Compound Interest Calculator
Savings Account from GN Bank with 0.01% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from GN Bank with 0.01% 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 $20,020. The interest earned would be $20 and the tax amount on the interest earned would be approximately $6.

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

The Results for GN Bank

Savings Boost of
$-306 over 10 years
Cash Savings $20,000
Average Interest Earned $320

 
GN Bank Interest Earned $14

 

 

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 20,091 45 32
4 20,136 46 32
5 20,181 46 32
6 20,227 46 32
7 20,273 46 32
8 20,319 46 32
9 20,364 46 32
10 20,410 46 32
TOTAL: $457 $320

GN Bank Scenario

Rate:
0.01%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 2 1
2 20,002 2 1
3 20,004 2 1
4 20,006 2 1
5 20,008 2 1
6 20,010 2 1
7 20,012 2 1
8 20,014 2 1
9 20,016 2 1
10 20,018 2 1
TOTAL: $20 $14

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?

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.09% on December 7.
6 Month Jumbo CD.

Last change: ↑0.25% on November 25.

Last change: ↑0.70% on December 7.



Customer Reviews for GN Bank


  • June 26, 2019

    On a scale of 1 to 10 GN bank rates a negative 1. While they gladly accept your deposits, they are far from forhright with your withdrawals. Especially if you are withdrawing large sums of money or closing your accounts. Despite written instructions funds for an external transfer were deposited into a GN account delaying receiving funds by up to a week. This is only one of several horror tales. PLEASE BANK ELSEWHERE.


Add Your Review


or use your BestCashCow account

or