Compound Interest Calculator
CD 2-year Account from Guaranty Bank with 0.81% APY and $10,000 minimum deposit

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The product CD 2-year Account from Guaranty Bank with 0.81% 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 $21,680. The interest earned would be $1,680 and the tax amount on the interest earned would be approximately $504.

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

Our records indicate that this institution has been acquired by Guaranty Bank.

The Results for Guaranty Bank

Savings Boost of
$229 over 10 years

Cash Savings $20,000

Average Interest Earned $947

Guaranty Bank Interest Earned $1,176

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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: 0.66%	Annual Interest	Annual Interest (After Tax)
1	20,000	131	92
2	20,131	132	93
3	20,264	133	93
4	20,397	134	94
5	20,531	135	94
6	20,666	136	95
7	20,801	137	96
8	20,938	138	96
9	21,076	138	97
10	21,214	139	98
	TOTAL:	$1,354	$947

Guaranty Bank Scenario

	Rate: 0.81%	Annual Interest	Annual Interest (After Tax)
1	20,000	162	113
2	20,162	163	114
3	20,325	165	115
4	20,490	166	116
5	20,656	167	117
6	20,823	169	118
7	20,992	170	119
8	21,162	171	120
9	21,333	173	121
10	21,506	174	122
	TOTAL:	$1,680	$1,176

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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 2-year Account from Guaranty Bank with 0.81% APY and $10,000 minimum deposit