Compound Interest Calculator
CD 5-year Account from Guaranty Bank and Trust Company with 0.56% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from Guaranty Bank and Trust Company with 0.56% 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 $21,149. The interest earned would be $1,149 and the tax amount on the interest earned would be approximately $345.

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

The Results for Guaranty Bank and Trust Company

Savings Boost of
$-529 over 10 years
Cash Savings $20,000
Average Interest Earned $1,334

 
Guaranty Bank and Trust Company Interest Earned $804

 

 

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:
0.91%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 184 129
3 20,367 186 130
4 20,553 188 132
5 20,741 190 133
6 20,931 191 134
7 21,122 193 135
8 21,315 195 136
9 21,510 197 138
10 21,707 198 139
TOTAL: $1,905 $1,334

Guaranty Bank and Trust Company Scenario

Rate:
0.56%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 112 78
2 20,112 113 79
3 20,225 113 79
4 20,338 114 80
5 20,452 115 80
6 20,566 115 81
7 20,681 116 81
8 20,797 116 82
9 20,914 117 82
10 21,031 118 82
TOTAL: $1,149 $804

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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