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Bank · FDIC insured

First Citizens Bank Carrot Score

A $236.3B bank, the 19th largest of 4,207, headquartered in Raleigh, NC, with 515 branches in 23 states.

First Citizens Bank Carrot Score

66

Carrot Score

Higher than 15% of U.S. banks and credit unions

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By productProduct

Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.

Where First Citizens Bank ranks

By Carrot score, in each area where it has branches

And 120 more areas

Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.

By product

How each product scores

How its rates compare with every U.S. bank and credit union. Open a product to see them.

Where the score could improve

  • Savings, $10,0001.15%0.10% today, higher than 15% of U.S. institutions. 1.15% would reach the top quarter; 2.20% the top 10%.
  • CDs, 16-30 months3.85%0.05% today, higher than 0% of U.S. institutions. 3.85% would reach the top quarter; 4.20% the top 10%.
  • Savings, $100,0002.01%0.10% today, higher than 10% of U.S. institutions. 2.01% would reach the top quarter; 2.93% the top 10%.
  • To score in the 90sIts CDs already have a rate near the best in the country (4.00% at 3-8 months); its other CDs rates need to rank near the top too, so the weaker ones above matter most.

Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.

Method

How the score works

  1. Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
  2. Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
  3. Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.

How First Citizens Bank got its score

Its products stand at 57.0 for CDs, 15.1 for savings, 13.2 for credit cards and 10.2 for auto loans, out of 100. Its best two, CDs and savings, average 36.1. Publishing four products adds 3.0, for 39.1. That puts it ahead of 15% of U.S. banks and credit unions: a Carrot Score of 66.

The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.

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