Compound Interest Calculator
CD 1-year Account from FINANCIAL CENTER FIRST with 0.35% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from FINANCIAL CENTER FIRST with 0.35% APY and $100,000 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 $20,711. The interest earned would be $711 and the tax amount on the interest earned would be approximately $213.

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

The Results for FINANCIAL CENTER FIRST

Savings Boost of
$-296 over 10 years
Cash Savings $20,000
Average Interest Earned $794

 
FINANCIAL CENTER FIRST Interest Earned $498

 

 

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 20,000 111 77
2 20,111 111 78
3 20,222 112 78
4 20,334 112 79
5 20,446 113 79
6 20,559 114 80
7 20,673 114 80
8 20,787 115 80
9 20,902 116 81
10 21,018 116 81
TOTAL: $1,134 $794

FINANCIAL CENTER FIRST Scenario

Rate:
0.35%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 70 49
2 20,070 70 49
3 20,140 70 49
4 20,211 71 50
5 20,281 71 50
6 20,352 71 50
7 20,424 71 50
8 20,495 72 50
9 20,567 72 50
10 20,639 72 51
TOTAL: $711 $498

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.



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