First Citizens Bank (IA/MN) Has 48-Month CD Special w/Bump


Deal Summary: 48-month CD Special, 2.63% APY, $1k minimum, one-time bump option, available through March 5, 2018.

Availability: Online market area includes Iowa and Minnesota.

Iowa-based First Citizens Bank (First Citizens) is offering a limited-time 48-month CD Special (2.63% APY), which is available through March 5, 2018. In addition to the competitive rate, the CD Special also has a one-time Bump Option. The minimum opening deposit is $1k, with no stated balance cap.

First Citizens is also offering two other limited-time CD Specials: 12-month CD Special (1.76% APY) and 24-month CD Special (2.27% APY), but neither is as competitive as the 48-month.

As stated on First Citizens’ CD Rates page, the Early Withdrawal Penalty for the 48-month CD Special reads as follows:

Penalty for early withdrawal will be equal to 365 days interest.


Headquartered in Mason City, Iowa, First Citizens National Bank’s in-branch market area includes seven northern Iowa counties and the Minnesota community of Mora, but according to First Citizens’ online application,

We welcome all residents of the
states of Iowa and Minnesota to apply.

Opening an account with First Citizens can be done online, or in person at any of eight Iowa branches located in Charles City, Clarion, Kanawha, Latimer, Mason City (2), New Hampton, and Osage, or the sole Minnesota branch located in Mora.

Bank Overview

First Citizens Bank has an overall health rating of "A" at, with a Texas Ratio of 1.19% (excellent) based on September 30, 2017 data. In the past year, First Citizens has increased its total non-brokered deposits by $26.24 million, an above average annual growth rate of 2.7%. Please refer to our financial overview of First Citizens Bank (FDIC Certificate # 4433) for more details.

Originally established in 1892 as The Citizens National Bank of Charles City, First Citizens Bank is currently Iowa’s 12th largest bank. For more than 100 years, the Bank served the Charles City community, and in 1994 acquired four Iowa banks, resulting in a name change to First Citizens National Bank. Further acquisitions in 2013 and 2014 expanded the market area into Minnesota and helped increase assets to more than $1.2 billion. The First Citizens Bank re-brand occurred in late 2015, when the Bank changed its FDIC institution class.

How the CD Special Compares

When compared to the similar length-of-term CDs tracked by that require a similar minimum deposit, First Citizens Bank’s 48-month CD Special APY currently ranks first for Minnesota residents and second for Iowa residents.

Interest RateCD Length of TermCredit Union/Bank
2.90% APY45-Month CD SpecialUniversity of Iowa Community Federal Credit Union
2.63% APY48-Month CRFirst Citizens Bank
2.56% APY48-Month CDNorthern Bank Direct
2.53% APY48-Month Personal CDConnectOne Bank

The above rates are accurate as of 2/23/2018.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Rochester CD rates, Minneapolis CD rates, Cedar Rapids CD rates, Des Moines CD rates, 5-year CD rates


First Citizens National Bank (IA) Has 1-Week 48-Month CD Special
Availability: Market area is Iowa and Minnesota.

Iowa based First Citizens National Bank (First Citizens) has a one week 48-month CD Special (2.02% APY); this limited-time offer is valid October 5-9, 2015.

The minimum opening deposit is $1K, with no balance cap. A one-time Bump Option is also available.

As stated on First Citizens’ CD Rates page, the Early Withdrawal Penalty reads as follows:


Headquartered in Mason City, Iowa, First Citizens National Bank’s market area includes seven northern Iowa...

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