Compound Interest Calculator
CD 2-year Account from Guaranty Bank and Trust Company with 0.43% APY and $10,000 minimum deposit

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The product CD 2-year Account from Guaranty Bank and Trust Company with 0.43% 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 $20,866. The interest earned would be $866 and the tax amount on the interest earned would be approximately $260.

Please note that this product is available in Mississippi and 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
$-776 over 10 years

Cash Savings $20,000

Average Interest Earned $1,382

Guaranty Bank and Trust Company Interest Earned $607

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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	189	132
2	20,189	191	134
3	20,380	193	135
4	20,573	195	136
5	20,768	196	138
6	20,964	198	139
7	21,162	200	140
8	21,363	202	141
9	21,565	204	143
10	21,769	206	144
	TOTAL:	$1,975	$1,382

Guaranty Bank and Trust Company Scenario

	Rate: 0.43%	Annual Interest	Annual Interest (After Tax)
1	20,000	85	60
2	20,085	85	60
3	20,170	86	60
4	20,256	86	60
5	20,342	86	61
6	20,429	87	61
7	20,515	87	61
8	20,603	88	61
9	20,690	88	62
10	20,778	88	62
	TOTAL:	$866	$607

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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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Compound Interest Calculator CD 2-year Account from Guaranty Bank and Trust Company with 0.43% APY and $10,000 minimum deposit