Compound Interest Calculator
CD 1-year Account from FERGUSON with 1.16% APY and $10,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

FERGUSON Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 1-year Account from FERGUSON with 1.16% 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 $22,436. The interest earned would be $2,436 and the tax amount on the interest earned would be approximately $731.

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

The Results for FERGUSON

Savings Boost of
$911 over 10 years

Cash Savings $20,000

Average Interest Earned $794

FERGUSON Interest Earned $1,705

Compare

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: 0.55%	Annual Interest	Annual Interest (After Tax)
1	20,000	111	77
2	20,111	111	78
3	20,222	112	78
4	20,334	112	79
5	20,446	113	79
6	20,559	114	80
7	20,673	114	80
8	20,787	115	80
9	20,902	116	81
10	21,018	116	81
	TOTAL:	$1,134	$794

FERGUSON Scenario

	Rate: 1.16%	Annual Interest	Annual Interest (After Tax)
1	20,000	231	162
2	20,231	234	164
3	20,465	237	166
4	20,702	239	168
5	20,941	242	169
6	21,183	245	171
7	21,428	248	173
8	21,676	251	175
9	21,926	253	177
10	22,180	256	179
	TOTAL:	$2,436	$1,705

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^?
My e-Banc, a division of Bradesco BAC Florida Bank	5.00%	$50,000	Learn More
Last change: ↑0.25% on October 28. 6 Month Jumbo CD.
TotalDirect, a division of City National Bank of Florida	4.91%	$25,000	Learn More
Last change: ↓0.09% on October 17. 3 Month CD.
Norwood Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
Prime Alliance Bank	4.90%	$500	Learn More
Last change: ↓0.05% on September 27.
Bask Bank, a division of Texas Capital Bank	4.90%	$1,000	Learn More
Last change: ↓0.10% on October 1.

Compound Interest Calculator CD 1-year Account from FERGUSON with 1.16% APY and $10,000 minimum deposit