Citizens Access Savings

Citizens Access is the online-only deposit division of Citizens Bank, N.A. The savings account shows 2.80% APY on every balance from one cent up, with no service fees and no account opening fees. Citizens quotes two tiers, $0.01 to $4,999.99 and $5,000 or more, and both show 2.80% APY. The minimum opening deposit is $0.01, which is also the minimum balance to earn the rate. Citizens says there are no service fees and no account opening fees. The rate is variable and Citizens can change it daily at its discretion. The page prints 07/17/2026 as the date the APY is accurate, almost three months before we read it on October 14, 2026, and it still showed 2.80% that day, so check the live rate and its date before you open the account. Structural fine print: there is no ATM card and no checking account on the Access platform, so money moves by electronic transfer to a linked bank account. FDIC insurance runs under Citizens Bank, N.A. certificate 57957, and Citizens treats Citizens Access and Citizens Bank as the same entity for FDIC limits, which means deposits at both count against the same $250,000 per-depositor limit. Choose Citizens Access if you want an account that opens with $0.01, has no service fees and accepts a variable rate. Skip it if you want an ATM card or checking from the same account, or if you hold more than $250,000 across Citizens Access and Citizens Bank, since the FDIC limit is shared.