Compound Interest Calculator
CD 5-year Account from Century Bank of Georgia with 3.06% APY and $1,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Century Bank of Georgia Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 5-year Account from Century Bank of Georgia with 3.06% APY and $1,000 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 $27,035. The interest earned would be $7,035 and the tax amount on the interest earned would be approximately $2,111.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

Our records indicate that this institution has been acquired by Southern States Bank.

The Results for Century Bank of Georgia

Savings Boost of
$3,584 over 10 years

Cash Savings $20,000

Average Interest Earned $1,341

Century Bank of Georgia Interest Earned $4,925

Compare

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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	184	129
2	20,184	185	130
3	20,369	187	131
4	20,556	189	132
5	20,745	191	133
6	20,936	192	135
7	21,128	194	136
8	21,323	196	137
9	21,519	198	138
10	21,716	200	140
	TOTAL:	$1,916	$1,341

Century Bank of Georgia Scenario

	Rate: 3.06%	Annual Interest	Annual Interest (After Tax)
1	20,000	612	428
2	20,612	631	442
3	21,243	650	455
4	21,893	670	469
5	22,563	690	483
6	23,253	712	498
7	23,965	733	513
8	24,698	756	529
9	25,454	779	545
10	26,233	803	562
	TOTAL:	$7,035	$4,925

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.

Recent Rate Changes

Date	APY
August 19, 2023	3.06%

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
Brilliant Bank, a division of Equity Bank	4.55%	$1,000	Learn More
Last change: ↓0.50% on October 1, 2024.
ableBanking, a division of Northeast Bank	4.50%	$500	Learn More
Last change: ↑0.20% on January 18.
My e-Banc, a division of Bradesco BAC Florida Bank	4.50%	$50,000	Learn More
Last change: ↓0.05% on April 30. 6 Month Jumbo CD.
Finworth, a division of InsBank	4.50%	$50,000	Learn More
Last change: ↑0.20% on April 9.
Goldman Sachs Bank	4.50%	$500	Learn More
Last change: ↓0.50% on February 25.

Compound Interest Calculator CD 5-year Account from Century Bank of Georgia with 3.06% APY and $1,000 minimum deposit