Compound Interest Calculator
CD 5-year Account from First Federal Bank with 0.15% APY and $10,000 minimum deposit

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The product CD 5-year Account from First Federal Bank with 0.15% 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 $20,302. The interest earned would be $302 and the tax amount on the interest earned would be approximately $91.

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 Federal Bank

Savings Boost of
$-1,127 over 10 years

Cash Savings $20,000

Average Interest Earned $1,338

First Federal Bank Interest Earned $211

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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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	183	128
2	20,183	185	130
3	20,368	187	131
4	20,555	188	132
5	20,744	190	133
6	20,934	192	134
7	21,126	194	136
8	21,320	196	137
9	21,515	197	138
10	21,712	199	139
	TOTAL:	$1,912	$1,338

First Federal Bank Scenario

	Rate: 0.15%	Annual Interest	Annual Interest (After Tax)
1	20,000	30	21
2	20,030	30	21
3	20,060	30	21
4	20,090	30	21
5	20,120	30	21
6	20,150	30	21
7	20,181	30	21
8	20,211	30	21
9	20,241	30	21
10	20,272	30	21
	TOTAL:	$302	$211

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 Federal Bank

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December 5, 2018

This bank is telling me that an IRA CD is only 0.90%

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Compound Interest Calculator CD 5-year Account from First Federal Bank with 0.15% APY and $10,000 minimum deposit