Compound Interest Calculator
CD Account from Home State Bank with 1.20% APY

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The product CD Account from Home State Bank with 1.20% 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 $22,534. The interest earned would be $2,534 and the tax amount on the interest earned would be approximately $760.

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 Home State Bank

Savings Boost of
$505 over 10 years

Cash Savings $20,000

Average Interest Earned $1,268

Home State Bank Interest Earned $1,774

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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: 0.87%	Annual Interest	Annual Interest (After Tax)
1	20,000	174	122
2	20,174	176	123
3	20,350	177	124
4	20,527	179	125
5	20,706	180	126
6	20,886	182	127
7	21,068	184	128
8	21,252	185	130
9	21,437	187	131
10	21,624	188	132
	TOTAL:	$1,812	$1,268

Home State Bank Scenario

	Rate: 1.20%	Annual Interest	Annual Interest (After Tax)
1	20,000	240	168
2	20,240	243	170
3	20,483	246	172
4	20,729	249	174
5	20,977	252	176
6	21,229	255	178
7	21,484	258	180
8	21,742	261	183
9	22,003	264	185
10	22,267	267	187
	TOTAL:	$2,534	$1,774

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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Compound Interest Calculator CD Account from Home State Bank with 1.20% APY