Compound Interest Calculator
CD 1-year Account from First Central State Bank with 0.15% APY and $100,000 minimum deposit

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The product CD 1-year Account from First Central State Bank with 0.15% 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 $20,302. The interest earned would be $302 and the tax amount on the interest earned would be approximately $91.

Please note that this product is available in Iowa 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 Central State Bank

Savings Boost of
$-591 over 10 years

Cash Savings $20,000

Average Interest Earned $803

First Central State Bank Interest Earned $211

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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: 0.56%	Annual Interest	Annual Interest (After Tax)
1	20,000	112	78
2	20,112	112	79
3	20,224	113	79
4	20,337	114	80
5	20,451	114	80
6	20,565	115	80
7	20,680	116	81
8	20,796	116	81
9	20,912	117	82
10	21,029	118	82
	TOTAL:	$1,147	$803

First Central State Bank Scenario

	Rate: 0.15%	Annual Interest	Annual Interest (After Tax)
1	20,000	30	21
2	20,030	30	21
3	20,060	30	21
4	20,090	30	21
5	20,120	30	21
6	20,150	30	21
7	20,181	30	21
8	20,211	30	21
9	20,241	30	21
10	20,272	30	21
	TOTAL:	$302	$211

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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 Central State Bank

RICHARD DiSANTIS

August 1, 2016

Good question...I am out-of-state and would like to take advantage of your rates...my deposits would surely help your bank...

Is this review helpful? Yes:0 / No: 0
dorothy blagg

August 1, 2016

Can you join FIRST CENTRAL STATE BANK for online banking? I am sure other people would like to know?

Is this review helpful? Yes:2 / No: 0

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Compound Interest Calculator CD 1-year Account from First Central State Bank with 0.15% APY and $100,000 minimum deposit