Compound Interest Calculator
CD Account from FIRST FLORIDA with 0.89% APY

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The product CD Account from FIRST FLORIDA with 0.89% 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 $21,853. The interest earned would be $1,853 and the tax amount on the interest earned would be approximately $556.

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 FLORIDA

Savings Boost of
$354 over 10 years

Cash Savings $20,000

Average Interest Earned $943

FIRST FLORIDA Interest Earned $1,297

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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: 0.65%	Annual Interest	Annual Interest (After Tax)
1	20,000	131	92
2	20,131	132	92
3	20,262	133	93
4	20,395	133	93
5	20,528	134	94
6	20,663	135	95
7	20,798	136	95
8	20,934	137	96
9	21,071	138	96
10	21,208	139	97
	TOTAL:	$1,347	$943

FIRST FLORIDA Scenario

	Rate: 0.89%	Annual Interest	Annual Interest (After Tax)
1	20,000	178	125
2	20,178	180	126
3	20,358	181	127
4	20,539	183	128
5	20,722	184	129
6	20,906	186	130
7	21,092	188	131
8	21,280	189	133
9	21,469	191	134
10	21,660	193	135
	TOTAL:	$1,853	$1,297

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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Customer Reviews for First Florida

ted

July 7, 2019

CDs 13 Month Rates

wrong rate!

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Compound Interest Calculator CD Account from FIRST FLORIDA with 0.89% APY