Compound Interest Calculator
CD Account from The Farmers State Bank with 0.15% APY



Use or Change These Amounts and Rates

The product CD Account from The Farmers State Bank with 0.15% APY 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 $20,302. The interest earned would be $302 and the tax amount on the interest earned would be approximately $91.

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 State Bank

Savings Boost of
$-584 over 10 years
Cash Savings $20,000
Average Interest Earned $795

 
The Farmers State Bank Interest Earned $211

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 78
2 20,111 111 78
3 20,222 112 78
4 20,334 113 79
5 20,447 113 79
6 20,560 114 80
7 20,674 115 80
8 20,789 115 81
9 20,904 116 81
10 21,020 116 82
TOTAL: $1,136 $795

The Farmers State Bank Scenario

Rate:
0.15%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 30 21
2 20,030 30 21
3 20,060 30 21
4 20,090 30 21
5 20,120 30 21
6 20,150 30 21
7 20,181 30 21
8 20,211 30 21
9 20,241 30 21
10 20,272 30 21
TOTAL: $302 $211

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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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ONLINE BANKS APY? MIN?

Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

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