The product CD 2-year Account from LIMESTONE with 1.10% APY and $100,000 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 $22,312. The interest earned would be $2,312 and the tax amount on the interest earned would be approximately $694.
Please note that this product is available in Michigan and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| 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 |
| Rate: 1.10% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 220 | 154 |
| 2 | 20,220 | 222 | 156 |
| 3 | 20,442 | 225 | 157 |
| 4 | 20,667 | 227 | 159 |
| 5 | 20,895 | 230 | 161 |
| 6 | 21,124 | 232 | 163 |
| 7 | 21,357 | 235 | 164 |
| 8 | 21,592 | 238 | 166 |
| 9 | 21,829 | 240 | 168 |
| 10 | 22,069 | 243 | 170 |
| TOTAL: | $2,312 | $1,619 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$50,000 |
Learn More | |
|
Last change: ↑0.25% on October 28. |
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|
|
5.00% |
$500 |
Learn More | |
|
Last change: ↑3.00% on August 7. |
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|
|
4.91% |
$25,000 |
Learn More | |
|
Last change: ↓0.09% on October 17. |
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|
|
4.90% |
$10,000 |
Learn More | |
|
Last change: ↓0.15% on September 6. |
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|
|
4.90% |
$500 |
Learn More | |
|
Last change: ↓0.05% on September 27. |
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Customer Reviews for Limestone
Mymomo05
January 23, 2019 |
This place is absolutely not for their members like they claim. They charge astronomical interest rates and put you on a balloon if you have less than perfect credit. Not to mention, the little fact that it's all women and they sit on their high horses and look down their noses at you. Hire some men! Isnt that against the law some where? Isnt this descrimination?
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