Compound Interest Calculator
CD 6-month Account from ALIVE with 0.57% APY and $10,000 minimum deposit

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The product CD 6-month Account from ALIVE with 0.57% 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 $21,170. The interest earned would be $1,170 and the tax amount on the interest earned would be approximately $351.

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

The Results for ALIVE

Savings Boost of
$506 over 10 years

Cash Savings $20,000

Average Interest Earned $312

ALIVE Interest Earned $819

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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: 0.22%	Annual Interest	Annual Interest (After Tax)
1	20,000	44	31
2	20,044	44	31
3	20,088	44	31
4	20,133	44	31
5	20,177	45	31
6	20,222	45	31
7	20,267	45	31
8	20,311	45	31
9	20,356	45	31
10	20,401	45	32
	TOTAL:	$446	$312

ALIVE Scenario

	Rate: 0.57%	Annual Interest	Annual Interest (After Tax)
1	20,000	114	80
2	20,114	115	80
3	20,229	115	81
4	20,344	116	81
5	20,460	117	82
6	20,577	117	82
7	20,694	118	83
8	20,812	119	83
9	20,930	119	84
10	21,050	120	84
	TOTAL:	$1,170	$819

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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Compound Interest Calculator CD 6-month Account from ALIVE with 0.57% APY and $10,000 minimum deposit