Compound Interest Calculator
CD Account from First Fidelity Bank with 0.35% APY

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The product CD Account from First Fidelity Bank with 0.35% APY 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 $20,711. The interest earned would be $711 and the tax amount on the interest earned would be approximately $213.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account

The Results for First Fidelity Bank

Savings Boost of
$-300 over 10 years

Cash Savings $20,000

Average Interest Earned $798

First Fidelity Bank Interest Earned $498

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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: 0.56%	Annual Interest	Annual Interest (After Tax)
1	20,000	111	78
2	20,111	112	78
3	20,223	112	79
4	20,335	113	79
5	20,449	114	80
6	20,562	114	80
7	20,677	115	80
8	20,792	116	81
9	20,907	116	81
10	21,023	117	82
	TOTAL:	$1,140	$798

First Fidelity Bank Scenario

	Rate: 0.35%	Annual Interest	Annual Interest (After Tax)
1	20,000	70	49
2	20,070	70	49
3	20,140	70	49
4	20,211	71	50
5	20,281	71	50
6	20,352	71	50
7	20,424	71	50
8	20,495	72	50
9	20,567	72	50
10	20,639	72	51
	TOTAL:	$711	$498

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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Customer Reviews for First Fidelity Bank

Dianna Jackson

December 1, 2022 |

I have banked at First Fidelity since 1991 I think. Their banking staff has always been so helpful. I had a person years ago take one of my blank check and cashed it for 250.00. I caught it right away and went to the bank. I've long since forgotten the bankers name but he walked me through the steps and we got the situation handled. I moved to Alabama in 2018 but I continue to keep my accounts with First Fidelity. Their Help desk has kept me straight and they are very patient with this old lady. Everything is working fine and I wouldn't think of banking anywhere else.

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Compound Interest Calculator CD Account from First Fidelity Bank with 0.35% APY