Compound Interest Calculator
CD 6-month Account from SERVICE ONE with 0.51% APY and $10,000 minimum deposit

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The product CD 6-month Account from SERVICE ONE with 0.51% 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 $21,044. The interest earned would be $1,044 and the tax amount on the interest earned would be approximately $313.

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

The Results for SERVICE ONE

Savings Boost of
$411 over 10 years

Cash Savings $20,000

Average Interest Earned $320

SERVICE ONE Interest Earned $731

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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: 0.23%	Annual Interest	Annual Interest (After Tax)
1	20,000	45	32
2	20,045	45	32
3	20,091	45	32
4	20,136	46	32
5	20,181	46	32
6	20,227	46	32
7	20,273	46	32
8	20,319	46	32
9	20,364	46	32
10	20,410	46	32
	TOTAL:	$457	$320

SERVICE ONE Scenario

	Rate: 0.51%	Annual Interest	Annual Interest (After Tax)
1	20,000	102	71
2	20,102	103	72
3	20,205	103	72
4	20,308	104	72
5	20,411	104	73
6	20,515	105	73
7	20,620	105	74
8	20,725	106	74
9	20,831	106	74
10	20,937	107	75
	TOTAL:	$1,044	$731

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 6-month Account from SERVICE ONE with 0.51% APY and $10,000 minimum deposit