Compound Interest Calculator
CD 1-year Account from First Federal Savings Bank of Kentucky with 0.40% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from First Federal Savings Bank of Kentucky with 0.40% 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 $20,815. The interest earned would be $815 and the tax amount on the interest earned would be approximately $244.

Please note that this product is available in Kentucky 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 Bank of Kentucky

Savings Boost of
$-222 over 10 years
Cash Savings $20,000
Average Interest Earned $792

 
First Federal Savings Bank of Kentucky Interest Earned $570

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 110 77
2 20,110 111 78
3 20,221 112 78
4 20,333 112 79
5 20,445 113 79
6 20,558 113 79
7 20,672 114 80
8 20,786 115 80
9 20,900 115 81
10 21,016 116 81
TOTAL: $1,132 $792

First Federal Savings Bank of Kentucky Scenario

Rate:
0.40%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 80 56
2 20,080 80 56
3 20,160 81 56
4 20,241 81 57
5 20,322 81 57
6 20,403 82 57
7 20,485 82 57
8 20,567 82 58
9 20,649 83 58
10 20,732 83 58
TOTAL: $815 $570

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 Savings Bank of Kentucky


  • August 17, 2015

    I can only dream about CD rates returning to these levels like the 1970's.

  • August 13, 2015

    Please, contact me for more information about 60mont6h CD rate 13.10% I think that is a misprint.
    My telephone number is 305-562-5284
    Thank you

  • August 11, 2015

    This looks to have been a miskeyed rate. Sorry about that. It has been fixed.

  • August 10, 2015

    The bank's website lists 1.31% for the 5 year CD.

  • August 10, 2015

    Is it a misprint?????


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