Compound Interest Calculator
CD 3-year Account from KS StateBank with 3.80% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 3-year Account from KS StateBank with 3.80% APY and $500 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 $29,040. The interest earned would be $9,040 and the tax amount on the interest earned would be approximately $2,712.

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 KS StateBank

Savings Boost of
$5,242 over 10 years
Cash Savings $20,000
Average Interest Earned $1,086

 
KS StateBank Interest Earned $6,328

 

 

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:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 150 105
2 20,150 151 106
3 20,301 152 107
4 20,453 153 107
5 20,607 155 108
6 20,761 156 109
7 20,917 157 110
8 21,074 158 111
9 21,232 159 111
10 21,391 160 112
TOTAL: $1,552 $1,086

KS StateBank Scenario

Rate:
3.80%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 760 532
2 20,760 789 552
3 21,549 819 573
4 22,368 850 595
5 23,218 882 618
6 24,100 916 641
7 25,016 951 665
8 25,966 987 691
9 26,953 1,024 717
10 27,977 1,063 744
TOTAL: $9,040 $6,328

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
October 16, 2024 3.80%
August 30, 2024 4.00%
February 13, 2024 4.06%
December 19, 2023 4.42%
December 15, 2023 4.87%
August 30, 2023 4.63%
August 20, 2023 4.27%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for KS StateBank


  • April 19, 2023 |

    CDs 12 Month Rates

    This bank was honest and I had no problems with them in person. Not everyone was equally competent but they got help.

  • March 23, 2023 |

    I hate used car salesman tactics of Bait and Swap!
    Was advertised top interest rate at minimum $100k deposit then after spending an hour to sign-up online, system changed this to $250K - Screw their 1/4 point interest and 6 month penalty for early withdraw!

  • October 19, 2018

    Terrible Bank. Terrible Service. I tried to put a ton of money into a cd there. They rejected my application. Took them 6 days to tell me my money was no good. WTF? WORST Service EVER!


Add Your Review


or use your BestCashCow account

or