Compound Interest Calculator
CD 4-year Account from SPIRIT OF ALASKA with 1.32% APY and $10,000 minimum deposit

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The product CD 4-year Account from SPIRIT OF ALASKA with 1.32% 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 $22,802. The interest earned would be $2,802 and the tax amount on the interest earned would be approximately $841.

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
$782 over 10 years

Cash Savings $20,000

Average Interest Earned $1,179

SPIRIT OF ALASKA Interest Earned $1,962

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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: 0.81%	Annual Interest	Annual Interest (After Tax)
1	20,000	162	114
2	20,162	164	115
3	20,326	165	116
4	20,491	166	116
5	20,658	168	117
6	20,825	169	118
7	20,994	170	119
8	21,165	172	120
9	21,337	173	121
10	21,510	175	122
	TOTAL:	$1,685	$1,179

SPIRIT OF ALASKA Scenario

	Rate: 1.32%	Annual Interest	Annual Interest (After Tax)
1	20,000	264	185
2	20,264	267	187
3	20,531	271	190
4	20,803	275	192
5	21,077	278	195
6	21,355	282	197
7	21,637	286	200
8	21,923	289	203
9	22,212	293	205
10	22,505	297	208
	TOTAL:	$2,802	$1,962

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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 4-year Account from SPIRIT OF ALASKA with 1.32% APY and $10,000 minimum deposit