Compound Interest Calculator
CD 4-year Account from First Century Bank with 0.94% APY and $10,000 minimum deposit

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The product CD 4-year Account from First Century Bank with 0.94% 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 $21,962. The interest earned would be $1,962 and the tax amount on the interest earned would be approximately $588.

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
$194 over 10 years

Cash Savings $20,000

Average Interest Earned $1,179

First Century Bank Interest Earned $1,373

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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: 0.81%	Annual Interest	Annual Interest (After Tax)
1	20,000	162	114
2	20,162	164	115
3	20,326	165	116
4	20,491	166	116
5	20,658	168	117
6	20,825	169	118
7	20,994	170	119
8	21,165	172	120
9	21,337	173	121
10	21,510	175	122
	TOTAL:	$1,685	$1,179

First Century Bank Scenario

	Rate: 0.94%	Annual Interest	Annual Interest (After Tax)
1	20,000	188	132
2	20,188	190	133
3	20,378	192	134
4	20,569	193	135
5	20,763	195	137
6	20,958	197	138
7	21,155	199	139
8	21,354	201	141
9	21,554	203	142
10	21,757	205	143
	TOTAL:	$1,962	$1,373

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 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 4-year Account from First Century Bank with 0.94% APY and $10,000 minimum deposit