Compound Interest Calculator
CD Account from 1ST COMMUNITY with 1.06% 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 1ST COMMUNITY

Savings Boost of
$643 over 10 years
Cash Savings $20,000
Average Interest Earned $913

 
1ST COMMUNITY Interest Earned $1,557

 

 

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:
0.63%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 127 89
2 20,127 128 89
3 20,254 128 90
4 20,383 129 90
5 20,512 130 91
6 20,642 131 92
7 20,773 132 92
8 20,905 133 93
9 21,037 133 93
10 21,171 134 94
TOTAL: $1,305 $913

1ST COMMUNITY Scenario

Rate:
1.06%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 212 148
2 20,212 214 150
3 20,426 217 152
4 20,643 219 153
5 20,862 221 155
6 21,083 223 156
7 21,306 226 158
8 21,532 228 160
9 21,760 231 161
10 21,991 233 163
TOTAL: $2,224 $1,557

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.