Compound Interest Calculator
CD 35-month Account from Firstrust Savings Bank with 2.75% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product CD 35-month Account from Firstrust Savings Bank with 2.75% APY and $2,500 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 $26,233. The interest earned would be $6,233 and the tax amount on the interest earned would be approximately $1,870.

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 Firstrust Savings Bank

Savings Boost of
$4,045 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Firstrust Savings Bank Interest Earned $4,363

 

 

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:
0.23%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 45 32
2 20,045 45 32
3 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

Firstrust Savings Bank Scenario

Rate:
2.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 550 385
2 20,550 565 396
3 21,115 581 406
4 21,696 597 418
5 22,292 613 429
6 22,905 630 441
7 23,535 647 453
8 24,183 665 466
9 24,848 683 478
10 25,531 702 491
TOTAL: $6,233 $4,363

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 2.75%
November 11, 2024 2.80%
September 30, 2024 2.85%
August 31, 2024 3.25%
January 30, 2024 3.45%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.09% on December 7.
6 Month Jumbo CD.

Last change: ↑0.25% on November 25.

Last change: ↑0.70% on December 7.

Last change: ↓0.05% on December 4.