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

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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
$1,369 over 10 years

Cash Savings $20,000

Average Interest Earned $1,185

First National Bank of Scotia Interest Earned $2,554

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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: 0.82%	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	20,661	169	118
6	20,829	170	119
7	20,999	171	120
8	21,171	173	121
9	21,344	174	122
10	21,518	176	123
	TOTAL:	$1,693	$1,185

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

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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
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%

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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.

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