Compound Interest Calculator
CD 30-month Account from Citizens and Farmers Bank with 0.40% APY and $10,000 minimum deposit

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The product CD 30-month Account from Citizens and Farmers Bank with 0.40% 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 $20,815. The interest earned would be $815 and the tax amount on the interest earned would be approximately $244.

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

The Results for Citizens and Farmers Bank

Savings Boost of
$253 over 10 years

Cash Savings $20,000

Average Interest Earned $317

Citizens and Farmers Bank Interest Earned $570

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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: 0.22%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	31
2	20,045	45	31
3	20,090	45	32
4	20,135	45	32
5	20,180	45	32
6	20,225	45	32
7	20,270	45	32
8	20,316	46	32
9	20,361	46	32
10	20,407	46	32
	TOTAL:	$453	$317

Citizens and Farmers Bank Scenario

	Rate: 0.40%	Annual Interest	Annual Interest (After Tax)
1	20,000	80	56
2	20,080	80	56
3	20,160	81	56
4	20,241	81	57
5	20,322	81	57
6	20,403	82	57
7	20,485	82	57
8	20,567	82	58
9	20,649	83	58
10	20,732	83	58
	TOTAL:	$815	$570

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Compound Interest Calculator CD 30-month Account from Citizens and Farmers Bank with 0.40% APY and $10,000 minimum deposit