Compound Interest Calculator
CD 2-year Account from First National Bank of Pennsylvania with 0.50% APY and $10,000 minimum deposit

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The product CD 2-year Account from First National Bank of Pennsylvania with 0.50% 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 $21,023. The interest earned would be $1,023 and the tax amount on the interest earned would be approximately $307.

Please note that this product is available in Ohio 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 National Bank of Pennsylvania

Savings Boost of
$-234 over 10 years

Cash Savings $20,000

Average Interest Earned $950

First National Bank of Pennsylvania Interest Earned $716

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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	132	92
2	20,132	133	93
3	20,264	134	93
4	20,398	134	94
5	20,532	135	95
6	20,668	136	95
7	20,804	137	96
8	20,941	138	97
9	21,079	139	97
10	21,218	140	98
	TOTAL:	$1,358	$950

First National Bank of Pennsylvania Scenario

	Rate: 0.50%	Annual Interest	Annual Interest (After Tax)
1	20,000	100	70
2	20,100	101	70
3	20,201	101	71
4	20,302	102	71
5	20,403	102	71
6	20,505	103	72
7	20,608	103	72
8	20,711	104	72
9	20,814	104	73
10	20,918	105	73
	TOTAL:	$1,023	$716

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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 National Bank of Pennsylvania

Mark

April 21, 2020 |

Your information is very inaccurate. Interest rates are a fraction of 1%. Call the bank yourself.

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Compound Interest Calculator CD 2-year Account from First National Bank of Pennsylvania with 0.50% APY and $10,000 minimum deposit