Compound Interest Calculator
CD 2-year Account from First Montana Bank, Inc. with 0.59% APY and $10,000 minimum deposit

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The product CD 2-year Account from First Montana Bank, Inc. with 0.59% 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 $21,212. The interest earned would be $1,212 and the tax amount on the interest earned would be approximately $364.

Please note that this product is available in Montana 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 Montana Bank, Inc.

Savings Boost of
$-99 over 10 years

Cash Savings $20,000

Average Interest Earned $947

First Montana Bank, Inc. Interest Earned $848

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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: 0.66%	Annual Interest	Annual Interest (After Tax)
1	20,000	131	92
2	20,131	132	93
3	20,264	133	93
4	20,397	134	94
5	20,531	135	94
6	20,666	136	95
7	20,801	137	96
8	20,938	138	96
9	21,076	138	97
10	21,214	139	98
	TOTAL:	$1,354	$947

First Montana Bank, Inc. Scenario

	Rate: 0.59%	Annual Interest	Annual Interest (After Tax)
1	20,000	118	83
2	20,118	119	83
3	20,237	119	84
4	20,356	120	84
5	20,476	121	85
6	20,597	122	85
7	20,719	122	86
8	20,841	123	86
9	20,964	124	87
10	21,087	124	87
	TOTAL:	$1,212	$848

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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 Montana Bank, Inc.

Mollyt

July 13, 2022

Your online banking is not work is there something wrong with the website the is the second time. I g
Could not loc.on

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Compound Interest Calculator CD 2-year Account from First Montana Bank, Inc. with 0.59% APY and $10,000 minimum deposit