Compound Interest Calculator
Savings Account from GENUINE PARTS with 1.26% APY and $2,500 minimum deposit

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The product Savings Account from GENUINE PARTS with 1.26% APY and $2,500 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 $22,659. The interest earned would be $2,659 and the tax amount on the interest earned would be approximately $798.

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

The Results for GENUINE PARTS

Savings Boost of
$1,530 over 10 years

Cash Savings $20,000

Average Interest Earned $331

GENUINE PARTS Interest Earned $1,861

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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	47	33
2	20,047	47	33
3	20,094	47	33
4	20,141	47	33
5	20,188	47	33
6	20,235	47	33
7	20,282	47	33
8	20,330	48	33
9	20,377	48	33
10	20,425	48	33
	TOTAL:	$473	$331

GENUINE PARTS Scenario

	Rate: 1.26%	Annual Interest	Annual Interest (After Tax)
1	20,000	251	176
2	20,251	254	178
3	20,506	258	180
4	20,763	261	183
5	21,024	264	185
6	21,288	267	187
7	21,555	271	190
8	21,826	274	192
9	22,100	278	194
10	22,378	281	197
	TOTAL:	$2,659	$1,861

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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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Advertiser Disclosure

ONLINE BANKS	APY^?	MIN^?
North American Savings Bank, F.S.B.	4.50%	$100,000	Learn More on the North American Savings Bank, F.S.B. website
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Charles Schwab Bank, SSB	4.65%	$1,000	Learn More
Last change: ↑0.35% on September 25.
BTG Pactual Bank, National Association	4.50%	$500	Learn More
Last change: ↑0.45% on April 27. Early Withdrawal Penalty is 90 days interest.
BTG Pactual Bank, National Association	4.50%	$500	Learn More
Last change: ↑0.43% on April 27. Early Withdrawal Penalty is 90 days interest.
Sallie Mae Bank	4.50%	$2,500	Learn More
Last change: ↑0.10% on September 25.

Compound Interest Calculator Savings Account from GENUINE PARTS with 1.26% APY and $2,500 minimum deposit