Compound Interest Calculator
CD 2-year Account from CLB The Community Bank with 0.80% APY and $10,000 minimum deposit

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The product CD 2-year Account from CLB The Community Bank with 0.80% 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 $21,665. The interest earned would be $1,665 and the tax amount on the interest earned would be approximately $500.

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

The Results for CLB The Community Bank

Savings Boost of
$214 over 10 years

Cash Savings $20,000

Average Interest Earned $952

CLB The Community Bank Interest Earned $1,166

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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: 0.66%	Annual Interest	Annual Interest (After Tax)
1	20,000	132	92
2	20,132	133	93
3	20,265	134	94
4	20,399	135	94
5	20,533	136	95
6	20,669	136	95
7	20,805	137	96
8	20,942	138	97
9	21,081	139	97
10	21,220	140	98
	TOTAL:	$1,360	$952

CLB The Community Bank Scenario

	Rate: 0.80%	Annual Interest	Annual Interest (After Tax)
1	20,000	161	112
2	20,161	162	113
3	20,322	163	114
4	20,486	165	115
5	20,650	166	116
6	20,816	167	117
7	20,983	168	118
8	21,152	170	119
9	21,321	171	120
10	21,493	173	121
	TOTAL:	$1,665	$1,166

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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 2-year Account from CLB The Community Bank with 0.80% APY and $10,000 minimum deposit