Compound Interest Calculator
CD 5-year Account from Security Federal Savings Bank with 0.63% APY and $100,000 minimum deposit

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The product CD 5-year Account from Security Federal Savings Bank with 0.63% 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 $21,296. The interest earned would be $1,296 and the tax amount on the interest earned would be approximately $389.

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

The Results for Security Federal Savings Bank

Savings Boost of
$-429 over 10 years

Cash Savings $20,000

Average Interest Earned $1,337

Security Federal Savings Bank Interest Earned $907

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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: 0.92%	Annual Interest	Annual Interest (After Tax)
1	20,000	183	128
2	20,183	185	129
3	20,368	187	131
4	20,555	188	132
5	20,743	190	133
6	20,933	192	134
7	21,125	194	135
8	21,318	195	137
9	21,513	197	138
10	21,711	199	139
	TOTAL:	$1,909	$1,337

Security Federal Savings Bank Scenario

	Rate: 0.63%	Annual Interest	Annual Interest (After Tax)
1	20,000	126	88
2	20,126	127	89
3	20,253	128	89
4	20,380	128	90
5	20,509	129	90
6	20,638	130	91
7	20,768	131	92
8	20,899	132	92
9	21,031	132	93
10	21,163	133	93
	TOTAL:	$1,296	$907

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 5-year Account from Security Federal Savings Bank with 0.63% APY and $100,000 minimum deposit