Compound Interest Calculator
CD 18-month Account from MidFirst Bank with 0.20% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 18-month Account from MidFirst Bank with 0.20% APY and $1,000 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 $20,404. The interest earned would be $404 and the tax amount on the interest earned would be approximately $121.

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 MidFirst Bank

Savings Boost of
$-37 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
MidFirst Bank Interest Earned $283

 

 

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 20,091 45 32
4 20,136 46 32
5 20,181 46 32
6 20,227 46 32
7 20,273 46 32
8 20,319 46 32
9 20,364 46 32
10 20,410 46 32
TOTAL: $457 $320

MidFirst Bank Scenario

Rate:
0.20%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 40 28
2 20,040 40 28
3 20,080 40 28
4 20,120 40 28
5 20,160 40 28
6 20,201 40 28
7 20,241 40 28
8 20,282 41 28
9 20,322 41 28
10 20,363 41 29
TOTAL: $404 $283

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 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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