Compound Interest Calculator
CD 1-year Account from First Savings Bank with 0.20% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from First Savings Bank with 0.20% 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 $20,404. The interest earned would be $404 and the tax amount on the interest earned would be approximately $121.

Please note that this product is available in Indiana 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 Savings Bank

Savings Boost of
$-510 over 10 years
Cash Savings $20,000
Average Interest Earned $792

 
First Savings Bank Interest Earned $283

 

 

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 Savings Bank Scenario

Rate:
0.20%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 40 28
2 20,040 40 28
3 20,080 40 28
4 20,120 40 28
5 20,160 40 28
6 20,201 40 28
7 20,241 40 28
8 20,282 41 28
9 20,322 41 28
10 20,363 41 29
TOTAL: $404 $283

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.



Featured CD Rates

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Customer Reviews for First Savings Bank


  • April 1, 2020 |

    We had a terrible experience with Extreme Loan we were refinancing our home on home on March 6, 2020. We were told that we would be locked in at 3% with no closing costs or points. My mortgage representative, Ray, didn't lock in the loan and instead put me on a float. This is known as a bait and switch tactic. I received a call from Marla, on March 30 that the loan increased to 3.250 with additional fees and points at $7000. I talked with the branch manager, Ryan, and he said that he couldn't do any better. In 36 years of senior management, I have never seen such a poorly run office in MI. They claim to be extremely honest, fast, and easy. I'm sure that I'm not going to hear from First Savings bank to discuss this matter. I recommended my neighbor to use them and she had the same experience, the bait and switch. Ryan, doesn't seem to care about customers or customer service and thus forgets where his income stems from. To him companies come first as opposed to the customer and I can't believe that he won't honor the deal made on March 6, 2020. Overall I would rate my experience and the company as very poor.


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