The product CD 2-year Account from Security Bank of Kansas City with 3.29% APY and $500 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 $27,645. The interest earned would be $7,645 and the tax amount on the interest earned would be approximately $2,293.
Please note that 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: 3.29% |
Annual Interest |
Annual Interest (After Tax) |
|
---|---|---|---|
1 | 20,000 | 658 | 461 |
2 | 20,658 | 680 | 476 |
3 | 21,338 | 702 | 491 |
4 | 22,040 | 725 | 508 |
5 | 22,765 | 749 | 524 |
6 | 23,514 | 774 | 542 |
7 | 24,287 | 799 | 559 |
8 | 25,086 | 825 | 578 |
9 | 25,912 | 852 | 597 |
10 | 26,764 | 881 | 616 |
TOTAL: | $7,645 | $5,351 |
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.
Date | APY |
---|---|
August 31, 2024 | 3.29% |
January 20, 2024 | 2.02% |
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. |
Customer Reviews for Security Bank of Kansas City
ccass
September 13, 2021 |
On September 13th, 2021. I called “SBOK” to verify if the account number matches the business name that is on the check I’ve received. I spoke with a supervisor named Brenda Jones. Brenda informed me that she could not very the account and I would have to go to inside the bank to get help. Once I told her that I live in another state, Brenda asked me for the name of the business. When I told her the name she responded by saying the name does not sound familiar and I should contact my bank to get further verification. Which does not make sense, because I do not bank with “SBOK”. So how would my bank verify this check? When I asked Brenda how would my bank verify the name on this check if I bank with a different bank? Brenda then started responding rudely. She would make smart remarks and laugh while talking to me. I asked Brenda to transfer me over to speak with someone higher than her because Brenda gave me false information on how to move forward. She transferred me over to Jordy Arnold. When speaking with Jody, she first asked what happened and what I need help with. She told me she would not be able to verify the name. After asking her why, she asked me for the account number and how did I receive the check. I spent over ten minutes giving Jody the account number and explaining to her how I received the check just for her to tell me she can not help me. When I asked Jody what was the reason for asking me for this information she could not give me an answer and hung up in my face. I am very disappointed and baffled. I’ve never experienced poor customer service from a bank like this. Would not recommend doing business with this bank!
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