The product CD 4-year Account from Allegiance Bank with 0.70% APY and $100,000 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 Texas and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| Rate: 0.81% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 163 | 114 |
| 2 | 20,163 | 164 | 115 |
| 3 | 20,327 | 165 | 116 |
| 4 | 20,492 | 167 | 117 |
| 5 | 20,658 | 168 | 118 |
| 6 | 20,826 | 169 | 119 |
| 7 | 20,996 | 171 | 119 |
| 8 | 21,166 | 172 | 120 |
| 9 | 21,338 | 173 | 121 |
| 10 | 21,512 | 175 | 122 |
| TOTAL: | $1,687 | $1,181 |
| 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 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$50,000 |
Learn More | |
|
Last change: ↑0.25% on October 28. |
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|
|
4.91% |
$25,000 |
Learn More | |
|
Last change: ↓0.09% on October 17. |
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|
|
4.90% |
$10,000 |
Learn More | |
|
Last change: ↓0.15% on September 6. |
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|
|
4.80% |
$50,000 |
Learn More | |
|
Last change: ↑0.20% on October 28. |
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|
|
4.75% |
$1,500 |
Learn More | |
|
Last change: ↓0.25% on October 16. |
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Customer Reviews for Stellar Bank
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September 7, 2023 |
Went to Stellar bank off Bay Area yesterday 8/6/23. I was 1 minute late, but a gentleman let me in and instructed me to a lady to my left. Unfortunately, the ONLY words to me that she said was "just to let you know, we close at 5). No "hello", no "how are you", no "what can I do for you". Why would ANYONE want to go do business with a bank with people like this? If I wanted to be treated poorly I would go see my Ex.... It was Unbelievable the way she acted and and talked to a potential customer. Don't think that I will be doing business with them, BUT, I will go back just to get her name and post it. I shall return.....
The one star given is for the gentleman that let me in. Thank you.....
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