Compound Interest Calculator
CD 6-month Account from MidFirst Bank with 1.10% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 6-month Account from MidFirst Bank with 1.10% 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 $22,312. The interest earned would be $2,312 and the tax amount on the interest earned would be approximately $694.

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

The Results for MidFirst Bank

Savings Boost of
$1,300 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
MidFirst Bank Interest Earned $1,619

 

 

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

MidFirst Bank Scenario

Rate:
1.10%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 220 154
2 20,220 222 156
3 20,442 225 157
4 20,667 227 159
5 20,895 230 161
6 21,124 232 163
7 21,357 235 164
8 21,592 238 166
9 21,829 240 168
10 22,069 243 170
TOTAL: $2,312 $1,619

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

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Customer Reviews for MidFirst Bank


  • June 17, 2022

    Savings Rates

    Midfirst doesn't seem to encourage any accounts other than checking. I have two. I've tried opening others, but they talk me out of it every single time.

  • July 9, 2021 |

    "Vio" application process is defective, I used to work on bank security so truthfully responded. Requires documentation which I sent in at length and then got denied because of unknown reasons. Have excellent credit>>800.

  • April 13, 2021 |

    Great bank. No problems easy to set up. Been a customer for 3 years. Midfirst/ Vio great people.


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