Compound Interest Calculator
Savings Account from SPIRIT OF ALASKA with 0.11% APY and $2,500 minimum deposit

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SPIRIT OF ALASKA Rate (%):

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The product Savings Account from SPIRIT OF ALASKA with 0.11% 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 $20,221. The interest earned would be $221 and the tax amount on the interest earned would be approximately $66.

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
$-163 over 10 years

Cash Savings $20,000

Average Interest Earned $318

SPIRIT OF ALASKA Interest Earned $155

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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	20,090	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

SPIRIT OF ALASKA Scenario

	Rate: 0.11%	Annual Interest	Annual Interest (After Tax)
1	20,000	22	15
2	20,022	22	15
3	20,044	22	15
4	20,066	22	15
5	20,088	22	15
6	20,110	22	15
7	20,132	22	16
8	20,155	22	16
9	20,177	22	16
10	20,199	22	16
	TOTAL:	$221	$155

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.

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Compound Interest Calculator Savings Account from SPIRIT OF ALASKA with 0.11% APY and $2,500 minimum deposit