Compound Interest Calculator
CD 1-year Account from First State Bank with 0.08% APY and $100,000 minimum deposit

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The product CD 1-year Account from First State Bank with 0.08% APY and $100,000 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 $20,161. The interest earned would be $161 and the tax amount on the interest earned would be approximately $48.

Please note that this product is available in Ohio 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
$-1,102 over 10 years

Cash Savings $20,000

Average Interest Earned $1,214

First State Bank Interest Earned $112

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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: 0.84%	Annual Interest	Annual Interest (After Tax)
1	20,000	167	117
2	20,167	168	118
3	20,335	170	119
4	20,505	171	120
5	20,676	173	121
6	20,849	174	122
7	21,023	176	123
8	21,199	177	124
9	21,376	178	125
10	21,554	180	126
	TOTAL:	$1,734	$1,214

First State Bank Scenario

	Rate: 0.08%	Annual Interest	Annual Interest (After Tax)
1	20,000	16	11
2	20,016	16	11
3	20,032	16	11
4	20,048	16	11
5	20,064	16	11
6	20,080	16	11
7	20,096	16	11
8	20,112	16	11
9	20,128	16	11
10	20,144	16	11
	TOTAL:	$161	$112

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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Compound Interest Calculator CD 1-year Account from First State Bank with 0.08% APY and $100,000 minimum deposit