Compound Interest Calculator
CD 1-year Account from County Bank with 0.39% APY and $10,000 minimum deposit

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The product CD 1-year Account from County Bank with 0.39% 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 $20,794. The interest earned would be $794 and the tax amount on the interest earned would be approximately $238.

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

The Results for County Bank

Savings Boost of
$-240 over 10 years

Cash Savings $20,000

Average Interest Earned $795

County Bank Interest Earned $556

Compare

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: 0.55%	Annual Interest	Annual Interest (After Tax)
1	20,000	111	78
2	20,111	111	78
3	20,222	112	78
4	20,334	113	79
5	20,447	113	79
6	20,560	114	80
7	20,674	115	80
8	20,789	115	81
9	20,904	116	81
10	21,020	116	82
	TOTAL:	$1,136	$795

County Bank Scenario

	Rate: 0.39%	Annual Interest	Annual Interest (After Tax)
1	20,000	78	55
2	20,078	78	55
3	20,156	79	55
4	20,235	79	55
5	20,314	79	55
6	20,393	80	56
7	20,473	80	56
8	20,552	80	56
9	20,633	80	56
10	20,713	81	57
	TOTAL:	$794	$556

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 1-year Account from County Bank with 0.39% APY and $10,000 minimum deposit