Compound Interest Calculator
CD 1-year Account from SECURITY FIRST with 1.41% APY and $25,000 minimum deposit

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The product CD 1-year Account from SECURITY FIRST with 1.41% APY and $25,000 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 $23,006. The interest earned would be $3,006 and the tax amount on the interest earned would be approximately $902.

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 SECURITY FIRST

Savings Boost of
$1,316 over 10 years

Cash Savings $20,000

Average Interest Earned $788

SECURITY FIRST Interest Earned $2,104

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: 0.55%	Annual Interest	Annual Interest (After Tax)
1	20,000	110	77
2	20,110	110	77
3	20,220	111	78
4	20,331	112	78
5	20,443	112	79
6	20,555	113	79
7	20,668	113	79
8	20,781	114	80
9	20,895	115	80
10	21,010	115	81
	TOTAL:	$1,126	$788

SECURITY FIRST Scenario

	Rate: 1.41%	Annual Interest	Annual Interest (After Tax)
1	20,000	282	197
2	20,282	286	200
3	20,568	290	203
4	20,858	294	206
5	21,152	298	209
6	21,450	302	212
7	21,753	307	215
8	22,059	311	218
9	22,371	315	221
10	22,686	320	224
	TOTAL:	$3,006	$2,104

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.

Recent Rate Changes

Date	APY
September 6, 2023	1.41%
August 20, 2023	2.48%

Featured CD Rates

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Total Bank, a division of City National Bank of Florida	4.25%	$25,000	Learn More
Last change: ↓0.16% on September 18. 3 Month CD.
Bread Savings, a division of Bread Financial	4.20%	$1,500	Learn More
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M.Y. SAFRA BANK, FSB	4.15%	$500	Learn More
Total Bank, a division of City National Bank of Florida	4.10%	$25,000	Learn More
Last change: ↓0.15% on November 26.

Compound Interest Calculator CD 1-year Account from SECURITY FIRST with 1.41% APY and $25,000 minimum deposit