Compound Interest Calculator
CD 4-year Account from First Federal Bank with 0.24% APY and $10,000 minimum deposit

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The product CD 4-year Account from First Federal Bank with 0.24% 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 $20,485. The interest earned would be $485 and the tax amount on the interest earned would be approximately $146.

Please note that this product is available in Florida 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 Federal Bank

Savings Boost of
$-841 over 10 years

Cash Savings $20,000

Average Interest Earned $1,181

First Federal Bank Interest Earned $340

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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	163	114
2	20,163	164	115
3	20,327	165	116
4	20,492	167	117
5	20,658	168	118
6	20,826	169	119
7	20,996	171	119
8	21,166	172	120
9	21,338	173	121
10	21,512	175	122
	TOTAL:	$1,687	$1,181

First Federal Bank Scenario

	Rate: 0.24%	Annual Interest	Annual Interest (After Tax)
1	20,000	48	34
2	20,048	48	34
3	20,096	48	34
4	20,144	48	34
5	20,193	48	34
6	20,241	49	34
7	20,290	49	34
8	20,338	49	34
9	20,387	49	34
10	20,436	49	34
	TOTAL:	$485	$340

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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Compound Interest Calculator CD 4-year Account from First Federal Bank with 0.24% APY and $10,000 minimum deposit