Compound Interest Calculator
CD 4-year Account from The Citizens First National Bank of Storm Lake with 0.53% APY and $100,000 minimum deposit

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The product CD 4-year Account from The Citizens First National Bank of Storm Lake with 0.53% 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 $21,086. The interest earned would be $1,086 and the tax amount on the interest earned would be approximately $326.

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

The Results for The Citizens First National Bank of Storm Lake

Savings Boost of
$-628 over 10 years

Cash Savings $20,000

Average Interest Earned $1,388

The Citizens First National Bank of Storm Lake Interest Earned $760

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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: 0.95%	Annual Interest	Annual Interest (After Tax)
1	20,000	190	133
2	20,190	192	134
3	20,382	194	136
4	20,575	195	137
5	20,771	197	138
6	20,968	199	139
7	21,167	201	141
8	21,369	203	142
9	21,572	205	143
10	21,776	207	145
	TOTAL:	$1,983	$1,388

The Citizens First National Bank of Storm Lake Scenario

	Rate: 0.53%	Annual Interest	Annual Interest (After Tax)
1	20,000	106	74
2	20,106	107	75
3	20,213	107	75
4	20,320	108	75
5	20,427	108	76
6	20,536	109	76
7	20,644	109	77
8	20,754	110	77
9	20,864	111	77
10	20,974	111	78
	TOTAL:	$1,086	$760

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Compound Interest Calculator CD 4-year Account from The Citizens First National Bank of Storm Lake with 0.53% APY and $100,000 minimum deposit