The Federal Reserve maintained interest rates last month. CD rates are influenced by the Fed's decision. Since the Fed didn't cut rates, it's likely CD rates will hold steady in February.

CDs traditionally lack liquidity, which can be a huge drawback. If you're afraid of being stuck paying early withdrawal penalties in case of an emergency, no-penalty CDs can help you avoid that risk.

Business Insider's personal finance team compared Citizens CD rates to the best CD rates and found it to be a standard offering. Some of its CDs offer competitive rates, but not all, and it doesn ...