Compound Interest Calculator
CD 30-month Account from First Federal Savings and Loan Association of Central Illinois, S.B. with 1.01% APY and $100,000 minimum deposit

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The product CD 30-month Account from First Federal Savings and Loan Association of Central Illinois, S.B. with 1.01% 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 $22,114. The interest earned would be $2,114 and the tax amount on the interest earned would be approximately $634.

Please note that this product is available in Illinois 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 Savings and Loan Association of Central Illinois, S.B.

Savings Boost of
$1,162 over 10 years

Cash Savings $20,000

Average Interest Earned $318

First Federal Savings and Loan Association of Central Illinois, S.B. Interest Earned $1,480

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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: 0.23%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	32
2	20,045	45	32
3	20,090	45	32
4	20,135	45	32
5	20,181	45	32
6	20,226	46	32
7	20,272	46	32
8	20,317	46	32
9	20,363	46	32
10	20,409	46	32
	TOTAL:	$455	$318

First Federal Savings and Loan Association of Central Illinois, S.B. Scenario

	Rate: 1.01%	Annual Interest	Annual Interest (After Tax)
1	20,000	202	141
2	20,202	204	143
3	20,406	206	144
4	20,612	208	146
5	20,820	210	147
6	21,031	212	149
7	21,243	215	150
8	21,458	217	152
9	21,674	219	153
10	21,893	221	155
	TOTAL:	$2,114	$1,480

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Compound Interest Calculator CD 30-month Account from First Federal Savings and Loan Association of Central Illinois, S.B. with 1.01% APY and $100,000 minimum deposit