Compound Interest Calculator
CD 1-year Account from ServisFirst Bank with 0.71% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from ServisFirst Bank with 0.71% APY and $10,000 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 $21,466. The interest earned would be $1,466 and the tax amount on the interest earned would be approximately $440.

Please note that this product is available in Alabama and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for ServisFirst Bank

Savings Boost of
$230 over 10 years
Cash Savings $20,000
Average Interest Earned $797

 
ServisFirst Bank Interest Earned $1,026

 

 

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:
0.56%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 78
2 20,111 112 78
3 20,223 112 79
4 20,335 113 79
5 20,448 113 79
6 20,561 114 80
7 20,675 115 80
8 20,790 115 81
9 20,905 116 81
10 21,021 117 82
TOTAL: $1,138 $797

ServisFirst Bank Scenario

Rate:
0.71%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 142 99
2 20,142 143 100
3 20,285 144 101
4 20,429 145 102
5 20,574 146 102
6 20,720 147 103
7 20,867 148 104
8 21,015 149 104
9 21,165 150 105
10 21,315 151 106
TOTAL: $1,466 $1,026

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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