Compound Interest Calculator
CD 11-month Account from Peak Bank, a division of Idaho First Bank with 4.16% APY and $1,000 minimum deposit

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The product CD 11-month Account from Peak Bank, a division of Idaho First Bank with 4.16% 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 $30,064. The interest earned would be $10,064 and the tax amount on the interest earned would be approximately $3,019.

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

The Results for Peak Bank, a division of Idaho First Bank

Savings Boost of
$6,726 over 10 years

Cash Savings $20,000

Average Interest Earned $318

Peak Bank, a division of Idaho First Bank Interest Earned $7,044

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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: 0.23%	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

Peak Bank, a division of Idaho First Bank Scenario

	Rate: 4.16%	Annual Interest	Annual Interest (After Tax)
1	20,000	832	582
2	20,832	867	607
3	21,699	903	632
4	22,601	940	658
5	23,541	979	686
6	24,521	1,020	714
7	25,541	1,063	744
8	26,603	1,107	775
9	27,710	1,153	807
10	28,863	1,201	840
	TOTAL:	$10,064	$7,044

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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.

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Customer Reviews for Peak Bank, a division of Idaho First Bank

Gary Smith

January 28, 2025 |

Online Savings Rates

4.75% is an introductory rate and they are not openly clear about that. Don't expect 4.75% to continue. They are otherwise competitive.

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Compound Interest Calculator CD 11-month Account from Peak Bank, a division of Idaho First Bank with 4.16% APY and $1,000 minimum deposit