Compound Interest Calculator
CD Account from FRANKLIN-SOMERSET with 0.75% APY

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The product CD Account from FRANKLIN-SOMERSET with 0.75% 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 $21,558. The interest earned would be $1,558 and the tax amount on the interest earned would be approximately $467.

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 FRANKLIN-SOMERSET

Savings Boost of
$7 over 10 years

Cash Savings $20,000

Average Interest Earned $1,083

FRANKLIN-SOMERSET Interest Earned $1,091

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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: 0.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	150	105
2	20,150	151	106
3	20,300	152	106
4	20,452	153	107
5	20,605	154	108
6	20,759	155	109
7	20,915	156	110
8	21,071	158	110
9	21,229	159	111
10	21,387	160	112
	TOTAL:	$1,547	$1,083

FRANKLIN-SOMERSET Scenario

	Rate: 0.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	151	105
2	20,151	152	106
3	20,302	153	107
4	20,455	154	108
5	20,609	155	109
6	20,764	156	109
7	20,921	158	110
8	21,078	159	111
9	21,237	160	112
10	21,397	161	113
	TOTAL:	$1,558	$1,091

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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 FRANKLIN-SOMERSET with 0.75% APY