Compound Interest Calculator
CD 6-month Account from Pinnacle Bank with 0.29% APY and $100,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Pinnacle Bank Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 6-month Account from Pinnacle Bank with 0.29% 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 $20,588. The interest earned would be $588 and the tax amount on the interest earned would be approximately $176.

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

The Results for Pinnacle Bank

Savings Boost of
$93 over 10 years

Cash Savings $20,000

Average Interest Earned $318

Pinnacle Bank Interest Earned $411

Compare

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: 0.23%	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

Pinnacle Bank Scenario

	Rate: 0.29%	Annual Interest	Annual Interest (After Tax)
1	20,000	58	41
2	20,058	58	41
3	20,116	58	41
4	20,175	59	41
5	20,233	59	41
6	20,292	59	41
7	20,351	59	41
8	20,410	59	41
9	20,469	59	42
10	20,528	60	42
	TOTAL:	$588	$411

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.

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
My e-Banc, a division of Bradesco BAC Florida Bank	5.00%	$50,000	Learn More
Last change: ↑0.25% on October 28. 6 Month Jumbo CD.
TotalDirect, a division of City National Bank of Florida	4.91%	$25,000	Learn More
Last change: ↓0.09% on October 17. 3 Month CD.
Norwood Bank	4.90%	$10,000	Learn More
Last change: ↓0.15% on September 6.
Prime Alliance Bank	4.90%	$500	Learn More
Last change: ↓0.05% on September 27.
Bank5 Connect	4.85%	$500	Learn More
Last change: ↓0.10% on October 28. 6 Month CD.

Compound Interest Calculator CD 6-month Account from Pinnacle Bank with 0.29% APY and $100,000 minimum deposit