Compound Interest Calculator
CD 30-month Account from FIRST CHOICE with 0.95% APY and $100,000 minimum deposit

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The product CD 30-month Account from FIRST CHOICE with 0.95% 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 $21,983. The interest earned would be $1,983 and the tax amount on the interest earned would be approximately $595.

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

The Results for FIRST CHOICE

Savings Boost of
$1,076 over 10 years

Cash Savings $20,000

Average Interest Earned $312

FIRST CHOICE Interest Earned $1,388

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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: 0.22%	Annual Interest	Annual Interest (After Tax)
1	20,000	44	31
2	20,044	44	31
3	20,088	44	31
4	20,133	44	31
5	20,177	45	31
6	20,222	45	31
7	20,267	45	31
8	20,311	45	31
9	20,356	45	31
10	20,401	45	32
	TOTAL:	$446	$312

FIRST CHOICE Scenario

	Rate: 0.95%	Annual Interest	Annual Interest (After Tax)
1	20,000	190	133
2	20,190	192	134
3	20,382	194	136
4	20,575	195	137
5	20,771	197	138
6	20,968	199	139
7	21,167	201	141
8	21,369	203	142
9	21,572	205	143
10	21,776	207	145
	TOTAL:	$1,983	$1,388

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

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Ivy Bank, a division of Cambridge Savings Bank	4.35%	$1,000	Learn More
Last change: ↑2.35% on September 16.
Climate First Bank	4.34%	$500	Learn More
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Climate First Bank	4.34%	$500	Learn More
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Total Bank, a division of City National Bank of Florida	4.25%	$25,000	Learn More
Last change: ↓0.16% on September 18. 3 Month CD.

Compound Interest Calculator CD 30-month Account from FIRST CHOICE with 0.95% APY and $100,000 minimum deposit