Compound Interest Calculator
CD 1-year Account from First Volunteer Bank with 0.40% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from First Volunteer Bank with 0.40% APY and $1,000 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 $20,815. The interest earned would be $815 and the tax amount on the interest earned would be approximately $244.

Please note that this product is available in Georgia 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 Volunteer Bank

Savings Boost of
$-224 over 10 years
Cash Savings $20,000
Average Interest Earned $794

 
First Volunteer Bank Interest Earned $570

 

 

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 20,000 111 77
2 20,111 111 78
3 20,222 112 78
4 20,334 112 79
5 20,446 113 79
6 20,559 114 80
7 20,673 114 80
8 20,787 115 80
9 20,902 116 81
10 21,018 116 81
TOTAL: $1,134 $794

First Volunteer Bank Scenario

Rate:
0.40%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 80 56
2 20,080 80 56
3 20,160 81 56
4 20,241 81 57
5 20,322 81 57
6 20,403 82 57
7 20,485 82 57
8 20,567 82 58
9 20,649 83 58
10 20,732 83 58
TOTAL: $815 $570

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.



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Customer Reviews for Builtwell Bank


  • September 7, 2023 |

    Builtwell is the wrong name for a formerly great bank, when it was under the First Volunteer name the employees seemed to care a lot more about their local community members. Since they changed to the Builtworse(more accurate), it feels like the bank is attempting to expand at the cost of their local members. Do yourself a favor and don't even consider this bank, they are truly atrocious to work with since the changeover to Builtwell from FV. I'm almost embarassed for them and the employees.

  • March 3, 2023

    I tried to close put my IRA and cds and have had to go at least 4 times to try to get it taken care of. Very frustrating..no apologies for messing up..nothing. Ready to move my accounts

  • December 3, 2022

    Formerly it was Gateway Bank. I had business and personal account with them for a very long time, likewise the rest of the family. Friendly employees and great service, also one of the Board of Directors is a great friend of mine for a very long time.

  • September 22, 2022 |

    CDs 60 Month Rates

    This company doesn't even offer maternity leave to its full time employees. It's privately owned so the owner is just greedy. Worse than any business owner I've ever seen.


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