Compound Interest Calculator
CD 8-month Account from Citizens with 4.00% APY and $5,000 minimum deposit
Use or Change These Amounts and Rates
The product CD 8-month Account from Citizens with 4.00% 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 $29,605. The interest earned would be $9,605 and the tax amount on the interest earned would be approximately $2,881.
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 Citizens
Savings Boost of
$6,392 over 10 years
$6,392 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
Citizens Interest Earned
$6,723
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: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,094 | 47 | 33 |
| 4 | 20,141 | 47 | 33 |
| 5 | 20,188 | 47 | 33 |
| 6 | 20,235 | 47 | 33 |
| 7 | 20,282 | 47 | 33 |
| 8 | 20,330 | 48 | 33 |
| 9 | 20,377 | 48 | 33 |
| 10 | 20,425 | 48 | 33 |
| TOTAL: | $473 | $331 |
Citizens Scenario
| Rate: 4.00% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 800 | 560 |
| 2 | 20,800 | 832 | 582 |
| 3 | 21,632 | 865 | 606 |
| 4 | 22,497 | 900 | 630 |
| 5 | 23,397 | 936 | 655 |
| 6 | 24,333 | 973 | 681 |
| 7 | 25,306 | 1,012 | 709 |
| 8 | 26,319 | 1,053 | 737 |
| 9 | 27,371 | 1,095 | 766 |
| 10 | 28,466 | 1,139 | 797 |
| TOTAL: | $9,605 | $6,723 |
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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.
Recent Rate Changes
| Date | APY |
|---|---|
| August 5, 2026 | 4.00% |
| July 27, 2026 | 3.75% |
| June 1, 2026 | 3.75% |
| March 23, 2026 | 4.00% |
| March 16, 2026 | 4.00% |
| March 9, 2026 | 4.00% |
| March 5, 2026 | 4.00% |
| February 23, 2026 | 4.00% |
| February 5, 2026 | 4.00% |
| January 12, 2026 | 3.65% |
| January 5, 2026 | 3.65% |
| December 29, 2025 | 3.65% |
| December 22, 2025 | 3.65% |
| December 15, 2025 | 3.65% |
| December 8, 2025 | 3.65% |
| November 18, 2025 | 3.65% |
| November 14, 2025 | 3.65% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.35% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
|
|
Take your savings to the next level with our 12-month online CD special! 12-Month |
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|
|
4.50% |
$500 |
Learn More | |
|
Last change: ↑0.45% on April 27. |
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|
|
4.50% |
$500 |
Learn More | |
|
Last change: ↑0.43% on April 27. |
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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑0.65% on August 6. |
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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑1.20% on August 6. |
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Customer Reviews for Citizens (38)
3.6 out of 5 based on 34 ratings
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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