Compound Interest Calculator
CD 4-year Account from First State Bank with 0.94% APY and $10,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

First State Bank Rate (%):

Compound Interest Period:

Tax Rate:

Email (optional for newsletter registration)

Please leave this field blank

The product CD 4-year Account from First State Bank with 0.94% APY and $10,000 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 $21,962. The interest earned would be $1,962 and the tax amount on the interest earned would be approximately $588.

Please note that this product is available in Iowa and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for First State Bank

Savings Boost of
$-17 over 10 years

Cash Savings $20,000

Average Interest Earned $1,390

First State Bank Interest Earned $1,373

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: 0.95%	Annual Interest	Annual Interest (After Tax)
1	20,000	190	133
2	20,190	192	134
3	20,382	194	136
4	20,576	196	137
5	20,772	198	138
6	20,969	199	140
7	21,169	201	141
8	21,370	203	142
9	21,573	205	144
10	21,778	207	145
	TOTAL:	$1,985	$1,390

First State Bank Scenario

	Rate: 0.94%	Annual Interest	Annual Interest (After Tax)
1	20,000	188	132
2	20,188	190	133
3	20,378	192	134
4	20,569	193	135
5	20,763	195	137
6	20,958	197	138
7	21,155	199	139
8	21,354	201	141
9	21,554	203	142
10	21,757	205	143
	TOTAL:	$1,962	$1,373

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.

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
Blue Foundry Bank	6.00%	$5,000	Learn More
5 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.
TotalDirect, a division of City National Bank of Florida	5.51%	$25,000	Learn More
Last change: ↓0.15% on May 13. 3 Month CD.
My e-Banc, a division of Bradesco BAC Florida Bank	5.49%	$50,000	Learn More
Last change: ↑0.09% on March 12. 6 Month Jumbo CD.
Charles Schwab Bank, SSB	5.46%	$1,000	Learn More
Last change: ↓0.05% on May 9.
My e-Banc, a division of Bradesco BAC Florida Bank	5.41%	$50,000	Learn More
Last change: ↓0.36% on March 12. Early Withdrawal Penalty is 3 months interest.

Compound Interest Calculator CD 4-year Account from First State Bank with 0.94% APY and $10,000 minimum deposit