Compound Interest Calculator
CD 3-year Account from SPIRIT OF ALASKA with 1.28% APY and $10,000 minimum deposit

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SPIRIT OF ALASKA Rate (%):

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The product CD 3-year Account from SPIRIT OF ALASKA with 1.28% 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 $22,713. The interest earned would be $2,713 and the tax amount on the interest earned would be approximately $814.

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

The Results for SPIRIT OF ALASKA

Savings Boost of
$811 over 10 years

Cash Savings $20,000

Average Interest Earned $1,088

SPIRIT OF ALASKA Interest Earned $1,899

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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: 0.75%	Annual Interest	Annual Interest (After Tax)
1	20,000	150	105
2	20,150	151	106
3	20,302	152	107
4	20,454	154	108
5	20,608	155	108
6	20,762	156	109
7	20,918	157	110
8	21,075	158	111
9	21,234	159	112
10	21,393	161	112
	TOTAL:	$1,554	$1,088

SPIRIT OF ALASKA Scenario

	Rate: 1.28%	Annual Interest	Annual Interest (After Tax)
1	20,000	256	179
2	20,256	259	181
3	20,515	263	184
4	20,778	266	186
5	21,044	269	189
6	21,313	273	191
7	21,586	276	193
8	21,862	280	196
9	22,142	283	198
10	22,426	287	201
	TOTAL:	$2,713	$1,899

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Compound Interest Calculator CD 3-year Account from SPIRIT OF ALASKA with 1.28% APY and $10,000 minimum deposit