Compound Interest Calculator
CD 6-month Account from FIRST COMMERCE with 4.65% APY and $1,000 minimum deposit

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The product CD 6-month Account from FIRST COMMERCE with 4.65% APY and $1,000 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 $31,508. The interest earned would be $11,508 and the tax amount on the interest earned would be approximately $3,452.

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

The Results for FIRST COMMERCE

Savings Boost of
$7,736 over 10 years

Cash Savings $20,000

Average Interest Earned $320

FIRST COMMERCE Interest Earned $8,056

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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	20,091	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 COMMERCE Scenario

	Rate: 4.65%	Annual Interest	Annual Interest (After Tax)
1	20,000	930	651
2	20,930	973	681
3	21,903	1,019	713
4	22,922	1,066	746
5	23,988	1,115	781
6	25,103	1,167	817
7	26,270	1,222	855
8	27,492	1,278	895
9	28,770	1,338	936
10	30,108	1,400	980
	TOTAL:	$11,508	$8,056

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.

Recent Rate Changes

Date	APY
November 4, 2024	4.65%
September 22, 2024	1.50%
August 16, 2024	4.75%
August 2, 2024	5.00%
March 6, 2024	5.25%
August 19, 2023	1.50%

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 6-month Account from FIRST COMMERCE with 4.65% APY and $1,000 minimum deposit