Compound Interest Calculator
Savings Account from FANNIN with 0.50% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from FANNIN with 0.50% APY and $2,500 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 $21,023. The interest earned would be $1,023 and the tax amount on the interest earned would be approximately $307.

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
$396 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
FANNIN Interest Earned $716

 

 

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:
0.23%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 32
2 20,045 45 32
3 20,091 45 32
4 20,136 46 32
5 20,181 46 32
6 20,227 46 32
7 20,273 46 32
8 20,319 46 32
9 20,364 46 32
10 20,410 46 32
TOTAL: $457 $320

FANNIN Scenario

Rate:
0.50%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 100 70
2 20,100 101 70
3 20,201 101 71
4 20,302 102 71
5 20,403 102 71
6 20,505 103 72
7 20,608 103 72
8 20,711 104 72
9 20,814 104 73
10 20,918 105 73
TOTAL: $1,023 $716

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: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.

Last change: ↓0.25% on October 16.



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