Compound Interest Calculator
CD Account from Gulf Coast Bank and Trust Company with 0.35% APY



Use or Change These Amounts and Rates

The product CD Account from Gulf Coast Bank and Trust Company with 0.35% 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 $20,711. The interest earned would be $711 and the tax amount on the interest earned would be approximately $213.

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 Gulf Coast Bank and Trust Company

Savings Boost of
$194 over 10 years
Cash Savings $20,000
Average Interest Earned $304

 
Gulf Coast Bank and Trust Company Interest Earned $498

 

 

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:
0.22%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 43 30
2 20,043 43 30
3 20,086 43 30
4 20,129 43 30
5 20,173 43 30
6 20,216 43 30
7 20,259 44 30
8 20,303 44 31
9 20,347 44 31
10 20,390 44 31
TOTAL: $434 $304

Gulf Coast Bank and Trust Company Scenario

Rate:
0.35%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 70 49
2 20,070 70 49
3 20,140 70 49
4 20,211 71 50
5 20,281 71 50
6 20,352 71 50
7 20,424 71 50
8 20,495 72 50
9 20,567 72 50
10 20,639 72 51
TOTAL: $711 $498

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?

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%.

Last change: ↑0.46% on December 15, 2023.
3 Month CD.

Last change: ↑0.20% on September 8, 2023.
6 Month CD.

Last change: ↓0.05% on March 15.
3 Month CD.

Last change: ↑0.09% on March 12.
6 Month Jumbo CD.



Customer Reviews for Gulf Coast Bank and Trust Company


  • March 19, 2020 |

    I made a deposit of 14k at the Gulf Coast Bank and Trust Carrollton Ave branch on March 13, 2020. My account manager and the bank manager both handled the deposit, but secretly, the manager had requested a hold on the funds, and my gut feeling is that he told my account manager not to mention it. See, I had a verbal confrontation with him in hthe past (which he now lies and says he doesn't remember. After seeing me, and realizing I'm Black, he purposely did not inform me of the pending hold. The next morning the funds were showing as available, and accordingly, I issued several checks. By 10:30 [name redacted], the manager had placed a manual hold on the funds. I met with him on Monday March 16, to discuss my issue. I told him he was harassing me because I'm Black because he had not thought about putting the hold on until after he had seen me for the first time, and I he didn't like the tone I used with him in our earlier phone confrontation. He actually responded with "No that's not the only reason". When he realized what he'd said, he quickly tried to retract his statement. See, they think all Black folks are ignorant. I reached out to as many people in that organization as I could find, and absolutely no one at a higher level responded. The only person who showed any concern was a lady named Louann. The bank has a list of policies, which they are going to use as their defense. Those policies only serve to shelter them from the consequences of their racist agenda. The management does what they want to Blacks, in an effort to damage us economically, then hide behind their policies. Several of my Black and White friends who had accounts in the past with this bank expressed the same dislikes.


Add Your Review


or use your BestCashCow account

or