Compound Interest Calculator
CD 2-year Account from The First National Bank in Sioux Falls with 0.34% APY and $10,000 minimum deposit

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The product CD 2-year Account from The First National Bank in Sioux Falls with 0.34% 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 $20,690. The interest earned would be $690 and the tax amount on the interest earned would be approximately $207.

Please note that this product is available in South Dakota 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 in Sioux Falls

Savings Boost of
$-464 over 10 years

Cash Savings $20,000

Average Interest Earned $947

The First National Bank in Sioux Falls Interest Earned $483

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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: 0.66%	Annual Interest	Annual Interest (After Tax)
1	20,000	131	92
2	20,131	132	93
3	20,264	133	93
4	20,397	134	94
5	20,531	135	94
6	20,666	136	95
7	20,801	137	96
8	20,938	138	96
9	21,076	138	97
10	21,214	139	98
	TOTAL:	$1,354	$947

The First National Bank in Sioux Falls Scenario

	Rate: 0.34%	Annual Interest	Annual Interest (After Tax)
1	20,000	68	48
2	20,068	68	48
3	20,136	68	48
4	20,205	69	48
5	20,273	69	48
6	20,342	69	48
7	20,411	69	49
8	20,481	70	49
9	20,551	70	49
10	20,620	70	49
	TOTAL:	$690	$483

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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Compound Interest Calculator CD 2-year Account from The First National Bank in Sioux Falls with 0.34% APY and $10,000 minimum deposit