Compound Interest Calculator
CD 5-year Account from Frazer Bank with 0.95% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from Frazer Bank with 0.95% APY and $10,000 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 $21,983. The interest earned would be $1,983 and the tax amount on the interest earned would be approximately $595.

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

The Results for Frazer Bank

Savings Boost of
$53 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
Frazer Bank Interest Earned $1,388

 

 

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 20,183 185 129
3 20,368 186 130
4 20,554 188 132
5 20,742 190 133
6 20,932 192 134
7 21,123 193 135
8 21,317 195 137
9 21,512 197 138
10 21,709 199 139
TOTAL: $1,907 $1,335

Frazer Bank Scenario

Rate:
0.95%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 190 133
2 20,190 192 134
3 20,382 194 136
4 20,575 195 137
5 20,771 197 138
6 20,968 199 139
7 21,167 201 141
8 21,369 203 142
9 21,572 205 143
10 21,776 207 145
TOTAL: $1,983 $1,388

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 Frazer Bank


  • November 23, 2019

    Recently applied for a loan. I was denied. Got the letter stating why, it has things checked like foreclosure and garnishment. I know I never had either. I get a copy of my report. Doesn't show any foreclosures or garnishment. I also was told I had a lot of debt on there. A LOT. there's only six. Two are in good standing, two are medical, that's not supposed to count against me anyways, one is being disputed because they already got their money. I think it's pretty sorry to bold face lie to deny someone a loan. Really don't want to, but, I'm considering changing banks. Ridiculous.


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