The product CD 3-year Account from FIRST ABILENE with 0.60% APY and $100,000 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 $21,233. The interest earned would be $1,233 and the tax amount on the interest earned would be approximately $370.
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.
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.
| 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 |
| Rate: 0.60% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 120 | 84 |
| 2 | 20,120 | 121 | 85 |
| 3 | 20,241 | 121 | 85 |
| 4 | 20,362 | 122 | 86 |
| 5 | 20,484 | 123 | 86 |
| 6 | 20,607 | 124 | 87 |
| 7 | 20,731 | 124 | 87 |
| 8 | 20,855 | 125 | 88 |
| 9 | 20,980 | 126 | 88 |
| 10 | 21,106 | 127 | 89 |
| TOTAL: | $1,233 | $863 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$50,000 |
Learn More | |
|
Last change: ↑0.25% on October 28. |
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|
|
4.91% |
$25,000 |
Learn More | |
|
Last change: ↓0.09% on October 17. |
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|
|
4.90% |
$10,000 |
Learn More | |
|
Last change: ↓0.15% on September 6. |
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|
|
4.80% |
$50,000 |
Learn More | |
|
Last change: ↑0.20% on October 28. |
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|
|
4.75% |
$1,500 |
Learn More | |
|
Last change: ↓0.25% on October 16. |
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Customer Reviews for First Watch
JS
July 9, 2022 |
This is the worst credit union I have ever worked with. I have been a member of several other credit unions over the years and loved them. I moved to Abilene and opened an account with First Abilene FCU and it was terrible from that point on. Instead being welcoming and helpful to new members they treat you like a criminal. They robotically follow every little rule, limit your deposits, hold your deposits and generally make your life miserable. Example: When making remote deposits, the back of checks now have a box to check that says "This is a remote Deposit To" and fill in the name. It is even on FBFCU's own checks. But, they would not accept my deposit because their rules say it has to be written on the check. When it was pointed out that even their checks use this, they said it did not matter because it is their requirement. Just one of many examples of their LACK OF PUTTING THE CUSTOMER FIRST POLICIES!
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