Compound Interest Calculator
CD 2-year Account from Citizens First Bank with 1.87% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from Citizens First Bank with 1.87% 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 $24,071. The interest earned would be $4,071 and the tax amount on the interest earned would be approximately $1,221.

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
$1,902 over 10 years
Cash Savings $20,000
Average Interest Earned $947

 
Citizens First Bank Interest Earned $2,850

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 131 92
2 20,131 132 93
3 20,264 133 93
4 20,397 134 94
5 20,531 135 94
6 20,666 136 95
7 20,801 137 96
8 20,938 138 96
9 21,076 138 97
10 21,214 139 98
TOTAL: $1,354 $947

Citizens First Bank Scenario

Rate:
1.87%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 374 262
2 20,374 381 267
3 20,755 388 272
4 21,143 395 277
5 21,538 403 282
6 21,941 410 287
7 22,352 418 293
8 22,770 426 298
9 23,195 434 304
10 23,629 442 309
TOTAL: $4,071 $2,850

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 1.87%


Featured CD Rates

ONLINE BANKS APY? MIN?

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

Last change: ↑3.00% on August 7.

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

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



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.


Add Your Review


or use your BestCashCow account

or