Back to today’s briefing

Story perspectives

Citizens Bank Offers 3.90% APY Amid Mortgage Rate Changes

1/6/2025

22 4

Summary

Story summary

Citizens Bank features a 3.90% APY online savings account with no fees and supports trust accounts.
Mortgage rates are approximately 6.70% as of January 2025, with a slight decrease anticipated this year.
Recent Federal Reserve rate cuts may lead to lower savings and CD rates over the next two years.
Ally Bank offers competitive savings and no-penalty CDs, though customer service feedback is mixed.

1 of 1

Story summary

Citizens Bank features a 3.90% APY online savings account with no fees and supports trust accounts.
Mortgage rates are approximately 6.70% as of January 2025, with a slight decrease anticipated this year.
Recent Federal Reserve rate cuts may lead to lower savings and CD rates over the next two years.
Ally Bank offers competitive savings and no-penalty CDs, though customer service feedback is mixed.