Compound Interest Calculator
CD 4-year Account from First Community Bank with 0.21% APY and $100,000 minimum deposit

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The product CD 4-year Account from First Community Bank with 0.21% 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 $20,424. The interest earned would be $424 and the tax amount on the interest earned would be approximately $127.

Please note that this product is available in North 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 First Community Bank

Savings Boost of
$-1,093 over 10 years

Cash Savings $20,000

Average Interest Earned $1,390

First Community Bank Interest Earned $297

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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: 0.95%	Annual Interest	Annual Interest (After Tax)
1	20,000	190	133
2	20,190	192	134
3	20,382	194	136
4	20,576	196	137
5	20,772	198	138
6	20,969	199	140
7	21,169	201	141
8	21,370	203	142
9	21,573	205	144
10	21,778	207	145
	TOTAL:	$1,985	$1,390

First Community Bank Scenario

	Rate: 0.21%	Annual Interest	Annual Interest (After Tax)
1	20,000	42	29
2	20,042	42	29
3	20,084	42	30
4	20,126	42	30
5	20,169	42	30
6	20,211	42	30
7	20,253	43	30
8	20,296	43	30
9	20,338	43	30
10	20,381	43	30
	TOTAL:	$424	$297

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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Compound Interest Calculator CD 4-year Account from First Community Bank with 0.21% APY and $100,000 minimum deposit