Compound Interest Calculator
CD 1-year Account from Mainstreet Community Bank of Florida with 0.50% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from Mainstreet Community Bank of Florida with 0.50% 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 $21,023. The interest earned would be $1,023 and the tax amount on the interest earned would be approximately $307.

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

The Results for Mainstreet Community Bank of Florida

Savings Boost of
$-79 over 10 years
Cash Savings $20,000
Average Interest Earned $795

 
Mainstreet Community Bank of Florida Interest Earned $716

 

 

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 78
2 20,111 111 78
3 20,222 112 78
4 20,334 113 79
5 20,447 113 79
6 20,560 114 80
7 20,674 115 80
8 20,789 115 81
9 20,904 116 81
10 21,020 116 82
TOTAL: $1,136 $795

Mainstreet Community Bank of Florida Scenario

Rate:
0.50%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 100 70
2 20,100 101 70
3 20,201 101 71
4 20,302 102 71
5 20,403 102 71
6 20,505 103 72
7 20,608 103 72
8 20,711 104 72
9 20,814 104 73
10 20,918 105 73
TOTAL: $1,023 $716

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.



Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

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

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for Mainstreet Community Bank of Florida


  • April 1, 2022 |

    This bank is the absolute worst along with [name redacted] and [name redacted]. Their communication is horrible, they lie and are negligent. They told me I was approved for a commercial loan so I moved forward with putting a LARGE non-refundable deposit down on a property only to find out 24 hours after that they could not move forward on the loan. They do not answer their phone, they are not timely manner and the reasons for disapproving the commercial loan were not accurate only trying to brush me off after messing around with 10s of thousands of dollars of mine.

  • January 29, 2022 |

    CDs 18 Month Rates

    Wonderful bank, great staff. Very competitive rates. We really appreciate the help from the staff at the Holly Hill location.

  • January 11, 2019 |

    1/2 star this Bank takes advantage of this Commercial Customer. I had a loan and my tenant in my building failed our contract agreement. This Bank charged me 18% interest. After 50 years of Banking I never would of believed they would raise my rate to 18%. To further my complaint they blamed their Atty Atty. HG Paul and when I called Atty. Paul he blamed the Bank! B.S. from both they don’t deserve any stars, they failed the Customer. Paul Kerouac Sr.


Add Your Review


or use your BestCashCow account

or