Compound Interest Calculator
CD 4-year Account from First National Bank of Scotia with 1.69% APY and $500 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

First National Bank of Scotia Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 4-year Account from First National Bank of Scotia with 1.69% APY and $500 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 $23,649. The interest earned would be $3,649 and the tax amount on the interest earned would be approximately $1,095.

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 Scotia

Savings Boost of
$1,368 over 10 years

Cash Savings $20,000

Average Interest Earned $1,187

First National Bank of Scotia Interest Earned $2,554

Compare

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: 0.82%	Annual Interest	Annual Interest (After Tax)
1	20,000	163	114
2	20,163	165	115
3	20,328	166	116
4	20,494	167	117
5	20,662	169	118
6	20,830	170	119
7	21,001	172	120
8	21,172	173	121
9	21,345	174	122
10	21,520	176	123
	TOTAL:	$1,695	$1,187

First National Bank of Scotia Scenario

	Rate: 1.69%	Annual Interest	Annual Interest (After Tax)
1	20,000	338	237
2	20,338	344	241
3	20,682	350	245
4	21,031	355	249
5	21,387	361	253
6	21,748	368	257
7	22,116	374	262
8	22,489	380	266
9	22,869	386	271
10	23,256	393	275
	TOTAL:	$3,649	$2,554

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.

Recent Rate Changes

Date	APY
April 21, 2025	1.69%
March 10, 2025	1.06%
February 24, 2025	1.01%
December 23, 2024	0.72%
November 4, 2024	0.75%
July 1, 2024	0.69%
June 10, 2024	0.67%
December 10, 2023	0.65%

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
Brilliant Bank, a division of Equity Bank	4.55%	$1,000	Learn More
Last change: ↓0.50% on October 1, 2024.
ableBanking, a division of Northeast Bank	4.50%	$500	Learn More
Last change: ↑0.20% on January 18.
Finworth, a division of InsBank	4.50%	$50,000	Learn More
Last change: ↑0.20% on April 9.
First Internet Bank of Indiana	4.49%	$1,000	Learn More
Last change: ↑0.34% on May 27. Warning: Early Withdrawal Penalty is 180 days interest.
Finworth, a division of InsBank	4.46%	$50,000	Learn More
Last change: ↑0.26% on April 9. Early Withdrawal Penalty is 6 months interest.

Customer Reviews for First National Bank of Scotia

Zflash4000

October 1, 2017

Will play games with your account. changing posting dates and times. Will hold direct deposit so you overdraft your account.

Is this review helpful? Yes:0 / No: 0

Add Your Review

or use your BestCashCow account

Compound Interest Calculator CD 4-year Account from First National Bank of Scotia with 1.69% APY and $500 minimum deposit