The product CD 2-year Account from First-Citizens Bank & Trust Company with 0.05% APY and $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 $20,100. The interest earned would be $100 and the tax amount on the interest earned would be approximately $30.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| Rate: 0.66% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 132 | 92 |
| 2 | 20,132 | 132 | 93 |
| 3 | 20,264 | 133 | 93 |
| 4 | 20,397 | 134 | 94 |
| 5 | 20,532 | 135 | 95 |
| 6 | 20,667 | 136 | 95 |
| 7 | 20,803 | 137 | 96 |
| 8 | 20,940 | 138 | 96 |
| 9 | 21,077 | 139 | 97 |
| 10 | 21,216 | 140 | 98 |
| TOTAL: | $1,356 | $949 |
| Rate: 0.05% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 10 | 7 |
| 2 | 20,010 | 10 | 7 |
| 3 | 20,020 | 10 | 7 |
| 4 | 20,030 | 10 | 7 |
| 5 | 20,040 | 10 | 7 |
| 6 | 20,050 | 10 | 7 |
| 7 | 20,060 | 10 | 7 |
| 8 | 20,070 | 10 | 7 |
| 9 | 20,080 | 10 | 7 |
| 10 | 20,090 | 10 | 7 |
| TOTAL: | $100 | $70 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.91% |
$25,000 |
Learn More | |
|
Last change: ↓0.09% on October 17. |
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|
|
4.90% |
$10,000 |
Learn More | |
|
Last change: ↓0.15% on September 6. |
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|
|
4.80% |
$50,000 |
Learn More | |
|
Last change: ↓0.09% on December 7. |
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|
|
4.75% |
$50,000 |
Learn More | |
|
Last change: ↑0.25% on November 25. |
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|
|
4.70% |
$1,000 |
Learn More | |
|
Last change: ↑0.70% on December 7. |
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Customer Reviews for First-Citizens Bank & Trust Company
MrBond
February 25, 2023 |
I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews, because all smart people have already left this company. Very poor management, toxic, politic based, cheep environment. Lots of lawsuits with the companies they acquire. They do not maintain quality employees and management only cares about their own bonus. HR does not exist and covers management wrong doing. During my career, I have been volunteering and working hard and doing a great job, may manager was Orlando.Torres. I was never reworded, no promised bonuses. Their politics to keep people scared, instead of rewording for a good job. They changed my remote work from home status to work in the office and without any explanation. They were sending emails to all current employees and asking people on writing positive revues to cover up their chaos. I have been dismissed during taking medical leave on PTO and my PTO has never been paid. Overall, I would not recommend this job to a friend.
Is this review helpful? Yes:0 / No: 0
SJANE39
December 9, 2020 |
Too bad I can't give a MINUS 10!!! Stay far away!!!! Worst bank ever! Mgr. Carlos was so nasty so I told him to just close my cd and give me the check, he said "Don't give me orders! I'm not your slave"! He gave me an argument about everything! And when I went to another bank with the check, they had to verify check cleared so called that same branch. No answer for 1/2 hour!! And when new bank manager spoke to Carlos next day about confirming the check, his answer was "how long have you been in the banking industry because this is absolutely unnecessary"!!!!! This branch was the University Parkway branch in Lakewood Ranch Florida but I would have nothing to do with any branch! I complained and someone from Tampa called and hardly showed any interest in the way I was treated!!! Carlos should not be dealing with the public!
Is this review helpful? Yes:0 / No: 0
702bdr
January 29, 2019 |
Waste of time trying to establish a IRA CD in the Plano office. It is a commercial banking location with no one there who knows the process.
Is this review helpful? Yes:0 / No: 0
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