Compound Interest Calculator
Bank of Utah with 0.10% APY and $25,000 minimum deposit



Use or Change These Amounts and Rates

The product Bank of Utah with 0.10% APY and $25,000 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 $20,201. The interest earned would be $201 and the tax amount on the interest earned would be approximately $60.

Please note that this product is available in Utah 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 Utah

Savings Boost of
$-178 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
Bank of Utah Interest Earned $141

 

 

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 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

Bank of Utah Scenario

Rate:
0.10%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 20 14
2 20,020 20 14
3 20,040 20 14
4 20,060 20 14
5 20,080 20 14
6 20,100 20 14
7 20,120 20 14
8 20,140 20 14
9 20,161 20 14
10 20,181 20 14
TOTAL: $201 $141

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?

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3 Month CD.

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Last change: ↓0.10% on October 1.



Customer Reviews for Bank of Utah


  • August 3, 2017 |

    CDs 60 Month Rates

    BoU's Bountiful branch on 5th W 1st S today had a sign posted outside listing CDs at 3.00% for 12 mos and 4.75% for 60 mos. However, no one would answer or return calls at this branch and the bank's Roy branch was stunned to learn of its sister branch's changed rates. Calls to the Bountiful Branch Manager to verify went unanswered, as well. ????? We'd rate 5 stars if their A-frame double-sided CD rates are, indeed, factual, but only two stars for their inaccessibility and neglect in returning and / or answering calls, even from sister branches who tried with us on the line to verify their rates.


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