Compound Interest Calculator
CD 18-month Account from WYOCHEM with 1.56% APY and $10,000 minimum deposit

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The product CD 18-month Account from WYOCHEM with 1.56% 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 $23,351. The interest earned would be $3,351 and the tax amount on the interest earned would be approximately $1,005.

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

Our records indicate that this institution has been acquired by WYHY.

The Results for WYOCHEM

Savings Boost of
$2,026 over 10 years

Cash Savings $20,000

Average Interest Earned $320

WYOCHEM Interest Earned $2,345

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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	20,091	45	32
4	20,136	46	32
5	20,181	46	32
6	20,227	46	32
7	20,273	46	32
8	20,319	46	32
9	20,364	46	32
10	20,410	46	32
	TOTAL:	$457	$320

WYOCHEM Scenario

	Rate: 1.56%	Annual Interest	Annual Interest (After Tax)
1	20,000	312	219
2	20,312	317	222
3	20,629	322	225
4	20,951	327	229
5	21,278	332	233
6	21,611	337	236
7	21,948	343	240
8	22,290	348	244
9	22,638	353	247
10	22,992	359	251
	TOTAL:	$3,351	$2,345

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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 CD 18-month Account from WYOCHEM with 1.56% APY and $10,000 minimum deposit