Compound Interest Calculator
CD 2-year Account from ARIZONA with 0.80% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 2-year Account from ARIZONA with 0.80% 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 $21,659. The interest earned would be $1,659 and the tax amount on the interest earned would be approximately $498.

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

The Results for ARIZONA

Savings Boost of
$211 over 10 years
Cash Savings $20,000
Average Interest Earned $950

 
ARIZONA Interest Earned $1,161

 

 

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:
0.66%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 132 92
2 20,132 133 93
3 20,264 134 93
4 20,398 134 94
5 20,532 135 95
6 20,668 136 95
7 20,804 137 96
8 20,941 138 97
9 21,079 139 97
10 21,218 140 98
TOTAL: $1,358 $950

ARIZONA Scenario

Rate:
0.80%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 160 112
2 20,160 161 113
3 20,321 163 114
4 20,484 164 115
5 20,648 165 116
6 20,813 167 117
7 20,979 168 117
8 21,147 169 118
9 21,316 171 119
10 21,487 172 120
TOTAL: $1,659 $1,161

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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