Compound Interest Calculator
CD 1-year Account from The First National Bank of Lawrence County at Walnut Ridge with 0.25% APY and $100,000 minimum deposit

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The product CD 1-year Account from The First National Bank of Lawrence County at Walnut Ridge with 0.25% 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 $20,506. The interest earned would be $506 and the tax amount on the interest earned would be approximately $152.

Please note that this product is available in Arkansas 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 First National Bank of Lawrence County at Walnut Ridge

Savings Boost of
$-450 over 10 years

Cash Savings $20,000

Average Interest Earned $804

The First National Bank of Lawrence County at Walnut Ridge Interest Earned $354

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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: 0.56%	Annual Interest	Annual Interest (After Tax)
1	20,000	112	78
2	20,112	113	79
3	20,225	113	79
4	20,338	114	80
5	20,452	115	80
6	20,566	115	81
7	20,681	116	81
8	20,797	116	82
9	20,914	117	82
10	21,031	118	82
	TOTAL:	$1,149	$804

The First National Bank of Lawrence County at Walnut Ridge Scenario

	Rate: 0.25%	Annual Interest	Annual Interest (After Tax)
1	20,000	50	35
2	20,050	50	35
3	20,100	50	35
4	20,150	50	35
5	20,201	51	35
6	20,251	51	35
7	20,302	51	36
8	20,353	51	36
9	20,404	51	36
10	20,455	51	36
	TOTAL:	$506	$354

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Compound Interest Calculator CD 1-year Account from The First National Bank of Lawrence County at Walnut Ridge with 0.25% APY and $100,000 minimum deposit