Compound Interest Calculator
CD 5-year Account from The First National Bank of Hughes Springs with 0.35% APY and $10,000 minimum deposit

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The First National Bank of Hughes Springs Rate (%):

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The product CD 5-year Account from The First National Bank of Hughes Springs with 0.35% 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 $20,713. The interest earned would be $713 and the tax amount on the interest earned would be approximately $214.

Please note that this product is available in Texas 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 of Hughes Springs

Savings Boost of
$-836 over 10 years

Cash Savings $20,000

Average Interest Earned $1,335

The First National Bank of Hughes Springs Interest Earned $499

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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 First National Bank of Hughes Springs Scenario

	Rate: 0.35%	Annual Interest	Annual Interest (After Tax)
1	20,000	70	49
2	20,070	70	49
3	20,141	71	49
4	20,211	71	50
5	20,282	71	50
6	20,353	71	50
7	20,425	72	50
8	20,497	72	50
9	20,569	72	51
10	20,641	72	51
	TOTAL:	$713	$499

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Compound Interest Calculator CD 5-year Account from The First National Bank of Hughes Springs with 0.35% APY and $10,000 minimum deposit