Compound Interest Calculator
CD Account from FirsTier Bank with 1.07% APY

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The product CD Account from FirsTier Bank with 1.07% APY 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 $22,246. The interest earned would be $2,246 and the tax amount on the interest earned would be approximately $674.

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 FirsTier Bank

Savings Boost of
$1,268 over 10 years

Cash Savings $20,000

Average Interest Earned $304

FirsTier Bank Interest Earned $1,572

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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: 0.22%	Annual Interest	Annual Interest (After Tax)
1	20,000	43	30
2	20,043	43	30
3	20,086	43	30
4	20,129	43	30
5	20,173	43	30
6	20,216	43	30
7	20,259	44	30
8	20,303	44	31
9	20,347	44	31
10	20,390	44	31
	TOTAL:	$434	$304

FirsTier Bank Scenario

	Rate: 1.07%	Annual Interest	Annual Interest (After Tax)
1	20,000	214	150
2	20,214	216	151
3	20,430	219	153
4	20,649	221	155
5	20,870	223	156
6	21,093	226	158
7	21,319	228	160
8	21,547	231	161
9	21,778	233	163
10	22,011	236	165
	TOTAL:	$2,246	$1,572

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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.

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Compound Interest Calculator CD Account from FirsTier Bank with 1.07% APY