Compound Interest Calculator
CD 4-year Account from First County Bank with 1.10% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from First County Bank with 1.10% APY and $10,000 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 $22,312. The interest earned would be $2,312 and the tax amount on the interest earned would be approximately $694.

Please note that this product is available in Connecticut 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 County Bank

Savings Boost of
$438 over 10 years
Cash Savings $20,000
Average Interest Earned $1,181

 
First County Bank Interest Earned $1,619

 

 

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:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 163 114
2 20,163 164 115
3 20,327 165 116
4 20,492 167 117
5 20,658 168 118
6 20,826 169 119
7 20,996 171 119
8 21,166 172 120
9 21,338 173 121
10 21,512 175 122
TOTAL: $1,687 $1,181

First County Bank Scenario

Rate:
1.10%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 220 154
2 20,220 222 156
3 20,442 225 157
4 20,667 227 159
5 20,895 230 161
6 21,124 232 163
7 21,357 235 164
8 21,592 238 166
9 21,829 240 168
10 22,069 243 170
TOTAL: $2,312 $1,619

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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