Compound Interest Calculator
CD 1-year Account from The Citizens Bank Company with 0.47% APY and $100,000 minimum deposit

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The Citizens Bank Company Rate (%):

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The product CD 1-year Account from The Citizens Bank Company with 0.47% APY and $100,000 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 $20,960. The interest earned would be $960 and the tax amount on the interest earned would be approximately $288.

Please note that this product is available in Ohio and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for The Citizens Bank Company

Savings Boost of
$-130 over 10 years

Cash Savings $20,000

Average Interest Earned $803

The Citizens Bank Company Interest Earned $672

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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: 0.56%	Annual Interest	Annual Interest (After Tax)
1	20,000	112	78
2	20,112	112	79
3	20,224	113	79
4	20,337	114	80
5	20,451	114	80
6	20,565	115	80
7	20,680	116	81
8	20,796	116	81
9	20,912	117	82
10	21,029	118	82
	TOTAL:	$1,147	$803

The Citizens Bank Company Scenario

	Rate: 0.47%	Annual Interest	Annual Interest (After Tax)
1	20,000	94	66
2	20,094	94	66
3	20,188	95	66
4	20,283	95	67
5	20,379	96	67
6	20,474	96	67
7	20,571	97	68
8	20,667	97	68
9	20,764	98	68
10	20,862	98	69
	TOTAL:	$960	$672

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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.

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Compound Interest Calculator CD 1-year Account from The Citizens Bank Company with 0.47% APY and $100,000 minimum deposit