Compound Interest Calculator
CD 4-year Account from The Bank of Missouri with 0.71% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from The Bank of Missouri with 0.71% 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 $21,471. The interest earned would be $1,471 and the tax amount on the interest earned would be approximately $441.

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

The Results for The Bank of Missouri

Savings Boost of
$-151 over 10 years
Cash Savings $20,000
Average Interest Earned $1,181

 
The Bank of Missouri Interest Earned $1,029

 

 

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 20,000 163 114
2 20,163 164 115
3 20,327 165 116
4 20,492 167 117
5 20,658 168 118
6 20,826 169 119
7 20,996 171 119
8 21,166 172 120
9 21,338 173 121
10 21,512 175 122
TOTAL: $1,687 $1,181

The Bank of Missouri Scenario

Rate:
0.71%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 142 100
2 20,142 143 100
3 20,286 144 101
4 20,430 145 102
5 20,576 146 103
6 20,722 148 103
7 20,870 149 104
8 21,018 150 105
9 21,168 151 106
10 21,319 152 106
TOTAL: $1,471 $1,029

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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