Compound Interest Calculator
CD 6-month Account from KINGS PEAK with 4.60% APY and $1,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

KINGS PEAK Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 6-month Account from KINGS PEAK with 4.60% APY and $1,000 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 $31,358. The interest earned would be $11,358 and the tax amount on the interest earned would be approximately $3,407.

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

The Results for KINGS PEAK

Savings Boost of
$7,632 over 10 years

Cash Savings $20,000

Average Interest Earned $318

KINGS PEAK Interest Earned $7,951

Compare

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: 0.23%	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

KINGS PEAK Scenario

	Rate: 4.60%	Annual Interest	Annual Interest (After Tax)
1	20,000	920	644
2	20,920	962	674
3	21,882	1,007	705
4	22,889	1,053	737
5	23,942	1,101	771
6	25,043	1,152	806
7	26,195	1,205	843
8	27,400	1,260	882
9	28,660	1,318	923
10	29,979	1,379	965
	TOTAL:	$11,358	$7,951

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.

Recent Rate Changes

Date	APY
November 11, 2024	4.60%
June 13, 2024	5.65%

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
My e-Banc, a division of Bradesco BAC Florida Bank	5.00%	$50,000	Learn More
Last change: ↑0.25% on October 28. 6 Month Jumbo CD.
TotalDirect, a division of City National Bank of Florida	4.91%	$25,000	Learn More
Last change: ↓0.09% on October 17. 3 Month CD.
OneLocal Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
Prime Alliance Bank	4.90%	$500	Learn More
Last change: ↓0.05% on September 27.
My e-Banc, a division of Bradesco BAC Florida Bank	4.80%	$50,000	Learn More
Last change: ↑0.20% on October 28. Early Withdrawal Penalty is 3 months interest.

Compound Interest Calculator CD 6-month Account from KINGS PEAK with 4.60% APY and $1,000 minimum deposit