Compound Interest Calculator
CD 4-year Account from First National Bank of Scotia with 0.72% APY and $500 minimum deposit

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The product CD 4-year Account from First National Bank of Scotia with 0.72% APY and $500 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 $21,488. The interest earned would be $1,488 and the tax amount on the interest earned would be approximately $446.

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 Scotia

Savings Boost of
$-138 over 10 years

Cash Savings $20,000

Average Interest Earned $1,179

First National Bank of Scotia Interest Earned $1,041

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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: 0.81%	Annual Interest	Annual Interest (After Tax)
1	20,000	162	114
2	20,162	164	115
3	20,326	165	116
4	20,491	166	116
5	20,658	168	117
6	20,825	169	118
7	20,994	170	119
8	21,165	172	120
9	21,337	173	121
10	21,510	175	122
	TOTAL:	$1,685	$1,179

First National Bank of Scotia Scenario

	Rate: 0.72%	Annual Interest	Annual Interest (After Tax)
1	20,000	144	101
2	20,144	145	102
3	20,289	146	102
4	20,435	147	103
5	20,582	148	104
6	20,730	149	104
7	20,880	150	105
8	21,030	151	106
9	21,181	153	107
10	21,334	154	108
	TOTAL:	$1,488	$1,041

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
December 23, 2024	0.72%
November 4, 2024	0.75%
July 1, 2024	0.69%
June 10, 2024	0.67%
December 10, 2023	0.65%

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Customer Reviews for First National Bank of Scotia

Zflash4000

October 1, 2017

Will play games with your account. changing posting dates and times. Will hold direct deposit so you overdraft your account.

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Compound Interest Calculator CD 4-year Account from First National Bank of Scotia with 0.72% APY and $500 minimum deposit