Compound Interest Calculator
CD 1-year Account from Citizens First Bank with 4.15% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from Citizens First Bank with 4.15% APY and $2,500 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $30,035. The interest earned would be $10,035 and the tax amount on the interest earned would be approximately $3,010.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for Citizens First Bank

Savings Boost of
$6,229 over 10 years
Cash Savings $20,000
Average Interest Earned $795

 
Citizens First Bank Interest Earned $7,024

 

 

See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Rate:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 78
2 20,111 111 78
3 20,222 112 78
4 20,334 113 79
5 20,447 113 79
6 20,560 114 80
7 20,674 115 80
8 20,789 115 81
9 20,904 116 81
10 21,020 116 82
TOTAL: $1,136 $795

Citizens First Bank Scenario

Rate:
4.15%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 830 581
2 20,830 864 605
3 21,694 900 630
4 22,595 938 656
5 23,532 977 684
6 24,509 1,017 712
7 25,526 1,059 742
8 26,586 1,103 772
9 27,689 1,149 804
10 28,838 1,197 838
TOTAL: $10,035 $7,024

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.


Recent Rate Changes



Date APY
October 7, 2024 4.15%
September 22, 2024 4.29%
September 6, 2024 4.50%
March 5, 2024 4.60%
December 29, 2023 4.86%
December 11, 2023 4.60%


Featured CD Rates

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Customer Reviews for Citizens First Bank


  • December 8, 2023

    We have been banking with Citizen's First for 4 years. Their branches, service, website, and employee attitudes are and always have been excellent. Their branches are warmly personal with free buttered popcorn and personal touches throughout. Not like the cold impersonal larger banks such as Chase and Truist we have left. You are treated not so much as just another customer, but as a friend . They have close personal ties and involvement to their communities. They offer a personal touch that is lacking in most of todays banking institutions.


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