Compound Interest Calculator
CD 4-year Account from ALTRA with 0.65% APY and $100,000 minimum deposit

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The product CD 4-year Account from ALTRA 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 Kentucky and this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for ALTRA

Savings Boost of
$-453 over 10 years

Cash Savings $20,000

Average Interest Earned $1,390

ALTRA Interest Earned $937

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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: 0.95%	Annual Interest	Annual Interest (After Tax)
1	20,000	190	133
2	20,190	192	134
3	20,382	194	136
4	20,576	196	137
5	20,772	198	138
6	20,969	199	140
7	21,169	201	141
8	21,370	203	142
9	21,573	205	144
10	21,778	207	145
	TOTAL:	$1,985	$1,390

ALTRA Scenario

	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

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 4-year Account from ALTRA with 0.65% APY and $100,000 minimum deposit