Compound Interest Calculator
CD 3-year Account from Bank Plus with 1.19% APY and $1,000 minimum deposit

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The product CD 3-year Account from Bank Plus with 1.19% APY and $1,000 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 $22,512. The interest earned would be $2,512 and the tax amount on the interest earned would be approximately $753.

Please note that this product is available in Iowa 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 Plus

Savings Boost of
$667 over 10 years

Cash Savings $20,000

Average Interest Earned $1,091

Bank Plus Interest Earned $1,758

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: 0.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	151	105
2	20,151	152	106
3	20,302	153	107
4	20,455	154	108
5	20,609	155	109
6	20,764	156	109
7	20,921	158	110
8	21,078	159	111
9	21,237	160	112
10	21,397	161	113
	TOTAL:	$1,558	$1,091

Bank Plus Scenario

	Rate: 1.19%	Annual Interest	Annual Interest (After Tax)
1	20,000	238	167
2	20,238	241	169
3	20,479	244	171
4	20,723	247	173
5	20,969	250	175
6	21,219	253	177
7	21,471	256	179
8	21,727	259	181
9	21,985	262	183
10	22,247	265	185
	TOTAL:	$2,512	$1,758

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.

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Compound Interest Calculator CD 3-year Account from Bank Plus with 1.19% APY and $1,000 minimum deposit