Compound Interest Calculator
CD 1-year Account from Citibank, National Association with 2.00% APY and $0 minimum deposit

Use or Change These Amounts and Rates

The product CD 1-year Account from Citibank, National Association with 2.00% APY and $0 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 $24,380. The interest earned would be $4,380 and the tax amount on the interest earned would be approximately $1,314.

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 Citibank, National Association

Savings Boost of
$2,262 over 10 years
Cash Savings $20,000
Average Interest Earned $804

Citibank, National Association Interest Earned $3,066



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

Annual Interest
(After Tax)
1 20,000 112 78
2 20,112 113 79
3 20,225 113 79
4 20,338 114 80
5 20,452 115 80
6 20,566 115 81
7 20,681 116 81
8 20,797 116 82
9 20,914 117 82
10 21,031 118 82
TOTAL: $1,149 $804

Citibank, National Association Scenario

Annual Interest
(After Tax)
1 20,000 400 280
2 20,400 408 286
3 20,808 416 291
4 21,224 424 297
5 21,649 433 303
6 22,082 442 309
7 22,523 450 315
8 22,974 459 322
9 23,433 469 328
10 23,902 478 335
TOTAL: $4,380 $3,066

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
May 8, 2024 2.00%
February 6, 2024 2.75%
December 15, 2023 4.00%
October 3, 2023 4.30%

Featured CD Rates

Advertiser Disclosure

13-Month Online CD - Save for the things you want later. Easy online application.


Save for the things you want later. Easy online application.


7-Month CD Special - Save for the things you want later. Easy online application.


Save for the things you want later. Easy online application.


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%.

Customer Reviews for Citibank, National Association

  • February 25, 2022 |

    I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account.

    Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary.
    Accelerate Savings was opened to park some cash with a decent rate (though not the highest).
    Checking was added to have access to large amounts from Accelerated Savings.

    It is difficult dealing with a bank that is not local. Calling customer service sometimes has a wait-time and many agents are unable to provide information when it is more complicated than the current balance. Some agents are much better.

    There are limits to moving money from the Accelerate account.
    • Online transfer limit $10,000/day; $15,000/30 days
    • ATM (Target, and many others) $1,500/day, unlimited days
    Easy way around it: transfer funds to checking and write a check for as much as you want.

    Banks insured by the FDIC are a commodity. Money goes in; earns some interest; money goes out. They are differentiated by interest rate, easy of money movement, and accessibility of information. Citi is medium – 3-stars. My local bank is also 3-stars – lower interest rate, but better services.

    I prefer dealing person-to-person, but 435 miles to the closest Citi branch is a bit too far.

  • August 26, 2020 |

    I opened a CITI online account in order to take advantage of bonus reward money. While I was trying to link my external account, CITI debited that account and the money was denied. It was a matter of the account not being linked yet. I had an alert on my CITI account that they were charging me an insufficient fund fee. When I called customer service to tell them I just opened the account, they said there was no charge. i had the printed page but they could not find a charge. Then, my savings was showing a .1% interest rate instead of a 1.05%. When I called about that they said that was a different account. i am afraid to move the money for fear of not getting the $700 bonus reward money. Let's see if I even get that. My money will be coing out of there in 90 days after the bonus money is deposited.

Add Your Review

or use your BestCashCow account