Compound Interest Calculator
CD 18-month Account from First Century Bank with 0.52% APY and $10,000 minimum deposit

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The product CD 18-month Account from First Century Bank with 0.52% 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 $21,065. The interest earned would be $1,065 and the tax amount on the interest earned would be approximately $319.

Please note that this product is available in Tennessee 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 Century Bank

Savings Boost of
$427 over 10 years

Cash Savings $20,000

Average Interest Earned $318

First Century Bank Interest Earned $745

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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 Century Bank Scenario

	Rate: 0.52%	Annual Interest	Annual Interest (After Tax)
1	20,000	104	73
2	20,104	105	73
3	20,209	105	74
4	20,314	106	74
5	20,419	106	74
6	20,525	107	75
7	20,632	107	75
8	20,739	108	75
9	20,847	108	76
10	20,956	109	76
	TOTAL:	$1,065	$745

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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 Century Bank

Rand

March 1, 2021

And yet again. Two more CD rates offered on this date only on this site not by the bank.

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Compound Interest Calculator CD 18-month Account from First Century Bank with 0.52% APY and $10,000 minimum deposit