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Citizens State Bank (FL)2.01%$1k-60 Month CD
Citizens State Bank (FL)1.26%$1k-24 Month CD
Citizens State Bank (FL)0.70%$1k-12 Month CD
Accounts mentioned in this post. Rates as of August 19, 2014

CD Rate Changes at Citizens State Bank - Available Nationwide


Citizens State Bank (FL)

Citizens State Bank in Florida has fallen off the top of the 5-year CD rate list. However, the bank increased the rates of some of its shorter-term CDs, and they are now very competitive. Also, it continues to offer a savings and money market account special.

The new 5-year CD yields are 1.81% APY for a $100K minimum and 1.75% APY for a $1K minimum. The old yield was 2.05%.

On the positive side, Citizens State Bank increased its 1-year and 2-year CD rates. The 2-year CD yield is now 1.35% APY for both a $1K and $100K balance. The 1-year CD yield is now 1.15% APY for a $100K minimum (1.10% APY for a $1K minimum.)

The bank continues to offer guaranteed rates for its savings account and money market account. The bank is offering 1.05% APY on its money market account and 1.01% APY on its personal savings account. These rates are guaranteed until 6/30/2013. The savings account APY requires a $1,000 minimum and the money market APY requires a $10,000 minimum.

These rates are listed at this bank's rates page as of 2/6/2013. Details of the rate guarantee are listed in this flyer.


I was told that these deposit accounts are available nationwide and may be opened in branch, online or over the phone.

The bank allows for POD beneficiaries, and this can now be specified in the online application.

Early Withdrawal Penalties

One downside with the long-term CDs is a large early withdrawal penalty. The early withdrawal penalties for CD terms from 1 to 5 years are:

  • 3 months of interest for 1-year CD
  • 9 months of interest for 2-year CD
  • 12 months of interest for 3-year CD
  • 18 months of interest for 4-year CD
  • 24 months of interest for 5-year CD

These penalties apply on the amount withdrawn. Please refer to the fee tab of the bank's personal CD page for the full details on the early withdrawal penalties.

Bank Overview

Citizens State Bank is a small bank with 4 branches in north Florida. It just recently established a branch in Gainesville. The other branches are located in small towns between Gainesville and Tallahassee.

The bank has an overall health score at of 3 stars (out of 5) with a Texas ratio of 36.90% (below average) based on September 2012 data. The Texas ratio that was based on June data was 42.33%, so the financial health has improved a little. Please refer to our financial overview of Citizens State Bank for more details. The bank has been a FDIC member since 1958 (FDIC Certificate # 17880).

How These CD Rates Compare

The highest 5-year CD rate that's nationally available and without any checking requirements is now 2.00% APY at Mountain America Credit Union.

The highest 1-year and 2-year CD rates continue to be 1.25% APY and 1.60% APY at Pentagon Federal Credit Union.

These rates are accurate as of 2/6/2013.

Searching for Top CD Rates

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of

  Tags: Citizens State Bank (FL), Florida, CD rates

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Comment #1 by klink posted on
Ken....PenFed rates are 1.25% for 1yr. and 1.60 for 2yr.

Comment #2 by KenBDG posted on
Thanks klink for noting the error. I've updated the post.

Comment #3 by Anonymous posted on
I recently opened a 60 month CD awhile back at the 2.05% rate.  The process went pretty smoothly.  They called me the next day to verify a phone number and then they opened the account and ACH'd the funds from my other account.  I am considering do the money market now.