Compound Interest Calculator
CD 3-year Account from Citizens First Bank with 1.97% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from Citizens First Bank with 1.97% 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 $24,308. The interest earned would be $4,308 and the tax amount on the interest earned would be approximately $1,292.

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
$1,930 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
Citizens First Bank Interest Earned $3,016

 

 

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:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 150 105
2 20,150 151 106
3 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

Citizens First Bank Scenario

Rate:
1.97%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 394 276
2 20,394 402 281
3 20,796 410 287
4 21,205 418 292
5 21,623 426 298
6 22,049 434 304
7 22,484 443 310
8 22,926 452 316
9 23,378 461 322
10 23,839 470 329
TOTAL: $4,308 $3,016

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 1.97%


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.

Last change: ↑0.20% on October 28.
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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