Citizens State Bank (FL) National Rate Leader in 1-, 2-, and 5-Year CDs


Citizens State Bank (FL) raised the rate on three of its CDs yesterday, making these CDs the nationwide rate leaders for their respective maturities:

    12-month CD 1.25% APY

    24-month CD 1.55% APY

    60-month CD 2.35% APY

Each of these CDs requires a $1K minimum deposit to open and has no maximum balance cap. The Early Withdrawal Penalty is based on the individual CD’s length of term: 12-month CD/3 months interest penalty; 24-month CD/6 months interest penalty; and 60-month CD/12 months interest penalty.

3.20*%$1k-Citizens State Bank (FL)60 Month CD
2.40*%$1k-Citizens State Bank (FL)24 Month CD
1.80*%$1k-Citizens State Bank (FL)12 Month CD
Rates as of June 20, 2018.


Citizens State Bank’s products (including the above mentioned CDs) are available nationwide, and can be opened utilizing the bank’s new interactive virtual banking platform (This is available by clicking on the "Open account" button that is located on the upper right section of the bank's rates page).

The online application process also provides for the initial funding of the CD.

If you live in northwest Florida, you can visit any of four branches located in Perry, Gainesville, Madison, and Steinhatchee, to open an account.

Bank Overview

Citizens State Bank has an overall health rating of B at, with a Texas Ratio of 25.93% (average) as of June 30, 2014. In the past year, Citizens State Bank (FDIC Certificate # 17880) increased its total deposits by $28.1 Million, an excellent growth rate of 16.24%. Please refer to our financial overview of Citizens State Bank for more details.

Citizens State Bank’s philosophy of "we understand that change is inevitable," is evident in the growth and the scope of the bank. Originally established in 1958 as a small bank in a small Florida town, Citizens State Bank began offering savings accounts and CDs nationwide in 2012. With the addition of their online banking services, Citizens State Bank is embracing the inevitable.

How the Rates Compare

As stated earlier, when compared to other similar length of term CDs, with a required $1K minimum deposit, tracked by and available nationwide, Citizens State Bank's 12-month CD, 24-month CD, and 60-month CD are clearly rate leaders:

Interest Rate CD Length Institution
1.25% APY 12-month CD Citizens State Bank
1.10% APY 12-month CD Triumph Savings Bank
Interest Rate CD Length Institution
1.55% APY 24-month CD Citizens State Bank
1.50% APY 25-month CD Quorum Federal Credit Union
Interest Rate CD Length Institution
2.35% APY 60-month CD Citizens State Bank
2.25% APY 60-month Online CD Barclays

The above rates are accurate as of 9/4/2014.

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

Related Pages: Citizens State Bank (FL), Tallahassee, Gainesville

Anonymous   |     |   Comment #1
Is the 60 month CD a good deal?
hoho   |     |   Comment #2
High 5 year rate. Synchrony's EWP on a 2.3% CD (25K) is 180 days .vs 12 months on this CD.
Anonymous   |     |   Comment #4
CIT Bank has a rate of 2.40% APY for any of their maturing CD's that are reinvested for 60 months.
hoho   |     |   Comment #5
What is the EWP on a CIT 5 year?
Bozo   |     |   Comment #6
While nothing to write home about, the point is that 5-yr nationally-available 5-yr CDs have appeared (finally) to have finished cratering and have now pointed back up.
Anonymous   |     |   Comment #7
I had wanted to take advantage of their higher rates for CDs.  However, the electronic application process is very convoluted.  After I applied and had set up a ACH transfer from an existing outside account I didn't hear anything for 3 days.  Finally, I contacted CSB to find out whether I had been "accepted".  In response, I had to amend my application twice and then was told I had to send a hard copy of my state ID as well as a signature card.  It's been more than a week....they have my money yet I still have no evidence that my application has been accepted or that I actually have an account.  In my opinion, the rate isn't worth the trouble.
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