Compound Interest Calculator
Savings Account from GENUINE PARTS with 1.26% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from GENUINE PARTS with 1.26% APY and $2,500 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 $22,659. The interest earned would be $2,659 and the tax amount on the interest earned would be approximately $798.

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

The Results for GENUINE PARTS

Savings Boost of
$1,543 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
GENUINE PARTS Interest Earned $1,861

 

 

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

GENUINE PARTS Scenario

Rate:
1.26%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 251 176
2 20,251 254 178
3 20,506 258 180
4 20,763 261 183
5 21,024 264 185
6 21,288 267 187
7 21,555 271 190
8 21,826 274 192
9 22,100 278 194
10 22,378 281 197
TOTAL: $2,659 $1,861

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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