The product CD 4-year Account from TWINSTAR with 0.65% APY and $100,000 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 $21,339. The interest earned would be $1,339 and the tax amount on the interest earned would be approximately $402.
Please note that this product is available in Washington and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
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.
| 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 |
| Rate: 0.65% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 130 | 91 |
| 2 | 20,130 | 131 | 92 |
| 3 | 20,261 | 132 | 92 |
| 4 | 20,393 | 133 | 93 |
| 5 | 20,525 | 133 | 93 |
| 6 | 20,659 | 134 | 94 |
| 7 | 20,793 | 135 | 95 |
| 8 | 20,928 | 136 | 95 |
| 9 | 21,064 | 137 | 96 |
| 10 | 21,201 | 138 | 96 |
| TOTAL: | $1,339 | $937 |
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.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$50,000 |
Learn More | |
|
Last change: ↑0.25% on October 28. |
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|
|
4.91% |
$25,000 |
Learn More | |
|
Last change: ↓0.09% on October 17. |
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|
|
4.90% |
$10,000 |
Learn More | |
|
Last change: ↓0.15% on September 6. |
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|
|
4.90% |
$500 |
Learn More | |
|
Last change: ↓0.05% on September 27. |
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|
|
4.90% |
$1,000 |
Learn More | |
|
Last change: ↓0.10% on October 1. |
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Customer Reviews for Twinstar
Winder
November 11, 2021 |
I would like to thank Ashley in Loan Support Services at Twin Star Credit Union for all her help.
In this day and age it is difficult to find someone as effective and efficient that actually goes the extra mile to make things happen.
In my opinion Ashley and her team are Shining Stars at Twin Star CU.
I hope management recognizes what a valuable asset she is, and how well she reflects on the reputation of Twin Star CU.
Needless to say I’m totally impressed.
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