Compound Interest Calculator
CD 3-year Account from First Community Bank with 0.60% APY and $100,000 minimum deposit

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The product CD 3-year Account from First Community Bank with 0.60% 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 $21,235. The interest earned would be $1,235 and the tax amount on the interest earned would be approximately $371.

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
$-404 over 10 years

Cash Savings $20,000

Average Interest Earned $1,268

First Community Bank Interest Earned $865

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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: 0.87%	Annual Interest	Annual Interest (After Tax)
1	20,000	174	122
2	20,174	176	123
3	20,350	177	124
4	20,527	179	125
5	20,706	180	126
6	20,886	182	127
7	21,068	184	128
8	21,252	185	130
9	21,437	187	131
10	21,624	188	132
	TOTAL:	$1,812	$1,268

First Community Bank Scenario

	Rate: 0.60%	Annual Interest	Annual Interest (After Tax)
1	20,000	120	84
2	20,120	121	85
3	20,241	122	85
4	20,363	122	86
5	20,485	123	86
6	20,608	124	87
7	20,732	125	87
8	20,857	125	88
9	20,982	126	88
10	21,108	127	89
	TOTAL:	$1,235	$865

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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 3-year Account from First Community Bank with 0.60% APY and $100,000 minimum deposit