Compound Interest Calculator
CD 18-month Account from Citizens First Bank with 1.77% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product CD 18-month Account from Citizens First Bank with 1.77% 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 $23,836. The interest earned would be $3,836 and the tax amount on the interest earned would be approximately $1,151.

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
$2,365 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
Citizens First Bank Interest Earned $2,685

 

 

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:
0.23%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 32
2 20,045 45 32
3 20,091 45 32
4 20,136 46 32
5 20,181 46 32
6 20,227 46 32
7 20,273 46 32
8 20,319 46 32
9 20,364 46 32
10 20,410 46 32
TOTAL: $457 $320

Citizens First Bank Scenario

Rate:
1.77%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 354 248
2 20,354 360 252
3 20,714 367 257
4 21,081 373 261
5 21,454 380 266
6 21,834 386 271
7 22,220 393 275
8 22,614 400 280
9 23,014 407 285
10 23,421 415 290
TOTAL: $3,836 $2,685

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
December 11, 2023 1.77%


Featured CD Rates

ONLINE BANKS APY? MIN?

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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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