Compound Interest Calculator
CD 3-year Account from FANNIN with 1.61% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from FANNIN with 1.61% 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 $23,468. The interest earned would be $3,468 and the tax amount on the interest earned would be approximately $1,040.

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
$1,342 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
FANNIN Interest Earned $2,428

 

 

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:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 150 105
2 20,150 151 106
3 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

FANNIN Scenario

Rate:
1.61%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 322 226
2 20,322 328 229
3 20,650 333 233
4 20,983 338 237
5 21,321 344 241
6 21,665 349 244
7 22,014 355 248
8 22,369 361 252
9 22,730 366 256
10 23,096 372 261
TOTAL: $3,468 $2,428

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?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



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.


Add Your Review


or use your BestCashCow account

or