Compound Interest Calculator
CD 5-year Account from 1st Colonial Community Bank with 1.86% APY and $500 minimum deposit

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The product CD 5-year Account from 1st Colonial Community Bank with 1.86% APY and $500 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 $24,047. The interest earned would be $4,047 and the tax amount on the interest earned would be approximately $1,214.

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 1st Colonial Community Bank

Savings Boost of
$1,494 over 10 years

Cash Savings $20,000

Average Interest Earned $1,340

1st Colonial Community Bank Interest Earned $2,833

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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	184	129
2	20,184	185	130
3	20,369	187	131
4	20,556	189	132
5	20,745	190	133
6	20,935	192	135
7	21,127	194	136
8	21,321	196	137
9	21,517	198	138
10	21,714	199	140
	TOTAL:	$1,914	$1,340

1st Colonial Community Bank Scenario

	Rate: 1.86%	Annual Interest	Annual Interest (After Tax)
1	20,000	372	260
2	20,372	379	265
3	20,751	386	270
4	21,137	393	275
5	21,530	400	280
6	21,930	408	286
7	22,338	415	291
8	22,754	423	296
9	23,177	431	302
10	23,608	439	307
	TOTAL:	$4,047	$2,833

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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
August 20, 2023	1.86%

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Compound Interest Calculator CD 5-year Account from 1st Colonial Community Bank with 1.86% APY and $500 minimum deposit