Compound Interest Calculator
CD 5-year Account from Guaranty Bank and Trust Company with 0.61% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from Guaranty Bank and Trust Company with 0.61% APY and $100,000 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 $21,254. The interest earned would be $1,254 and the tax amount on the interest earned would be approximately $376.

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
$-456 over 10 years
Cash Savings $20,000
Average Interest Earned $1,334

 
Guaranty Bank and Trust Company Interest Earned $878

 

 

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:
0.61%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 122 85
2 20,122 123 86
3 20,245 123 86
4 20,368 124 87
5 20,492 125 88
6 20,617 126 88
7 20,743 127 89
8 20,870 127 89
9 20,997 128 90
10 21,125 129 90
TOTAL: $1,254 $878

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: ↑0.25% on October 28.
6 Month Jumbo CD.

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

Last change: ↓0.15% on September 6.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.

Last change: ↑0.25% on November 25.