Compound Interest Calculator
CD 30-month Account from Anderson Brothers Bank with 0.75% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 30-month Account from Anderson Brothers Bank with 0.75% APY and $10,000 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 $21,552. The interest earned would be $1,552 and the tax amount on the interest earned would be approximately $465.

Please note that this product is available in South Carolina and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for Anderson Brothers Bank

Savings Boost of
$768 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Anderson Brothers Bank Interest Earned $1,086

 

 

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:
0.23%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 32
2 20,045 45 32
3 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

Anderson Brothers Bank Scenario

Rate:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 150 105
2 20,150 151 106
3 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

Take Action

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.



Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.09% on December 7.
6 Month Jumbo CD.

Last change: ↑0.25% on November 25.

Last change: ↑0.70% on December 7.

Last change: ↓0.05% on December 4.



Customer Reviews for Anderson Brothers Bank


  • February 18, 2021

    I have had my car loan through Anderson Brothers for 8 months now. I have been paying on time, but I pulled my annual credit report and notice they haven't been reporting. Im very upset about this. I need answers.

  • February 1, 2021

    This bank resembles a loan shark. They do not work with folks who have had troubles and try to make things right. No matter how hard to try to resolve an issue in a forthright manner they refuse and want to profit by making you suffer. Have never had an experience like this with any bank.

  • June 2, 2016

    I have called, returned statement and mailed you letters about this issue. You kept sending statements to Joseph Nance Greene for Checking account that has no money in it and he had request you to stop sending _0_ statements. I have called, written and email telling you he no longer lives at this address and I do not know his address. As we ask him to move.

    PLEASE QUIT SENDING STATEMENTS FOR JOSEPH N GREENE TO 4101 O LD PORTMAN ROAD - Anderson, sc 29626. STOP


Add Your Review


or use your BestCashCow account

or