Compound Interest Calculator
CD 5-year Account from Bank of Franklin County with 1.11% APY and $10,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Bank of Franklin County Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 5-year Account from Bank of Franklin County with 1.11% 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 $22,334. The interest earned would be $2,334 and the tax amount on the interest earned would be approximately $700.

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

The Results for Bank of Franklin County

Savings Boost of
$297 over 10 years

Cash Savings $20,000

Average Interest Earned $1,337

Bank of Franklin County Interest Earned $1,634

Compare

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	187	131
4	20,555	188	132
5	20,743	190	133
6	20,933	192	134
7	21,125	194	135
8	21,318	195	137
9	21,513	197	138
10	21,711	199	139
	TOTAL:	$1,909	$1,337

Bank of Franklin County Scenario

	Rate: 1.11%	Annual Interest	Annual Interest (After Tax)
1	20,000	222	155
2	20,222	224	157
3	20,446	227	159
4	20,673	229	161
5	20,903	232	162
6	21,135	235	164
7	21,370	237	166
8	21,607	240	168
9	21,847	242	170
10	22,089	245	172
	TOTAL:	$2,334	$1,634

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^?
Brilliant Bank, a division of Equity Bank	4.60%	$1,000	Learn More
Last change: ↓0.50% on October 1, 2024.
My e-Banc, a division of Bradesco BAC Florida Bank	4.55%	$50,000	Learn More
Last change: ↓0.10% on February 9. 6 Month Jumbo CD.
Brilliant Bank, a division of Equity Bank	4.55%	$1,000	Learn More
Last change: ↓0.50% on October 1, 2024.
TotalDirect, a division of City National Bank of Florida	4.51%	$25,000	Learn More
Last change: ↓0.10% on February 17. 3 Month CD.
TotalDirect, a division of City National Bank of Florida	4.50%	$25,000	Learn More
Last change: ↓0.85% on August 7, 2024. Early Withdrawal Penalty is 6 months interest.

Compound Interest Calculator CD 5-year Account from Bank of Franklin County with 1.11% APY and $10,000 minimum deposit