Compound Interest Calculator
CD 5-year Account from First National Bank of America with 3.83% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from First National Bank of America with 3.83% APY and $1,000 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 $29,125. The interest earned would be $9,125 and the tax amount on the interest earned would be approximately $2,737.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for First National Bank of America

Savings Boost of
$5,052 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
First National Bank of America Interest Earned $6,387

 

 

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:
0.92%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 185 129
3 20,368 186 130
4 20,554 188 132
5 20,742 190 133
6 20,932 192 134
7 21,123 193 135
8 21,317 195 137
9 21,512 197 138
10 21,709 199 139
TOTAL: $1,907 $1,335

First National Bank of America Scenario

Rate:
3.83%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 766 536
2 20,766 795 557
3 21,561 826 578
4 22,387 857 600
5 23,245 890 623
6 24,135 924 647
7 25,059 960 672
8 26,019 997 698
9 27,015 1,035 724
10 28,050 1,074 752
TOTAL: $9,125 $6,387

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.


Recent Rate Changes



Date APY
August 31, 2024 3.83%
August 16, 2024 4.17%
January 19, 2024 4.55%
January 9, 2024 4.65%
October 3, 2023 4.75%
August 20, 2023 4.65%


Featured CD Rates

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Customer Reviews for First National Bank of America


  • October 16, 2020

    HAVE BEEN CALLING YOUR
    MORTGAGE DEPARTMENT ON "ITIN" LOANS AND HAVE NOT GOT A HUMAN PERSON TO ANSWER OR
    RETURN MY PHONE CALLS.
    WHAT IS HAPPEN?
    PLEASE ADVISE.
    THANK YOU,


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