Compound Interest Calculator
ALTURA with 1.12% APY and $0 minimum deposit

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The product ALTURA with 1.12% APY and $0 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 $22,356. The interest earned would be $2,356 and the tax amount on the interest earned would be approximately $707.

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

The Results for ALTURA

Savings Boost of
$1,330 over 10 years

Cash Savings $20,000

Average Interest Earned $320

ALTURA Interest Earned $1,649

Compare

See comparison detail table

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: 0.23%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	32
2	20,045	45	32
3	20,091	45	32
4	20,136	46	32
5	20,181	46	32
6	20,227	46	32
7	20,273	46	32
8	20,319	46	32
9	20,364	46	32
10	20,410	46	32
	TOTAL:	$457	$320

ALTURA Scenario

	Rate: 1.12%	Annual Interest	Annual Interest (After Tax)
1	20,000	224	157
2	20,224	227	159
3	20,451	229	160
4	20,680	232	162
5	20,911	234	164
6	21,145	237	166
7	21,382	239	168
8	21,622	242	170
9	21,864	245	171
10	22,109	248	173
	TOTAL:	$2,356	$1,649

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.

Recent Rate Changes

Date	APY
December 5, 2023	1.12%
November 3, 2023	1.10%
October 3, 2023	1.05%
September 5, 2023	1.00%
August 20, 2023	0.95%

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
TotalDirect, a division of City National Bank of Florida	4.91%	$25,000	Learn More
Last change: ↓0.09% on October 17. 3 Month CD.
OneLocal Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
My e-Banc, a division of Bradesco BAC Florida Bank	4.80%	$50,000	Learn More
Last change: ↓0.09% on December 7. 6 Month Jumbo CD.
Finworth, a division of InsBank	4.75%	$50,000	Learn More
Last change: ↑0.25% on November 25.
Rising Bank, a division of Midwest BankCentre	4.70%	$1,000	Learn More
Last change: ↑0.70% on December 7.

Compound Interest Calculator ALTURA with 1.12% APY and $0 minimum deposit