Compound Interest Calculator
CD 5-year Account from Elizabethton Federal Savings Bank with 2.15% APY and $500 minimum deposit

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The product CD 5-year Account from Elizabethton Federal Savings Bank with 2.15% 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 $24,741. The interest earned would be $4,741 and the tax amount on the interest earned would be approximately $1,422.

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 Elizabethton Federal Savings Bank

Savings Boost of
$1,984 over 10 years

Cash Savings $20,000

Average Interest Earned $1,335

Elizabethton Federal Savings Bank Interest Earned $3,319

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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	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

Elizabethton Federal Savings Bank Scenario

	Rate: 2.15%	Annual Interest	Annual Interest (After Tax)
1	20,000	430	301
2	20,430	439	307
3	20,869	449	314
4	21,318	458	321
5	21,776	468	328
6	22,244	478	335
7	22,723	489	342
8	23,211	499	349
9	23,710	510	357
10	24,220	521	365
	TOTAL:	$4,741	$3,319

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Compound Interest Calculator CD 5-year Account from Elizabethton Federal Savings Bank with 2.15% APY and $500 minimum deposit