Compound Interest Calculator
CD 2-year Account from Citizens Bank of Las Cruces with 0.85% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from Citizens Bank of Las Cruces with 0.85% 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 $21,767. The interest earned would be $1,767 and the tax amount on the interest earned would be approximately $530.

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

The Results for Citizens Bank of Las Cruces

Savings Boost of
$280 over 10 years
Cash Savings $20,000
Average Interest Earned $956

 
Citizens Bank of Las Cruces Interest Earned $1,237

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 133 93
2 20,133 133 93
3 20,266 134 94
4 20,400 135 95
5 20,536 136 95
6 20,672 137 96
7 20,809 138 97
8 20,947 139 97
9 21,086 140 98
10 21,226 141 99
TOTAL: $1,366 $956

Citizens Bank of Las Cruces Scenario

Rate:
0.85%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 170 119
2 20,170 171 120
3 20,341 173 121
4 20,514 174 122
5 20,689 176 123
6 20,865 177 124
7 21,042 179 125
8 21,221 180 126
9 21,401 182 127
10 21,583 183 128
TOTAL: $1,767 $1,237
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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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Customer Reviews for Citizens Bank of Las Cruces

1.0 out of 5 based on 1 rating


  • February 26, 2020 |

    Recently closed my accounts with Citizens. Front line tellers very discourteous. Most of my transactions were deposits however, each check I tried to deposit required 2nd and supervisor approval. Not asking for any funds returned to me just a basic deposit. On more then one occasion the supervisor was called to actually make a face to face acknowledgement before approving my check deposit. It seems to me that the response/service provided to me was different then the other customers standing beside me in line. Hope that has nothing to do with my darker skin complexion, but can not figure out a different reason. When I complained to the bank manager about how I felt about the services provided me, my complaint was dismissed and I was told the matter would be discussed with the teller. I received no other response. I received the same type of service from the teller at my next visit to the main branch. Again I was the last customer to be waited on requiring the same 2nd supervisor approval. I closed my accounts right after this experience and hope if you consider this bank that you be aware of the different treatment/service you may be provided especially if you are a person of color. It has been said that when they show you who they are a person or a business, believe them the first time. This is not a bank I could ever do business with, hope you look at their reviews and the history of this banks services to minority customers, African Americans.


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