Compound Interest Calculator
CD 4-year Account from Luana Savings Bank with 3.68% APY and $100,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from Luana Savings Bank with 3.68% 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 $28,706. The interest earned would be $8,706 and the tax amount on the interest earned would be approximately $2,612.

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 Luana Savings Bank

Savings Boost of
$4,911 over 10 years
Cash Savings $20,000
Average Interest Earned $1,184

 
Luana Savings Bank Interest Earned $6,095

 

 

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:
0.82%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 163 114
2 20,163 164 115
3 20,327 166 116
4 20,493 167 117
5 20,660 168 118
6 20,828 170 119
7 20,998 171 120
8 21,169 173 121
9 21,342 174 122
10 21,516 175 123
TOTAL: $1,691 $1,184

Luana Savings Bank Scenario

Rate:
3.68%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 736 515
2 20,736 763 534
3 21,499 791 554
4 22,290 820 574
5 23,111 850 595
6 23,961 882 617
7 24,843 914 640
8 25,757 948 663
9 26,705 983 688
10 27,688 1,019 713
TOTAL: $8,706 $6,095

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
September 22, 2024 3.68%
September 13, 2024 3.84%
September 6, 2024 3.94%
August 31, 2024 3.99%
August 16, 2024 4.09%
December 19, 2023 4.30%
December 15, 2023 5.16%
December 12, 2023 5.27%
December 5, 2023 5.32%
December 1, 2023 5.42%
November 10, 2023 5.47%
October 3, 2023 4.50%
September 29, 2023 4.45%
September 12, 2023 4.40%
August 30, 2023 4.35%
August 20, 2023 4.24%


Featured CD Rates

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