Compound Interest Calculator
CD 5-year Account from Citizens First Bank with 2.28% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from Citizens First Bank with 2.28% 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 $25,057. The interest earned would be $5,057 and the tax amount on the interest earned would be approximately $1,517.

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
$2,201 over 10 years
Cash Savings $20,000
Average Interest Earned $1,340

 
Citizens First Bank Interest Earned $3,540

 

 

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:
0.92%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 184 129
2 20,184 185 130
3 20,369 187 131
4 20,556 189 132
5 20,745 190 133
6 20,935 192 135
7 21,127 194 136
8 21,321 196 137
9 21,517 198 138
10 21,714 199 140
TOTAL: $1,914 $1,340

Citizens First Bank Scenario

Rate:
2.28%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 456 319
2 20,456 466 326
3 20,922 477 334
4 21,399 488 342
5 21,887 499 349
6 22,386 510 357
7 22,897 522 365
8 23,419 534 374
9 23,953 546 382
10 24,499 559 391
TOTAL: $5,057 $3,540

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 2.28%


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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