Compound Interest Calculator
CD 5-year Account from Anderson Brothers Bank with 1.21% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from Anderson Brothers Bank with 1.21% 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 $22,556. The interest earned would be $2,556 and the tax amount on the interest earned would be approximately $767.

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
$454 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
Anderson Brothers Bank Interest Earned $1,789

 

 

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:
0.92%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 185 129
3 20,368 186 130
4 20,554 188 132
5 20,742 190 133
6 20,932 192 134
7 21,123 193 135
8 21,317 195 137
9 21,512 197 138
10 21,709 199 139
TOTAL: $1,907 $1,335

Anderson Brothers Bank Scenario

Rate:
1.21%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 242 169
2 20,242 245 171
3 20,487 248 174
4 20,735 251 176
5 20,986 254 178
6 21,240 257 180
7 21,497 260 182
8 21,757 263 184
9 22,020 266 187
10 22,286 270 189
TOTAL: $2,556 $1,789

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.



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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


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