Compound Interest Calculator
CD 4-year Account from First Bank & Trust with 0.60% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from First Bank & Trust 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 Minnesota 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 & Trust

Savings Boost of
$-318 over 10 years
Cash Savings $20,000
Average Interest Earned $1,181

 
First Bank & Trust Interest Earned $863

 

 

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:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 163 114
2 20,163 164 115
3 20,327 165 116
4 20,492 167 117
5 20,658 168 118
6 20,826 169 119
7 20,996 171 119
8 21,166 172 120
9 21,338 173 121
10 21,512 175 122
TOTAL: $1,687 $1,181

First Bank & Trust Scenario

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

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.



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Customer Reviews for First Bank & Trust


  • January 12, 2023

    Everything will be fine until you have a problem with a charge. I have been disputing an unauthorized charge for nine months without any resolution. I haven't been presented any evidence in that time that the charge is valid-and the balance is once again showing that I owe it. They seem to have a strategy of making it as hard as possible to communicate by offering only mail and fax to communicate with their different deadlines. Also, customer service will make it as hard as possible as well to solve the issue by simply just hanging -up, with one day hanging-up on me 5 times. It's hard to believe there is any investigation at all regarding my unauthorized charge-they just want you to go away. I have had to file a complaint with the FDIC for help in dealing with this bank's credit card department in hopes of resolving this before I terminate the account. Do not use this bank.

  • January 7, 2023 |

    Everything will be fine until you have a problem with a charge. I have been disputing an unauthorized charge for nine months with no resolution. I haven't been presented any evidence in that time that the charge is valid-and the balance is once again showing that I owe it. They seem to have a strategy of making it as hard as possible to communicate by offering only mail and fax to communicate with their different deadlines. Also, customer service will make it as hard as possible as well to solve the issue by simply just hanging -up, with one day hanging-up on me 5 times. It's hard to believe there is any investigation at all regarding my unauthorized charge-they just want you to go away. I have had to file a complaint with the FDIC for help in dealing with this bank's credit card department in hopes of resolving this before I terminate the account. Do not use this bank.


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