The product CD 1-year Account from Citizens with 3.60% APY and $5,000 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 $28,486. The interest earned would be $8,486 and the tax amount on the interest earned would be approximately $2,546.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| Rate: 0.55% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 110 | 77 |
| 2 | 20,110 | 111 | 77 |
| 3 | 20,221 | 111 | 78 |
| 4 | 20,332 | 112 | 78 |
| 5 | 20,444 | 112 | 79 |
| 6 | 20,556 | 113 | 79 |
| 7 | 20,669 | 114 | 80 |
| 8 | 20,783 | 114 | 80 |
| 9 | 20,897 | 115 | 80 |
| 10 | 21,012 | 116 | 81 |
| TOTAL: | $1,128 | $789 |
| Rate: 3.60% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 720 | 504 |
| 2 | 20,720 | 746 | 522 |
| 3 | 21,466 | 773 | 541 |
| 4 | 22,239 | 801 | 560 |
| 5 | 23,039 | 829 | 581 |
| 6 | 23,869 | 859 | 601 |
| 7 | 24,728 | 890 | 623 |
| 8 | 25,618 | 922 | 646 |
| 9 | 26,540 | 955 | 669 |
| 10 | 27,496 | 990 | 693 |
| TOTAL: | $8,486 | $5,940 |
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.
| Date | APY |
|---|---|
| September 3, 2025 | 3.60% |
| April 17, 2025 | 3.50% |
| February 17, 2025 | 4.35% |
| December 23, 2024 | 4.00% |
| September 28, 2024 | 4.25% |
| August 2, 2024 | 4.50% |
| January 19, 2024 | 5.00% |
| September 22, 2023 | 5.50% |
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.34% |
$500 |
Learn More | |
|
Last change: ↑1.66% on April 4. |
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|
|
4.34% |
$500 |
Learn More | |
|
Last change: ↑0.66% on February 4. |
||||
|
|
4.25% |
$25,000 |
Learn More | |
|
Last change: ↓0.16% on September 18. |
||||
|
|
4.20% |
$5,000 |
Learn More | |
|
Last change: ↓0.05% on October 7. |
||||
|
|
4.20% |
$1,500 |
Learn More | |
|
Last change: ↓0.10% on October 13. |
||||
Customer Reviews for Citizens (38)
james
November 18, 2023 |
bad bank hold your deposit over months without credit in your account, no interest, they don’t want pay you interest , they want your money with 0% interest.
Is this review helpful? Yes:4 / No: 0
yes, ma'am
October 18, 2023 |
Citizens is just a great CSR experience in every way imaginable (user interface, phone support, etc.) compared to any of these other places on this list. Also, a recognized and positive brand (at least throughout the northeast). I just renewed a 1-year CD with them and highly recommend. (Four 1/2 stars because I wish the rates were further towards to top of this table).
Is this review helpful? Yes:0 / No: 0
Dr. Bill N
January 18, 2023 |
The website is constantly down. I'll move all my accounts to a less recognized name with a better rate as that gives me fewer surprises like this.
Is this review helpful? Yes:1 / No: 0
biddysundance
September 1, 2022 |
updated review - The bank managed to finally provide the requested document listing the beneficiary after a number of calls. So will add a few stars. The website still needs some work to be more descriptive of the transfer information. It is pretty useless as all it has is generic info with no bank information listed under the source of the transfer. Pretty mediocre for a bank listed as having over 160 billion in assets.
Is this review helpful? Yes:1 / No: 0
CJ Regan
September 1, 2022 |
I'm only comfortable with banks whose names I recognize and among those 4 or 5 I have found Citizens consistently has the best rate in 2022. Also outstanding service. I will stick with this one over anything else on this site.
Is this review helpful? Yes:1 / No: 0
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