Compound Interest Calculator
CD 2-year Account from First Community Bank with 0.50% APY and $100,000 minimum deposit

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The product CD 2-year Account from First Community Bank with 0.50% 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 $21,025. The interest earned would be $1,025 and the tax amount on the interest earned would be approximately $307.

Please note that this product is available in Tennessee 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
$-669 over 10 years

Cash Savings $20,000

Average Interest Earned $1,387

First Community Bank Interest Earned $717

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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	20,381	193	135
4	20,575	195	137
5	20,770	197	138
6	20,967	199	139
7	21,166	201	141
8	21,367	203	142
9	21,570	205	143
10	21,774	207	145
	TOTAL:	$1,981	$1,387

First Community Bank Scenario

	Rate: 0.50%	Annual Interest	Annual Interest (After Tax)
1	20,000	100	70
2	20,100	101	70
3	20,201	101	71
4	20,302	102	71
5	20,404	102	72
6	20,506	103	72
7	20,609	103	72
8	20,712	104	73
9	20,816	104	73
10	20,920	105	73
	TOTAL:	$1,025	$717

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 2-year Account from First Community Bank with 0.50% APY and $100,000 minimum deposit