Compound Interest Calculator
CD 5-year Account from First State Bank with 1.50% APY and $100,000 minimum deposit

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The product CD 5-year Account from First State Bank with 1.50% 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 $23,211. The interest earned would be $3,211 and the tax amount on the interest earned would be approximately $963.

Please note that this product is available in Texas 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
$902 over 10 years

Cash Savings $20,000

Average Interest Earned $1,346

First State Bank Interest Earned $2,248

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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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	184	129
2	20,184	186	130
3	20,371	188	131
4	20,558	190	133
5	20,748	191	134
6	20,939	193	135
7	21,132	195	136
8	21,327	197	138
9	21,524	198	139
10	21,722	200	140
	TOTAL:	$1,922	$1,346

First State Bank Scenario

	Rate: 1.50%	Annual Interest	Annual Interest (After Tax)
1	20,000	300	210
2	20,300	305	213
3	20,605	309	216
4	20,914	314	220
5	21,227	318	223
6	21,546	323	226
7	21,869	328	230
8	22,197	333	233
9	22,530	338	237
10	22,868	343	240
	TOTAL:	$3,211	$2,248

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 5-year Account from First State Bank with 1.50% APY and $100,000 minimum deposit