Compound Interest Calculator
CD 1-year Account from GULF STATES with 0.41% APY and $10,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 1-year Account from GULF STATES with 0.41% 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 $20,835. The interest earned would be $835 and the tax amount on the interest earned would be approximately $251.

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

Our records indicate that this institution has been acquired by MCCOY.

The Results for GULF STATES

Savings Boost of
$-212 over 10 years
Cash Savings $20,000
Average Interest Earned $797

 
GULF STATES Interest Earned $585

 

 

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:
0.56%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 111 78
2 20,111 112 78
3 20,223 112 79
4 20,335 113 79
5 20,448 113 79
6 20,561 114 80
7 20,675 115 80
8 20,790 115 81
9 20,905 116 81
10 21,021 117 82
TOTAL: $1,138 $797

GULF STATES Scenario

Rate:
0.41%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 82 57
2 20,082 82 58
3 20,164 83 58
4 20,247 83 58
5 20,330 83 58
6 20,413 84 59
7 20,497 84 59
8 20,581 84 59
9 20,665 85 59
10 20,750 85 60
TOTAL: $835 $585

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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