Compound Interest Calculator
CD 3-year Account from The First National Bank and Trust Company of Miami with 0.70% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from The First National Bank and Trust Company of Miami with 0.70% 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 $21,445. The interest earned would be $1,445 and the tax amount on the interest earned would be approximately $433.

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 The First National Bank and Trust Company of Miami

Savings Boost of
$-75 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
The First National Bank and Trust Company of Miami Interest Earned $1,011

 

 

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:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 150 105
2 20,150 151 106
3 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

The First National Bank and Trust Company of Miami Scenario

Rate:
0.70%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 140 98
2 20,140 141 99
3 20,281 142 99
4 20,423 143 100
5 20,566 144 101
6 20,710 145 101
7 20,855 146 102
8 21,001 147 103
9 21,148 148 104
10 21,296 149 104
TOTAL: $1,445 $1,011

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 The First National Bank and Trust Company of Miami


  • January 12, 2023 |

    so really, I know that 0 real shits are given but the chance at persuading even a single person would make this worth my while and granted everyone's experience is not the same.
    I've been doing business with First National Bank here in Miami since I was 15, so 21 years. a four wheeler, a few car loans and a couple of home refinances which brings us to about 5 years ago. I was just coming out of a relationship and fell onto some difficult times so much so that a truck, which was through the dealership, had gotten repossessed as well as my credit score dropping drastically as to be expected. during this time I had made an effort to support our local bank, kept in contact even personally went in and talked to the VP about everything that was going on and the hardships that I had been going through all while still keeping up on my payments, aside from maybe 30 days late, but still put forth my best effort to stay in good standings with our local bank.
    fast forward a few years
    I had finally found light at the end of the tunnel and finances were being taken care of and so I made another appearance and spoke with the VP and still once again explained everything to him as well as having the money to pay off a loan that I had with them the entire time. I ask the VP what I could do to show good faith and he informed me that I could switch over to a secured loan, I'm guessing so they could collect interest on me rather than just paying off the loan, and so I did. approx 2 years later with my credit coming back up but still not that great I go in to try to get a loan for a $6000 truck for transportation and as expected I got denied because my score was too low. I can mildly understand that so okay. well 6 months later with a credit score that qualifies, I go in and ask for a loan on some commercial property, ask for around 30% less than the property is worth as well as my now wife on the application with me with a reasonable debt to income ratio and I get denied. after 20+ years of business and making sure I communicated while still managing to keep the local bank paid, I get denied. the property was worth approx 90,000 and I was asking for 65k plus they also wanted my home for collateral which would make it under 30% of the value and they came back and said that they could give me 40,000..... very aggravating so please consider this if you think that helping support a local business or more so First National Bank.


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