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

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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
$960 over 10 years

Cash Savings $20,000

Average Interest Earned $1,091

First State Bank of Texas Interest Earned $2,050

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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: 0.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	151	105
2	20,151	152	106
3	20,302	153	107
4	20,455	154	108
5	20,609	155	109
6	20,764	156	109
7	20,921	158	110
8	21,078	159	111
9	21,237	160	112
10	21,397	161	113
	TOTAL:	$1,558	$1,091

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