Compound Interest Calculator
CD 4-year Account from Mid Penn Bank with 4.05% APY and $500 minimum deposit

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The product CD 4-year Account from Mid Penn Bank with 4.05% APY and $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 $29,748. The interest earned would be $9,748 and the tax amount on the interest earned would be approximately $2,924.

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

The Results for Mid Penn Bank

Savings Boost of
$5,639 over 10 years

Cash Savings $20,000

Average Interest Earned $1,184

Mid Penn Bank Interest Earned $6,823

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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: 0.82%	Annual Interest	Annual Interest (After Tax)
1	20,000	163	114
2	20,163	164	115
3	20,327	166	116
4	20,493	167	117
5	20,660	168	118
6	20,828	170	119
7	20,998	171	120
8	21,169	173	121
9	21,342	174	122
10	21,516	175	123
	TOTAL:	$1,691	$1,184

Mid Penn Bank Scenario

	Rate: 4.05%	Annual Interest	Annual Interest (After Tax)
1	20,000	810	567
2	20,810	843	590
3	21,653	877	614
4	22,530	912	639
5	23,442	949	665
6	24,392	988	692
7	25,379	1,028	720
8	26,407	1,069	749
9	27,477	1,113	779
10	28,590	1,158	811
	TOTAL:	$9,748	$6,823

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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.

Recent Rate Changes

Date	APY
August 20, 2023	4.05%

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Compound Interest Calculator CD 4-year Account from Mid Penn Bank with 4.05% APY and $500 minimum deposit