Compound Interest Calculator
CD 4-year Account from Park State Bank with 1.27% APY and $10,000 minimum deposit

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The product CD 4-year Account from Park State Bank with 1.27% 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 $22,690. The interest earned would be $2,690 and the tax amount on the interest earned would be approximately $807.

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

Our records indicate that this institution has been acquired by American Bank of the North.

The Results for Park State Bank

Savings Boost of
$702 over 10 years

Cash Savings $20,000

Average Interest Earned $1,181

Park State Bank Interest Earned $1,883

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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: 0.81%	Annual Interest	Annual Interest (After Tax)
1	20,000	163	114
2	20,163	164	115
3	20,327	165	116
4	20,492	167	117
5	20,658	168	118
6	20,826	169	119
7	20,996	171	119
8	21,166	172	120
9	21,338	173	121
10	21,512	175	122
	TOTAL:	$1,687	$1,181

Park State Bank Scenario

	Rate: 1.27%	Annual Interest	Annual Interest (After Tax)
1	20,000	254	178
2	20,254	257	180
3	20,511	260	182
4	20,772	264	185
5	21,036	267	187
6	21,303	271	189
7	21,573	274	192
8	21,847	277	194
9	22,125	281	197
10	22,406	285	199
	TOTAL:	$2,690	$1,883

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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 4-year Account from Park State Bank with 1.27% APY and $10,000 minimum deposit