Compound Interest Calculator
Money Market Account from Citizens First Bank with 3.77% APY and $1,000,000 minimum deposit



Use or Change These Amounts and Rates

The product Money Market Account from Citizens First Bank with 3.77% APY and $1,000,000 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 $28,957. The interest earned would be $8,957 and the tax amount on the interest earned would be approximately $2,687.

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
$5,950 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
Citizens First Bank Interest Earned $6,270

 

 

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:
3.77%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 754 528
2 20,754 782 548
3 21,536 812 568
4 22,348 843 590
5 23,191 874 612
6 24,065 907 635
7 24,972 941 659
8 25,914 977 684
9 26,891 1,014 710
10 27,905 1,052 736
TOTAL: $8,957 $6,270

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 3.77%
October 28, 2024 3.87%
September 22, 2024 3.98%
December 11, 2023 4.08%
December 11, 2023 1.00%


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: ↓0.50% on October 1.



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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