Compound Interest Calculator
CD 5-year Account from The Farmers Bank of Appomattox with 2.50% APY and $100,000 minimum deposit

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The Farmers Bank of Appomattox Rate (%):

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The product CD 5-year Account from The Farmers Bank of Appomattox with 2.50% 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 $25,602. The interest earned would be $5,602 and the tax amount on the interest earned would be approximately $1,681.

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 The Farmers Bank of Appomattox

Savings Boost of
$2,574 over 10 years

Cash Savings $20,000

Average Interest Earned $1,347

The Farmers Bank of Appomattox Interest Earned $3,921

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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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	185	129
2	20,185	186	130
3	20,371	188	132
4	20,559	190	133
5	20,749	192	134
6	20,940	193	135
7	21,133	195	137
8	21,329	197	138
9	21,525	199	139
10	21,724	201	140
	TOTAL:	$1,925	$1,347

The Farmers Bank of Appomattox Scenario

	Rate: 2.50%	Annual Interest	Annual Interest (After Tax)
1	20,000	500	350
2	20,500	513	359
3	21,013	525	368
4	21,538	538	377
5	22,076	552	386
6	22,628	566	396
7	23,194	580	406
8	23,774	594	416
9	24,368	609	426
10	24,977	624	437
	TOTAL:	$5,602	$3,921

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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.

Recent Rate Changes

Date	APY
November 10, 2025	2.50%
November 3, 2025	2.15%
June 3, 2024	2.85%
February 9, 2024	3.00%

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Compound Interest Calculator CD 5-year Account from The Farmers Bank of Appomattox with 2.50% APY and $100,000 minimum deposit