Compound Interest Calculator
CD 18-month Account from Guaranty Bank and Trust Company with 0.33% APY and $10,000 minimum deposit

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The product CD 18-month Account from Guaranty Bank and Trust Company with 0.33% 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 $20,660. The interest earned would be $660 and the tax amount on the interest earned would be approximately $198.

Please note that this product is available in Tennessee 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
$142 over 10 years

Cash Savings $20,000

Average Interest Earned $320

Guaranty Bank and Trust Company Interest Earned $462

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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: 0.23%	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

Guaranty Bank and Trust Company Scenario

	Rate: 0.33%	Annual Interest	Annual Interest (After Tax)
1	20,000	65	46
2	20,065	65	46
3	20,130	65	46
4	20,196	66	46
5	20,261	66	46
6	20,327	66	46
7	20,393	66	46
8	20,459	66	47
9	20,526	67	47
10	20,593	67	47
	TOTAL:	$660	$462

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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Compound Interest Calculator CD 18-month Account from Guaranty Bank and Trust Company with 0.33% APY and $10,000 minimum deposit