Compound Interest Calculator
CD 1-year Account from Bank of Hindman with 0.86% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from Bank of Hindman with 0.86% 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 $21,788. The interest earned would be $1,788 and the tax amount on the interest earned would be approximately $536.

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

The Results for Bank of Hindman

Savings Boost of
$458 over 10 years
Cash Savings $20,000
Average Interest Earned $794

 
Bank of Hindman Interest Earned $1,252

 

 

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:
0.55%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 77
2 20,111 111 78
3 20,222 112 78
4 20,334 112 79
5 20,446 113 79
6 20,559 114 80
7 20,673 114 80
8 20,787 115 80
9 20,902 116 81
10 21,018 116 81
TOTAL: $1,134 $794

Bank of Hindman Scenario

Rate:
0.86%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 172 120
2 20,172 173 121
3 20,345 175 122
4 20,520 176 124
5 20,697 178 125
6 20,875 180 126
7 21,054 181 127
8 21,236 183 128
9 21,418 184 129
10 21,602 186 130
TOTAL: $1,788 $1,252

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.



Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.