Compound Interest Calculator
CD 2-year Account from R Bank with 0.99% APY and $10,000 minimum deposit

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R Bank Rate (%):

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The product CD 2-year Account from R Bank with 0.99% 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 $22,071. The interest earned would be $2,071 and the tax amount on the interest earned would be approximately $621.

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

The Results for R Bank

Savings Boost of
$497 over 10 years

Cash Savings $20,000

Average Interest Earned $952

R Bank Interest Earned $1,449

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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: 0.66%	Annual Interest	Annual Interest (After Tax)
1	20,000	132	92
2	20,132	133	93
3	20,265	134	94
4	20,399	135	94
5	20,533	136	95
6	20,669	136	95
7	20,805	137	96
8	20,942	138	97
9	21,081	139	97
10	21,220	140	98
	TOTAL:	$1,360	$952

R Bank Scenario

	Rate: 0.99%	Annual Interest	Annual Interest (After Tax)
1	20,000	198	139
2	20,198	200	140
3	20,398	202	141
4	20,600	204	143
5	20,804	206	144
6	21,010	208	146
7	21,218	210	147
8	21,428	212	148
9	21,640	214	150
10	21,854	216	151
	TOTAL:	$2,071	$1,449

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 2-year Account from R Bank with 0.99% APY and $10,000 minimum deposit