Compound Interest Calculator
CD 1-year Account from Citizens First Bank with 3.82% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from Citizens First Bank with 3.82% 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 $29,096. The interest earned would be $9,096 and the tax amount on the interest earned would be approximately $2,729.

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
$5,575 over 10 years
Cash Savings $20,000
Average Interest Earned $792

 
Citizens First Bank Interest Earned $6,368

 

 

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 20,000 110 77
2 20,110 111 78
3 20,221 112 78
4 20,333 112 79
5 20,445 113 79
6 20,558 113 79
7 20,672 114 80
8 20,786 115 80
9 20,900 115 81
10 21,016 116 81
TOTAL: $1,132 $792

Citizens First Bank Scenario

Rate:
3.82%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 764 535
2 20,764 793 555
3 21,557 823 576
4 22,381 855 598
5 23,236 888 621
6 24,123 922 645
7 25,045 957 670
8 26,001 993 695
9 26,995 1,031 722
10 28,026 1,071 749
TOTAL: $9,096 $6,368

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
November 18, 2024 3.82%
November 4, 2024 4.08%
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

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

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Early Withdrawal Penalty is 3 months interest.

Last change: ↓0.25% on October 16.



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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