Compound Interest Calculator
CD 1-year Account from The Farmers Bank of Appomattox with 2.75% APY and $5,000 minimum deposit

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The Farmers Bank of Appomattox Rate (%):

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The product CD 1-year Account from The Farmers Bank of Appomattox with 2.75% APY and $5,000 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 $26,233. The interest earned would be $6,233 and the tax amount on the interest earned would be approximately $1,870.

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
$3,575 over 10 years

Cash Savings $20,000

Average Interest Earned $788

The Farmers Bank of Appomattox Interest Earned $4,363

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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: 0.55%	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

The Farmers Bank of Appomattox Scenario

	Rate: 2.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	550	385
2	20,550	565	396
3	21,115	581	406
4	21,696	597	418
5	22,292	613	429
6	22,905	630	441
7	23,535	647	453
8	24,183	665	466
9	24,848	683	478
10	25,531	702	491
	TOTAL:	$6,233	$4,363

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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 3, 2025	2.75%
September 29, 2025	3.00%
August 4, 2025	3.25%
July 9, 2025	4.25%
February 9, 2024	3.25%
February 9, 2024	1.00%

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Compound Interest Calculator CD 1-year Account from The Farmers Bank of Appomattox with 2.75% APY and $5,000 minimum deposit