Compound Interest Calculator
CD 18-month Account from Southern Bank with 0.65% APY and $10,000 minimum deposit

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The product CD 18-month Account from Southern Bank with 0.65% 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 $21,339. The interest earned would be $1,339 and the tax amount on the interest earned would be approximately $402.

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

The Results for Southern Bank

Savings Boost of
$617 over 10 years

Cash Savings $20,000

Average Interest Earned $320

Southern Bank Interest Earned $937

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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: 0.23%	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

Southern Bank Scenario

	Rate: 0.65%	Annual Interest	Annual Interest (After Tax)
1	20,000	130	91
2	20,130	131	92
3	20,261	132	92
4	20,393	133	93
5	20,525	133	93
6	20,659	134	94
7	20,793	135	95
8	20,928	136	95
9	21,064	137	96
10	21,201	138	96
	TOTAL:	$1,339	$937

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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 18-month Account from Southern Bank with 0.65% APY and $10,000 minimum deposit