Compound Interest Calculator
CD 6-month Account from Southwestern National Bank with 0.38% APY and $100,000 minimum deposit

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The product CD 6-month Account from Southwestern National Bank with 0.38% APY and $100,000 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 $20,763. The interest earned would be $763 and the tax amount on the interest earned would be approximately $229.

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 Southwestern National Bank

Savings Boost of
$214 over 10 years

Cash Savings $20,000

Average Interest Earned $320

Southwestern National Bank Interest Earned $534

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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

Southwestern National Bank Scenario

	Rate: 0.38%	Annual Interest	Annual Interest (After Tax)
1	20,000	75	53
2	20,075	75	53
3	20,150	76	53
4	20,226	76	53
5	20,302	76	53
6	20,378	76	53
7	20,454	77	54
8	20,531	77	54
9	20,608	77	54
10	20,685	78	54
	TOTAL:	$763	$534

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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 6-month Account from Southwestern National Bank with 0.38% APY and $100,000 minimum deposit