Compound Interest Calculator
Savings Account from SOUTH TEXAS AREA RESOURCES with 0.15% APY and $2,500 minimum deposit



Use or Change These Amounts and Rates

The product Savings Account from SOUTH TEXAS AREA RESOURCES with 0.15% APY and $2,500 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 $20,302. The interest earned would be $302 and the tax amount on the interest earned would be approximately $91.

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

The Results for SOUTH TEXAS AREA RESOURCES

Savings Boost of
$-107 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
SOUTH TEXAS AREA RESOURCES Interest Earned $211

 

 

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 20,090 45 32
4 20,135 45 32
5 20,181 45 32
6 20,226 46 32
7 20,272 46 32
8 20,317 46 32
9 20,363 46 32
10 20,409 46 32
TOTAL: $455 $318

SOUTH TEXAS AREA RESOURCES Scenario

Rate:
0.15%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 30 21
2 20,030 30 21
3 20,060 30 21
4 20,090 30 21
5 20,120 30 21
6 20,150 30 21
7 20,181 30 21
8 20,211 30 21
9 20,241 30 21
10 20,272 30 21
TOTAL: $302 $211

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

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Customer Reviews for Star Financial


  • August 7, 2019 |

    Friendly, professional, tellers who are always willing to help and explain things to us members. They work hard to find ways to give you a loan and at the best rates they can give out. I go my first car through them and although I have tried other credit unions and banks (there is no comparison to a bank, banks suck!), I always have come back to STAR credit union. They know me and I trust them. To me that's worth a lot more than a percentage point on a loan or savings account and usually they are one of the best around for rates!


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