Compound Interest Calculator
CD Account from Citizens Bank, National Association with 2.25% APY

Small differences in savings or CD rates may seem trivial. But, earning more in your savings and CD accounts can lead to much larger account balances balances over time when you examine the difference in compound interest over time. Use our calculator on the right below to see how much larger your accounts can be by moving to higher earning savings and CD rates.

Use or Change these Amounts And Rates

The Results for Citizens Bank, National Association

Savings Boost of
$2,904 over 10 years
Cash Savings $20,000
Average Interest Earned $585

 
Citizens Bank, National Association Interest Earned $3,489

 

 

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:
0.41%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 82 57
2 20,082 82 58
3 20,164 83 58
4 20,247 83 58
5 20,330 83 58
6 20,413 84 59
7 20,497 84 59
8 20,581 84 59
9 20,665 85 59
10 20,750 85 60
TOTAL: $835 $585

Citizens Bank, National Association Scenario

Rate:
2.25%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 450 315
2 20,450 460 322
3 20,910 470 329
4 21,381 481 337
5 21,862 492 344
6 22,354 503 352
7 22,857 514 360
8 23,371 526 368
9 23,897 538 376
10 24,434 550 385
TOTAL: $4,984 $3,489

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.