Compound Interest Calculator
CD 5-year Account from Bank of Zumbrota with 0.99% APY and $10,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Bank of Zumbrota Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 5-year Account from Bank of Zumbrota with 0.99% APY and $10,000 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 $22,071. The interest earned would be $2,071 and the tax amount on the interest earned would be approximately $621.

Please note that this product is available in Minnesota 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 Frandsen Bank & Trust.

The Results for Bank of Zumbrota

Savings Boost of
$113 over 10 years

Cash Savings $20,000

Average Interest Earned $1,337

Bank of Zumbrota Interest Earned $1,449

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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	183	128
2	20,183	185	129
3	20,368	187	131
4	20,555	188	132
5	20,743	190	133
6	20,933	192	134
7	21,125	194	135
8	21,318	195	137
9	21,513	197	138
10	21,711	199	139
	TOTAL:	$1,909	$1,337

Bank of Zumbrota Scenario

	Rate: 0.99%	Annual Interest	Annual Interest (After Tax)
1	20,000	198	139
2	20,198	200	140
3	20,398	202	141
4	20,600	204	143
5	20,804	206	144
6	21,010	208	146
7	21,218	210	147
8	21,428	212	148
9	21,640	214	150
10	21,854	216	151
	TOTAL:	$2,071	$1,449

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^?
Brilliant Bank, a division of Equity Bank	4.60%	$1,000	Learn More
Last change: ↓0.50% on October 1, 2024.
My e-Banc, a division of Bradesco BAC Florida Bank	4.55%	$50,000	Learn More
Last change: ↓0.10% on February 9. 6 Month Jumbo CD.
Brilliant Bank, a division of Equity Bank	4.55%	$1,000	Learn More
Last change: ↓0.50% on October 1, 2024.
TotalDirect, a division of City National Bank of Florida	4.51%	$25,000	Learn More
Last change: ↓0.10% on February 17. 3 Month CD.
TotalDirect, a division of City National Bank of Florida	4.50%	$25,000	Learn More
Last change: ↓0.85% on August 7, 2024. Early Withdrawal Penalty is 6 months interest.

Compound Interest Calculator CD 5-year Account from Bank of Zumbrota with 0.99% APY and $10,000 minimum deposit