Compound Interest Calculator
CD 18-month Account from ServisFirst Bank with 0.71% APY and $100,000 minimum deposit

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The product CD 18-month Account from ServisFirst Bank with 0.71% 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 $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 Tennessee 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
$718 over 10 years

Cash Savings $20,000

Average Interest Earned $308

ServisFirst Bank Interest Earned $1,026

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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: 0.22%	Annual Interest	Annual Interest (After Tax)
1	20,000	44	31
2	20,044	44	31
3	20,087	44	31
4	20,131	44	31
5	20,175	44	31
6	20,219	44	31
7	20,263	44	31
8	20,307	44	31
9	20,351	44	31
10	20,396	44	31
	TOTAL:	$440	$308

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

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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 18-month Account from ServisFirst Bank with 0.71% APY and $100,000 minimum deposit