Compound Interest Calculator
CD 6-month Account from Home Bank of Arkansas with 0.95% APY and $10,000 minimum deposit

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The product CD 6-month Account from Home Bank of Arkansas with 0.95% 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 $21,975. The interest earned would be $1,975 and the tax amount on the interest earned would be approximately $592.

Please note that this product is available in Arkansas 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 BARKSDALE.

The Results for Home Bank of Arkansas

Savings Boost of
$1,064 over 10 years

Cash Savings $20,000

Average Interest Earned $318

Home Bank of Arkansas Interest Earned $1,382

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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	20,090	45	32
4	20,135	45	32
5	20,181	45	32
6	20,226	46	32
7	20,272	46	32
8	20,317	46	32
9	20,363	46	32
10	20,409	46	32
	TOTAL:	$455	$318

Home Bank of Arkansas Scenario

	Rate: 0.95%	Annual Interest	Annual Interest (After Tax)
1	20,000	189	132
2	20,189	191	134
3	20,380	193	135
4	20,573	195	136
5	20,768	196	138
6	20,964	198	139
7	21,162	200	140
8	21,363	202	141
9	21,565	204	143
10	21,769	206	144
	TOTAL:	$1,975	$1,382

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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 6-month Account from Home Bank of Arkansas with 0.95% APY and $10,000 minimum deposit