Compound Interest Calculator
CD 1-year Account from Anderson Brothers Bank with 0.60% APY and $10,000 minimum deposit
Use or Change These Amounts and Rates
The product CD 1-year Account from Anderson Brothers Bank with 0.60% APY and $10,000 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 $21,233. The interest earned would be $1,233 and the tax amount on the interest earned would be approximately $370.
Please note that this product is available in South Carolina and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
The Results for Anderson Brothers Bank
Savings Boost of
$75 over 10 years
$75 over 10 years
Cash Savings
$20,000
Average Interest Earned
$788
Anderson Brothers Bank Interest Earned
$863
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: 0.55% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 110 | 77 |
| 2 | 20,110 | 110 | 77 |
| 3 | 20,220 | 111 | 78 |
| 4 | 20,331 | 112 | 78 |
| 5 | 20,443 | 112 | 79 |
| 6 | 20,555 | 113 | 79 |
| 7 | 20,668 | 113 | 79 |
| 8 | 20,781 | 114 | 80 |
| 9 | 20,895 | 115 | 80 |
| 10 | 21,010 | 115 | 81 |
| TOTAL: | $1,126 | $788 |
Anderson Brothers Bank Scenario
| Rate: 0.60% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 120 | 84 |
| 2 | 20,120 | 121 | 85 |
| 3 | 20,241 | 121 | 85 |
| 4 | 20,362 | 122 | 86 |
| 5 | 20,484 | 123 | 86 |
| 6 | 20,607 | 124 | 87 |
| 7 | 20,731 | 124 | 87 |
| 8 | 20,855 | 125 | 88 |
| 9 | 20,980 | 126 | 88 |
| 10 | 21,106 | 127 | 89 |
| TOTAL: | $1,233 | $863 |
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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.
Featured CD Rates
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% |
$1,500 |
Learn More | |
|
Last change: ↑0.25% on August 10. |
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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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|
|
4.50% |
$10,000 |
Learn More | |
|
Last change: ↑1.20% on August 6. |
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|
|
4.45% |
$500 |
Learn More | |
|
Last change: ↑0.40% on April 27. |
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Customer Reviews for Anderson Brothers Bank
jrsquire
March 3, 2026 |
The Marion branch gives great service. I live in Columbia and they are just a phone call away.
Is this review helpful? Yes:0 / No: 0
lb44
February 18, 2021
I have had my car loan through Anderson Brothers for 8 months now. I have been paying on time, but I pulled my annual credit report and notice they haven't been reporting. Im very upset about this. I need answers.
Is this review helpful? Yes:3 / No: 0
disgusted consumer
February 1, 2021
This bank resembles a loan shark. They do not work with folks who have had troubles and try to make things right. No matter how hard to try to resolve an issue in a forthright manner they refuse and want to profit by making you suffer. Have never had an experience like this with any bank.
Is this review helpful? Yes:4 / No: 0
Betty Greene
June 2, 2016
I have called, returned statement and mailed you letters about this issue. You kept sending statements to Joseph Nance Greene for Checking account that has no money in it and he had request you to stop sending _0_ statements. I have called, written and email telling you he no longer lives at this address and I do not know his address. As we ask him to move.
PLEASE QUIT SENDING STATEMENTS FOR JOSEPH N GREENE TO 4101 O LD PORTMAN ROAD - Anderson, sc 29626. STOP
Is this review helpful? Yes:1 / No: 0
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