Compound Interest Calculator
CD 2-year Account from Idaho Trust Bank with 0.27% APY and $10,000 minimum deposit

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The product CD 2-year Account from Idaho Trust Bank with 0.27% 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 $20,547. The interest earned would be $547 and the tax amount on the interest earned would be approximately $164.

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

The Results for Idaho Trust Bank

Savings Boost of
$-565 over 10 years

Cash Savings $20,000

Average Interest Earned $947

Idaho Trust Bank Interest Earned $383

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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

Idaho Trust Bank Scenario

	Rate: 0.27%	Annual Interest	Annual Interest (After Tax)
1	20,000	54	38
2	20,054	54	38
3	20,108	54	38
4	20,162	54	38
5	20,217	55	38
6	20,271	55	38
7	20,326	55	38
8	20,381	55	39
9	20,436	55	39
10	20,491	55	39
	TOTAL:	$547	$383

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 2-year Account from Idaho Trust Bank with 0.27% APY and $10,000 minimum deposit