Compound Interest Calculator
Savings Account from State Bank of Bement with 0.08% APY and $2,500 minimum deposit

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The product Savings Account from State Bank of Bement with 0.08% 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 $20,161. The interest earned would be $161 and the tax amount on the interest earned would be approximately $48.

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

The Results for State Bank of Bement

Savings Boost of
$-206 over 10 years

Cash Savings $20,000

Average Interest Earned $318

State Bank of Bement Interest Earned $112

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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

State Bank of Bement Scenario

	Rate: 0.08%	Annual Interest	Annual Interest (After Tax)
1	20,000	16	11
2	20,016	16	11
3	20,032	16	11
4	20,048	16	11
5	20,064	16	11
6	20,080	16	11
7	20,096	16	11
8	20,112	16	11
9	20,128	16	11
10	20,144	16	11
	TOTAL:	$161	$112

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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 Savings Account from State Bank of Bement with 0.08% APY and $2,500 minimum deposit