Compound Interest Calculator
CD 15-month Account from State Street Bank and Trust Company with 5.09% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 15-month Account from State Street Bank and Trust Company with 5.09% APY and $1,000 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 $32,858. The interest earned would be $12,858 and the tax amount on the interest earned would be approximately $3,857.

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

The Results for State Street Bank and Trust Company

Savings Boost of
$8,683 over 10 years
Cash Savings $20,000
Average Interest Earned $318

 
State Street Bank and Trust Company Interest Earned $9,001

 

 

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:
0.23%
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 Street Bank and Trust Company Scenario

Rate:
5.09%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 1,018 713
2 21,018 1,070 749
3 22,088 1,124 787
4 23,212 1,181 827
5 24,394 1,242 869
6 25,635 1,305 913
7 26,940 1,371 960
8 28,311 1,441 1,009
9 29,752 1,514 1,060
10 31,267 1,591 1,114
TOTAL: $12,858 $9,001

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.


Recent Rate Changes



Date APY
January 9, 2024 5.09%


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