Compound Interest Calculator
CD 5-year Account from The Citizens First National Bank of Storm Lake with 0.77% APY and $10,000 minimum deposit

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The product CD 5-year Account from The Citizens First National Bank of Storm Lake with 0.77% APY and $10,000 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 $21,594. The interest earned would be $1,594 and the tax amount on the interest earned would be approximately $478.

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

The Results for The Citizens First National Bank of Storm Lake

Savings Boost of
$-219 over 10 years

Cash Savings $20,000

Average Interest Earned $1,335

The Citizens First National Bank of Storm Lake Interest Earned $1,116

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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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	183	128
2	20,183	185	129
3	20,368	186	130
4	20,554	188	132
5	20,742	190	133
6	20,932	192	134
7	21,123	193	135
8	21,317	195	137
9	21,512	197	138
10	21,709	199	139
	TOTAL:	$1,907	$1,335

The Citizens First National Bank of Storm Lake Scenario

	Rate: 0.77%	Annual Interest	Annual Interest (After Tax)
1	20,000	154	108
2	20,154	155	109
3	20,309	156	109
4	20,466	158	110
5	20,623	159	111
6	20,782	160	112
7	20,942	161	113
8	21,103	162	114
9	21,266	164	115
10	21,429	165	116
	TOTAL:	$1,594	$1,116

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Compound Interest Calculator CD 5-year Account from The Citizens First National Bank of Storm Lake with 0.77% APY and $10,000 minimum deposit