Compound Interest Calculator
CD 3-year Account from First State Bank of Texas with 1.38% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from First State Bank of Texas with 1.38% APY and $100,000 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 $22,929. The interest earned would be $2,929 and the tax amount on the interest earned would be approximately $879.

Please note that this product is available in Texas 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 State Bank of Texas

Savings Boost of
$958 over 10 years
Cash Savings $20,000
Average Interest Earned $1,092

 
First State Bank of Texas Interest Earned $2,050

 

 

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:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 151 106
2 20,151 152 106
3 20,303 153 107
4 20,456 154 108
5 20,610 155 109
6 20,765 157 110
7 20,922 158 110
8 21,080 159 111
9 21,239 160 112
10 21,399 161 113
TOTAL: $1,560 $1,092

First State Bank of Texas Scenario

Rate:
1.38%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 275 193
2 20,275 279 195
3 20,554 283 198
4 20,837 287 201
5 21,124 291 203
6 21,414 295 206
7 21,709 299 209
8 22,008 303 212
9 22,311 307 215
10 22,618 311 218
TOTAL: $2,929 $2,050

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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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