Compound Interest Calculator
CD 30-month Account from First Bank of the Lake with 4.15% APY and $5,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 30-month Account from First Bank of the Lake with 4.15% APY and $5,000 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 $30,035. The interest earned would be $10,035 and the tax amount on the interest earned would be approximately $3,010.

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

The Results for First Bank of the Lake

Savings Boost of
$6,706 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
First Bank of the Lake Interest Earned $7,024

 

 

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 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

First Bank of the Lake Scenario

Rate:
4.15%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 830 581
2 20,830 864 605
3 21,694 900 630
4 22,595 938 656
5 23,532 977 684
6 24,509 1,017 712
7 25,526 1,059 742
8 26,586 1,103 772
9 27,689 1,149 804
10 28,838 1,197 838
TOTAL: $10,035 $7,024

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.


Recent Rate Changes



Date APY
September 22, 2024 4.15%
September 22, 2024 4.25%
September 13, 2024 4.15%
September 13, 2024 4.25%
September 6, 2024 4.15%
September 6, 2024 4.25%
August 31, 2024 4.15%
August 31, 2024 4.25%
August 16, 2024 4.15%
August 16, 2024 4.25%
August 7, 2024 4.65%
August 7, 2024 4.90%
August 2, 2024 4.65%
April 19, 2024 4.90%
March 26, 2024 4.25%
March 26, 2024 4.90%
March 19, 2024 4.25%
March 15, 2024 4.90%
March 6, 2024 4.25%
March 6, 2024 4.90%
February 23, 2024 4.25%
February 23, 2024 4.90%
February 20, 2024 4.25%
February 20, 2024 4.90%
February 13, 2024 4.25%
February 13, 2024 4.90%
February 9, 2024 4.25%
February 9, 2024 4.90%
February 6, 2024 4.25%
February 6, 2024 4.90%
February 2, 2024 4.25%
February 2, 2024 4.90%
January 30, 2024 4.25%
January 30, 2024 4.90%
January 26, 2024 4.25%
January 26, 2024 4.90%
January 19, 2024 4.25%
January 19, 2024 4.90%
January 16, 2024 4.25%
January 16, 2024 4.90%
January 12, 2024 4.25%
January 12, 2024 4.90%
January 9, 2024 4.25%
January 9, 2024 4.90%
January 5, 2024 4.25%
January 5, 2024 4.90%
January 2, 2024 4.25%
January 2, 2024 4.80%
December 29, 2023 4.25%
December 29, 2023 5.00%
December 22, 2023 4.25%
December 22, 2023 5.00%
December 15, 2023 4.25%
December 15, 2023 5.00%
December 12, 2023 4.25%
December 12, 2023 5.00%
December 8, 2023 4.25%
December 8, 2023 5.00%
December 5, 2023 4.25%
December 5, 2023 5.00%
December 1, 2023 4.25%
December 1, 2023 5.00%
November 28, 2023 4.25%
November 28, 2023 5.00%
November 24, 2023 4.25%
November 24, 2023 5.00%
November 21, 2023 4.25%
November 21, 2023 5.00%
November 17, 2023 4.25%
November 17, 2023 5.00%
November 14, 2023 4.25%
November 14, 2023 5.00%
November 10, 2023 4.25%
November 10, 2023 5.00%
November 3, 2023 4.25%
November 3, 2023 5.00%
October 31, 2023 4.25%
October 31, 2023 5.00%
October 27, 2023 4.25%
October 27, 2023 5.00%
October 24, 2023 4.25%
October 24, 2023 5.00%
October 20, 2023 4.25%
October 20, 2023 5.00%
October 17, 2023 4.25%
October 17, 2023 5.00%
October 13, 2023 4.25%
October 13, 2023 5.00%
October 10, 2023 4.25%
October 10, 2023 5.00%
October 6, 2023 4.25%
October 6, 2023 5.00%
October 3, 2023 4.25%
October 3, 2023 5.00%
September 29, 2023 4.25%
September 29, 2023 5.00%
September 26, 2023 3.75%
September 22, 2023 3.75%
September 22, 2023 4.40%
September 19, 2023 3.75%
September 19, 2023 4.40%
September 15, 2023 3.75%
September 15, 2023 4.40%
September 12, 2023 3.75%
September 12, 2023 4.40%
September 8, 2023 3.75%
September 8, 2023 4.40%
September 5, 2023 3.75%
September 5, 2023 4.40%
September 1, 2023 3.75%
September 1, 2023 4.40%
August 30, 2023 3.75%
August 30, 2023 4.40%
August 18, 2023 3.75%
August 18, 2023 4.40%


Featured CD Rates

ONLINE BANKS APY? MIN?

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

Last change: ↓0.09% on December 7.
6 Month Jumbo CD.

Last change: ↑0.25% on November 25.

Last change: ↑0.70% on December 7.

Last change: ↓0.05% on December 4.



Customer Reviews for First Bank of the Lake


  • June 10, 2021 |

    CDs 42 Month Rates

    I bank at this bank and they have the best people working there They all have a lot of knowledge and most all have been there a long time they do a great job and have the highest CD rates around

  • March 16, 2021

    CDs 12 Month Rates

    Leo thanks for the heads up

  • February 6, 2021 |

    As someone who works in SBA lending at a larger financial institution I am appalled at the lack of service received from this bank. They obviously spent a great deal of money on Google ads for PPP, instead of investing in having sufficient support to execute the influx of applications received.

    No one answers phone lines. No one responds to emails. Completed “pre-application” submitted on 1/13/2020 with all supporting documentation. Then I receive an email on a Friday evening that my application was declined due to lack of documentation (I believe they were more pressed about the negative Tweets I posted tbh).

    It is no wonder they have such negative reviews. A prospective client can’t help but feel like they received the old bait and switch from First Bank.

    Sadly, you are hurting small business owners with your inadequate customer support.

  • January 28, 2021 |

    Worst bank


Add Your Review


or use your BestCashCow account

or