Compound Interest Calculator
CD 5-year Account from Security Bank of Kansas City with 2.02% APY and $500 minimum deposit



Use or Change These Amounts and Rates

The product CD 5-year Account from Security Bank of Kansas City with 2.02% 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 $24,428. The interest earned would be $4,428 and the tax amount on the interest earned would be approximately $1,328.

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 Security Bank of Kansas City

Savings Boost of
$1,764 over 10 years
Cash Savings $20,000
Average Interest Earned $1,335

 
Security Bank of Kansas City Interest Earned $3,099

 

 

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:
0.92%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 183 128
2 20,183 185 129
3 20,368 186 130
4 20,554 188 132
5 20,742 190 133
6 20,932 192 134
7 21,123 193 135
8 21,317 195 137
9 21,512 197 138
10 21,709 199 139
TOTAL: $1,907 $1,335

Security Bank of Kansas City Scenario

Rate:
2.02%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 404 283
2 20,404 412 289
3 20,816 420 294
4 21,237 429 300
5 21,666 438 306
6 22,103 446 313
7 22,550 456 319
8 23,005 465 325
9 23,470 474 332
10 23,944 484 339
TOTAL: $4,428 $3,099

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
August 31, 2024 2.02%
January 20, 2024 1.26%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↑3.00% on August 7.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.



Customer Reviews for Security Bank of Kansas City


  • 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!


Add Your Review


or use your BestCashCow account

or