Compound Interest Calculator
CD 18-month Account from Lafayette State Bank with 0.26% APY and $10,000 minimum deposit

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Lafayette State Bank Rate (%):

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The product CD 18-month Account from Lafayette State Bank with 0.26% 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 $20,526. The interest earned would be $526 and the tax amount on the interest earned would be approximately $158.

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

The Results for Lafayette State Bank

Savings Boost of
$50 over 10 years

Cash Savings $20,000

Average Interest Earned $318

Lafayette State Bank Interest Earned $368

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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

Lafayette State Bank Scenario

	Rate: 0.26%	Annual Interest	Annual Interest (After Tax)
1	20,000	52	36
2	20,052	52	36
3	20,104	52	37
4	20,156	52	37
5	20,209	53	37
6	20,261	53	37
7	20,314	53	37
8	20,367	53	37
9	20,420	53	37
10	20,473	53	37
	TOTAL:	$526	$368

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 18-month Account from Lafayette State Bank with 0.26% APY and $10,000 minimum deposit