Good Stuff:

1. The Rate: A 5.00% APY is a good offer for a guaranteed rate.
2. Online Convenience: Manage it from the comfort of your home.
3. Security: It’s FDIC insured, so your deposit is safe up to the maximum allowed by law.
4. Reputation: First Citizens has a strong reputation, being one of the largest family-controlled banks in the US.

The Not-So-Good Stuff:

1. Limited Availability: This offer is available to residents in specific states only.

Overall, if you’ve got some savings you’re looking to grow and you live in one of the eligible states, this CD could be a great option.

See more from First Citizens:

• First Citizens Bank: Free Checking & Online Savings Accounts
• First Citizens Rewards Business Visa Card 10,000 Bonus Points ($100 Value)
• First Citizens Rewards Visa Card: Cash Back For Everyday Purchases

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.