Compound Interest Calculator
CD Account from Central Bank & Trust Company with 0.30% APY



Use or Change These Amounts and Rates

The product CD Account from Central Bank & Trust Company with 0.30% APY 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 $20,608. The interest earned would be $608 and the tax amount on the interest earned would be approximately $182.

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 Central Bank & Trust Company

Savings Boost of
$-517 over 10 years
Cash Savings $20,000
Average Interest Earned $943

 
Central Bank & Trust Company Interest Earned $426

 

 

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:
0.65%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 131 92
2 20,131 132 92
3 20,262 133 93
4 20,395 133 93
5 20,528 134 94
6 20,663 135 95
7 20,798 136 95
8 20,934 137 96
9 21,071 138 96
10 21,208 139 97
TOTAL: $1,347 $943

Central Bank & Trust Company Scenario

Rate:
0.30%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 60 42
2 20,060 60 42
3 20,120 60 42
4 20,181 61 42
5 20,241 61 43
6 20,302 61 43
7 20,363 61 43
8 20,424 61 43
9 20,485 61 43
10 20,547 62 43
TOTAL: $608 $426

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.



Featured CD Rates

ONLINE BANKS APY? MIN?

6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

Last change: ↑0.46% on December 15, 2023.
3 Month CD.

Last change: ↑0.20% on September 8, 2023.
6 Month CD.

Last change: ↓0.05% on March 15.
3 Month CD.

Last change: ↑0.09% on March 12.
6 Month Jumbo CD.



Customer Reviews for Central Bank & Trust Company


  • March 11, 2023 |

    Best Bank in Lexington. FDIC insured but not ruled by the Fed.

  • November 1, 2019 |

    CDs 12 Month Rates

    Not impressed. Got a CD last November. The staff person put the wrong SS number. I was back home 60 miles away before I realized it. My bad. Central does not issue earnings statements. So the same staff told me
    Thought I would buy a truck in August. Asked about using CD as security for a loan. Less than 25% of the value of the CD. The person that answered the phone did not know if Central did that. Supposedly talked to a loan officer. I held on til she reported back, " we don't do that". The original staff didn't know what a passbook savings account was. I am dating myself, but I retired from FDIC. So on the maturity date of 11\13\19 I will be moving my money
    Still scratching my head!!


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