Compound Interest Calculator
CD 5-year Account from Security State Bank with 1.05% APY and $10,000 minimum deposit

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The product CD 5-year Account from Security State Bank with 1.05% 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 $22,202. The interest earned would be $2,202 and the tax amount on the interest earned would be approximately $661.

Please note that this product is available in South Dakota 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 State Bank

Savings Boost of
$206 over 10 years

Cash Savings $20,000

Average Interest Earned $1,335

Security State Bank Interest Earned $1,541

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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	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 State Bank Scenario

	Rate: 1.05%	Annual Interest	Annual Interest (After Tax)
1	20,000	210	147
2	20,210	212	149
3	20,422	214	150
4	20,637	217	152
5	20,853	219	153
6	21,072	221	155
7	21,294	224	157
8	21,517	226	158
9	21,743	228	160
10	21,971	231	161
	TOTAL:	$2,202	$1,541

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Compound Interest Calculator CD 5-year Account from Security State Bank with 1.05% APY and $10,000 minimum deposit