Compound Interest Calculator
CD 2-year Account from FANNIN with 1.31% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from FANNIN with 1.31% 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 $22,775. The interest earned would be $2,775 and the tax amount on the interest earned would be approximately $833.

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

The Results for FANNIN

Savings Boost of
$995 over 10 years
Cash Savings $20,000
Average Interest Earned $947

 
FANNIN Interest Earned $1,943

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 131 92
2 20,131 132 93
3 20,264 133 93
4 20,397 134 94
5 20,531 135 94
6 20,666 136 95
7 20,801 137 96
8 20,938 138 96
9 21,076 138 97
10 21,214 139 98
TOTAL: $1,354 $947

FANNIN Scenario

Rate:
1.31%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 262 183
2 20,262 265 186
3 20,527 268 188
4 20,795 272 190
5 21,067 276 193
6 21,343 279 195
7 21,622 283 198
8 21,905 287 201
9 22,191 290 203
10 22,481 294 206
TOTAL: $2,775 $1,943

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 Fannin


  • May 20, 2022

    Avoid this bank! After almost 20 years as a customer with multiple auto and other loans paid on time, Car Max gave us a better rate which shows they could care less about loyalty. Debit cards constantly hacked (and you have to fight with them to get your money back), new ones started peeling within days, most apps won't take them. Takes them forever to post debits or credits to your account and say nothing's been sent to them, website always down, bank statements jacked up, teller Jarrod rude and argumentative. Go with First United like we did. Night and day.


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