Compound Interest Calculator
CD 1-year Account from FIRST CHOICE with 0.91% APY and $10,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

FIRST CHOICE Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 1-year Account from FIRST CHOICE with 0.91% 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 $21,896. The interest earned would be $1,896 and the tax amount on the interest earned would be approximately $569.

Please note that this product is available in Wisconsin 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 CHOICE

Savings Boost of
$535 over 10 years

Cash Savings $20,000

Average Interest Earned $792

FIRST CHOICE Interest Earned $1,327

Compare

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: 0.55%	Annual Interest	Annual Interest (After Tax)
1	20,000	110	77
2	20,110	111	78
3	20,221	112	78
4	20,333	112	79
5	20,445	113	79
6	20,558	113	79
7	20,672	114	80
8	20,786	115	80
9	20,900	115	81
10	21,016	116	81
	TOTAL:	$1,132	$792

FIRST CHOICE Scenario

	Rate: 0.91%	Annual Interest	Annual Interest (After Tax)
1	20,000	182	127
2	20,182	184	129
3	20,366	185	130
4	20,551	187	131
5	20,738	189	132
6	20,927	190	133
7	21,117	192	135
8	21,309	194	136
9	21,503	196	137
10	21,699	197	138
	TOTAL:	$1,896	$1,327

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.

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
My e-Banc, a division of Bradesco BAC Florida Bank	5.00%	$50,000	Learn More
Last change: ↑0.25% on October 28. 6 Month Jumbo CD.
TotalDirect, a division of City National Bank of Florida	4.91%	$25,000	Learn More
Last change: ↓0.09% on October 17. 3 Month CD.
OneLocal Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
My e-Banc, a division of Bradesco BAC Florida Bank	4.80%	$50,000	Learn More
Last change: ↑0.20% on October 28. Early Withdrawal Penalty is 3 months interest.
Bread Savings, a division of Bread Financial	4.75%	$1,500	Learn More
Last change: ↓0.25% on October 16.

Compound Interest Calculator CD 1-year Account from FIRST CHOICE with 0.91% APY and $10,000 minimum deposit