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Comparison of Deposit Account from Citizens Bank and Trust with 0.03% - May 2024


Long-Term Analysis of SETTLERS with 0.56% APY and Citizens Bank and Trust with 0.03% APY and Citizens State Bank of New Castle, Indiana with 0.15% APY

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

You May Choose More Savings or CD Products From Among these Popular Products to Compare

 
$
PRODUCT
BANK
APY
STATE
AMOUNT
TERM
BANK TYPE
VS.NAT.AV.
MIN
  • 1
    LOCAL CD
    SETTLERS
    0.56%
    -
    $50,000
    6 Month
    Credit Union
    0.82x (National Avg. - 0.69%)
    $500
     
    SCENARIO
    Year Rate
    0.56%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 280 196
    2 50,280 282 197
    3 50,562 283 198
    4 50,845 285 199
    5 51,129 286 200
    6 51,416 288 202
    7 51,704 290 203
    8 51,993 291 204
    9 52,284 293 205
    10 52,577 294 206
    11 52,872 296 207
    12 53,168 298 208
    13 53,465 299 210
    14 53,765 301 211
    15 54,066 303 212
    16 54,369 304 213
    17 54,673 306 214
    18 54,979 308 216
    19 55,287 310 217
    20 55,597 311 218
    TOTAL $5,908 $4,136
  • 2
    LOCAL SAVINGS
    Citizens Bank and Trust
    0.03%
    -
    $50,000
    N.A.
    Bank
    0.14x (National Avg. - 0.22%)
    $2,500
     
    SCENARIO
    Year Rate
    0.03%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 15 11
    2 50,015 15 11
    3 50,030 15 11
    4 50,045 15 11
    5 50,060 15 11
    6 50,075 15 11
    7 50,090 15 11
    8 50,105 15 11
    9 50,120 15 11
    10 50,135 15 11
    11 50,150 15 11
    12 50,165 15 11
    13 50,180 15 11
    14 50,195 15 11
    15 50,210 15 11
    16 50,225 15 11
    17 50,241 15 11
    18 50,256 15 11
    19 50,271 15 11
    20 50,286 15 11
    TOTAL $301 $211
  • 3
    LOCAL CD
    Citizens State Bank of New Castle, Indiana
    0.15%
    -
    $50,000
    18 Month
    Bank
    0.21x (National Avg. - 0.73%)
    $10,000
     
    SCENARIO
    Year Rate
    0.15%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 75 53
    2 50,075 75 53
    3 50,150 75 53
    4 50,225 75 53
    5 50,301 75 53
    6 50,376 76 53
    7 50,452 76 53
    8 50,527 76 53
    9 50,603 76 53
    10 50,679 76 53
    11 50,755 76 53
    12 50,831 76 53
    13 50,907 76 53
    14 50,984 76 54
    15 51,060 77 54
    16 51,137 77 54
    17 51,214 77 54
    18 51,290 77 54
    19 51,367 77 54
    20 51,444 77 54
    TOTAL $1,522 $1,065

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    5 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

    Last change: ↓0.15% on May 13.
    3 Month CD.

    Last change: ↑0.09% on March 12.
    6 Month Jumbo CD.

    Last change: ↓0.05% on May 9.

    Last change: ↓0.36% on March 12.
    Early Withdrawal Penalty is 3 months interest.

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