Compound Interest Calculator
CD 2-year Account from The First National Bank with 0.39% APY and $1,000 minimum deposit

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The First National Bank Rate (%):

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The product CD 2-year Account from The First National Bank with 0.39% APY and $1,000 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 $20,794. The interest earned would be $794 and the tax amount on the interest earned would be approximately $238.

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

Our records indicate that this institution has been acquired by Washington Savings Bank.

The Results for The First National Bank

Savings Boost of
$-392 over 10 years

Cash Savings $20,000

Average Interest Earned $947

The First National Bank Interest Earned $556

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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 Scenario

	Rate: 0.39%	Annual Interest	Annual Interest (After Tax)
1	20,000	78	55
2	20,078	78	55
3	20,156	79	55
4	20,235	79	55
5	20,314	79	55
6	20,393	80	56
7	20,473	80	56
8	20,552	80	56
9	20,633	80	56
10	20,713	81	57
	TOTAL:	$794	$556

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 with 0.39% APY and $1,000 minimum deposit