Compound Interest Calculator
CD Account from Guaranty Bank and Trust Company with 1.32% APY

Use or Change These Amounts and Rates

Cash Savings

Product:

Average Rate (%):

Guaranty Bank and Trust Company Rate (%):

Compound Interest Period:

Tax Rate:

Email (optional for newsletter registration)

Please leave this field blank

The product CD Account from Guaranty Bank and Trust Company with 1.32% APY 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 $22,802. The interest earned would be $2,802 and the tax amount on the interest earned would be approximately $841.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account

The Results for Guaranty Bank and Trust Company

Savings Boost of
$633 over 10 years

Cash Savings $20,000

Average Interest Earned $1,329

Guaranty Bank and Trust Company Interest Earned $1,962

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: 0.91%	Annual Interest	Annual Interest (After Tax)
1	20,000	182	128
2	20,182	184	129
3	20,366	186	130
4	20,552	187	131
5	20,739	189	132
6	20,928	191	133
7	21,118	192	135
8	21,311	194	136
9	21,505	196	137
10	21,701	198	138
	TOTAL:	$1,899	$1,329

Guaranty Bank and Trust Company Scenario

	Rate: 1.32%	Annual Interest	Annual Interest (After Tax)
1	20,000	264	185
2	20,264	267	187
3	20,531	271	190
4	20,803	275	192
5	21,077	278	195
6	21,355	282	197
7	21,637	286	200
8	21,923	289	203
9	22,212	293	205
10	22,505	297	208
	TOTAL:	$2,802	$1,962

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.

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
Blue Foundry Bank	6.00%	$5,000	Learn More
6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.
TotalDirect, a division of City National Bank of Florida	5.66%	$25,000	Learn More
Last change: ↑0.46% on December 15, 2023. 3 Month CD.
Bank5 Connect	5.50%	$500	Learn More
Last change: ↑0.20% on September 8, 2023. 6 Month CD.
Modern Bank, National Association	5.50%	$10,000	Learn More
Last change: ↓0.05% on March 15. 3 Month CD.
My e-Banc, a division of Bradesco BAC Florida Bank	5.49%	$50,000	Learn More
Last change: ↑0.09% on March 12. 6 Month Jumbo CD.

Compound Interest Calculator CD Account from Guaranty Bank and Trust Company with 1.32% APY