Compound Interest Calculator
CD 5-year Account from FRANKLIN-SOMERSET with 0.85% APY and $100,000 minimum deposit

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The product CD 5-year Account from FRANKLIN-SOMERSET with 0.85% 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 $21,775. The interest earned would be $1,775 and the tax amount on the interest earned would be approximately $533.

Please note that this product is available in Maine and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for FRANKLIN-SOMERSET

Savings Boost of
$-95 over 10 years

Cash Savings $20,000

Average Interest Earned $1,338

FRANKLIN-SOMERSET Interest Earned $1,243

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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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	183	128
2	20,183	185	130
3	20,368	187	131
4	20,555	188	132
5	20,744	190	133
6	20,934	192	134
7	21,126	194	136
8	21,320	196	137
9	21,515	197	138
10	21,712	199	139
	TOTAL:	$1,912	$1,338

FRANKLIN-SOMERSET Scenario

	Rate: 0.85%	Annual Interest	Annual Interest (After Tax)
1	20,000	171	120
2	20,171	172	121
3	20,343	174	122
4	20,517	175	123
5	20,692	177	124
6	20,869	178	125
7	21,047	180	126
8	21,227	181	127
9	21,408	183	128
10	21,591	184	129
	TOTAL:	$1,775	$1,243

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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 5-year Account from FRANKLIN-SOMERSET with 0.85% APY and $100,000 minimum deposit