Compound Interest Calculator
CD 1-year Account from The First National Bank of Sterling City with 0.35% APY and $10,000 minimum deposit

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The First National Bank of Sterling City Rate (%):

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The product CD 1-year Account from The First National Bank of Sterling City 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 $20,711. The interest earned would be $711 and the tax amount on the interest earned would be approximately $213.

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 Sterling City

Savings Boost of
$-299 over 10 years

Cash Savings $20,000

Average Interest Earned $797

The First National Bank of Sterling City Interest Earned $498

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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: 0.56%	Annual Interest	Annual Interest (After Tax)
1	20,000	111	78
2	20,111	112	78
3	20,223	112	79
4	20,335	113	79
5	20,448	113	79
6	20,561	114	80
7	20,675	115	80
8	20,790	115	81
9	20,905	116	81
10	21,021	117	82
	TOTAL:	$1,138	$797

The First National Bank of Sterling City Scenario

	Rate: 0.35%	Annual Interest	Annual Interest (After Tax)
1	20,000	70	49
2	20,070	70	49
3	20,140	70	49
4	20,211	71	50
5	20,281	71	50
6	20,352	71	50
7	20,424	71	50
8	20,495	72	50
9	20,567	72	50
10	20,639	72	51
	TOTAL:	$711	$498

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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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Compound Interest Calculator CD 1-year Account from The First National Bank of Sterling City with 0.35% APY and $10,000 minimum deposit