Citizens State Bank (WI) Ups Rate On 10-Month Rule Breaker CD


Availability: Market area is Western Wisconsin.

In November 2015, I wrote about Citizens State Bank’s Rule Breaker CDs, specifically the 20-month Rule Breaker CD and the advantages of the unique features of these CDs.

The 20-month CD’s APY has since dropped to 1.40% APY, but the 10-month Rule Breaker CD’s APY was raised to 1.35% at the beginning of the week. The 10-month Rule Breaker CD requires an “active transaction account,” i.e., a checking account, and a minimum deposit of $10k.

The fine print on the Rates page details the three "Rule Breaker" features.

There is a one time option, during the term, to increase the rate on your Rule
Breaker CD to the rate being offered on the same term Rule Breaker CD at that time.

Additional deposits (minimum $1,000) may be made to your Rule Breaker CD at any time, in
increments of $1,000 or more up to the original amount of the CD but not to exceed $25,000.

A one time withdrawal of up to 50% of the opening deposit is allowed with no penalty. A
withdrawal in excess of 50% will result in a five month interest penalty for a 10 Month Rule Breaker CD.


Headquartered in Hudson, Wisconsin, Citizens State Bank’s market area is western Wisconsin, between Eau Claire, Wisconsin and Minneapolis, Minnesota. CSR did indicate the Bank may be agreeable to accepting customers outside its customary market area; it’s worth a phone call.

Opening a 10-month Rule Breaker CD can be done at any of five Wisconsin branches, located in Elmwood, Hudson, Menomonie, Roberts, and Woodville.

When I wrote about Citizens State Bank six months ago, the online application was not yet functional; unfortunately, the Applications page still reads, “Coming Soon!”

Bank Overview

Citizens State Bank (FDIC Certificate # 6194) has an overall health grade of "B+" at, with a Texas ratio of 11.60% (above average) based on December 31, 2015 data. In the past year, Citizens State Bank has increased its total deposits by $4.19 million, an excellent annual growth rate of 3.07%. Please refer to our financial overview of Citizens State Bank for more details.

Citizens State Bank opened its doors in 1904 and became an FDIC member in 1934, soon after the FDIC was established. For the next 85 years, the Bank had only one office, located in Woodville. The 1990s marked a period of expansion for the Bank, with the acquisition of two banks (First State Bank in Elmwood and Bank St. Croix in Roberts) and the opening of three new branches.

How the CD Compares

When compared to the similar length-of-term CDs tracked by that available to residents of Western Wisconsin, Citizens State Bank's 10-month Rule Breaker CD APY currently ranks first, regardless of minimum deposit.

The above rates are accurate as of 5/25/2016.

To look for the best CD rates, both nationwide and in your state, please refer to our CD rates table, or our new Rates Map page.

Citizens State Bank (WI) Offers Top-Rate 20-Month CD with Special Features
Availability: Market area includes Western Wisconsin.

Citizens State Bank has recently come out with a CD special that combines a very competitive rate and flexible features. The CD special is called a Rule Breaker CD, and it has terms of 10 and 20 months. The 20-month CD rate is the only noteworthy one (1.70% APY). The 10-month Rule Breaker CD has two rates with a higher rate requiring an active transaction account. The 20-month CD currently only has one rate. The minimum opening deposit for these CDs is $10K,...

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