Compound Interest Calculator
CD 1-year Account from Signature Bank of Georgia with 0.46% APY and $1,000 minimum deposit

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Signature Bank of Georgia Rate (%):

Compound Interest Period:

Tax Rate:

Please leave this field blank

The product CD 1-year Account from Signature Bank of Georgia with 0.46% APY and $1,000 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 $20,939. The interest earned would be $939 and the tax amount on the interest earned would be approximately $282.

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

The Results for Signature Bank of Georgia

Savings Boost of
$-132 over 10 years

Cash Savings $20,000

Average Interest Earned $789

Signature Bank of Georgia Interest Earned $657

Compare

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: 0.55%	Annual Interest	Annual Interest (After Tax)
1	20,000	110	77
2	20,110	111	77
3	20,221	111	78
4	20,332	112	78
5	20,444	112	79
6	20,556	113	79
7	20,669	114	80
8	20,783	114	80
9	20,897	115	80
10	21,012	116	81
	TOTAL:	$1,128	$789

Signature Bank of Georgia Scenario

	Rate: 0.46%	Annual Interest	Annual Interest (After Tax)
1	20,000	92	64
2	20,092	92	65
3	20,184	93	65
4	20,277	93	65
5	20,371	94	66
6	20,464	94	66
7	20,558	95	66
8	20,653	95	67
9	20,748	95	67
10	20,843	96	67
	TOTAL:	$939	$657

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.

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
Finworth, a division of InsBank	4.75%	$50,000	Learn More
Last change: ↑0.25% on November 25, 2024.
My e-Banc, a division of Bradesco BAC Florida Bank	4.70%	$50,000	Learn More
Last change: ↓0.10% on December 29, 2024. 6 Month Jumbo CD.
Rising Bank, a division of Midwest BankCentre	4.70%	$1,000	Learn More
Last change: ↑0.70% on December 7, 2024.
Bread Savings, a division of Bread Financial	4.65%	$1,500	Learn More
Last change: ↓0.05% on December 4, 2024.
OneLocal Bank	4.65%	$10,000	Learn More
Last change: ↓0.25% on December 23, 2024.

Compound Interest Calculator CD 1-year Account from Signature Bank of Georgia with 0.46% APY and $1,000 minimum deposit