Compound Interest Calculator
CD 30-month Account from FIRST CLASS AMERICAN with 0.95% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 30-month Account from FIRST CLASS AMERICAN with 0.95% 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 $21,992. The interest earned would be $1,992 and the tax amount on the interest earned would be approximately $598.

Please note that this product is available in Texas and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

Our records indicate that this institution has been acquired by UNITED TEXAS.

The Results for FIRST CLASS AMERICAN

Savings Boost of
$1,075 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
FIRST CLASS AMERICAN Interest Earned $1,394

 

 

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 20,091 45 32
4 20,136 46 32
5 20,181 46 32
6 20,227 46 32
7 20,273 46 32
8 20,319 46 32
9 20,364 46 32
10 20,410 46 32
TOTAL: $457 $320

FIRST CLASS AMERICAN Scenario

Rate:
0.95%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 191 134
2 20,191 193 135
3 20,383 194 136
4 20,578 196 137
5 20,774 198 139
6 20,972 200 140
7 21,172 202 141
8 21,374 204 143
9 21,578 206 144
10 21,784 208 145
TOTAL: $1,992 $1,394

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?

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.09% on December 7.
6 Month Jumbo CD.

Last change: ↑0.25% on November 25.

Last change: ↑0.70% on December 7.