Compound Interest Calculator
CD Account from First National Bank of America with 4.80% APY

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The product CD Account from First National Bank of America with 4.80% 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 $31,963. The interest earned would be $11,963 and the tax amount on the interest earned would be approximately $3,589.

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 National Bank of America

Savings Boost of
$7,429 over 10 years

Cash Savings $20,000

Average Interest Earned $945

First National Bank of America Interest Earned $8,374

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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: 0.66%	Annual Interest	Annual Interest (After Tax)
1	20,000	131	92
2	20,131	132	92
3	20,263	133	93
4	20,396	134	94
5	20,529	134	94
6	20,664	135	95
7	20,799	136	95
8	20,935	137	96
9	21,072	138	97
10	21,210	139	97
	TOTAL:	$1,349	$945

First National Bank of America Scenario

	Rate: 4.80%	Annual Interest	Annual Interest (After Tax)
1	20,000	960	672
2	20,960	1,006	704
3	21,966	1,054	738
4	23,020	1,105	773
5	24,125	1,158	811
6	25,283	1,214	850
7	26,497	1,272	890
8	27,769	1,333	933
9	29,102	1,397	978
10	30,499	1,464	1,025
	TOTAL:	$11,963	$8,374

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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.

Recent Rate Changes

Date	APY
September 1, 2023	4.80%
August 20, 2023	4.60%

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Customer Reviews for First National Bank of America

VINCEMUNIZ@Q.COM

October 16, 2020

HAVE BEEN CALLING YOUR
MORTGAGE DEPARTMENT ON "ITIN" LOANS AND HAVE NOT GOT A HUMAN PERSON TO ANSWER OR
RETURN MY PHONE CALLS.
WHAT IS HAPPEN?
PLEASE ADVISE.
THANK YOU,

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Compound Interest Calculator CD Account from First National Bank of America with 4.80% APY